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Indicators Weaken, 4 Positions

Indicators Weaken, 4 Positions

05/08 9:00am

On Monday, the indexes erased early losses in quiet trading. New eurozone worries are weighing on the market.

Major indexes are BELOW 50dMA and indicators are NEGATIVE. Further weakness near-term is anticipated and the climate is HIGH CAUTION.

This morning, futures are pointing to a LOWER opening.

Focus on stocks meeting the CRITERIA.

Selective Chartists Positions (with BUY price):
Nike (NYSE:NKE)) $111.69
Lululemon (NASDAQ:LULU) $76.55 (Buy #1)
Lululemon (LULU) $78.60 (Buy #2)
Lululemon (LULU) $78.93 (Buy #3)

Closely Monitoring:
Nordstrom (NYSE:JWN)
American Tower (NYSE:AMT)
Alexion (NYSE:ALEX)
Questcor (QCOR)
Bed Bath Beyond (NASDAQ:BBBY)
Dollar General (NYSE:DG)
Ross Stores (NASDAQ:ROST)
Under Armour (NYSE:UA)
Philip Morris (NYSE:PM)
Monster Bev. (NASDAQ:MNST)

View the charts: