On Monday, major indexes fell giving up modest gains in the final hour. Volume was light across the board.
Major indexes are BELOW 200dMA & displaying negative biased indicators - a technical negative.
This morning, futures are pointing to a LOWER opening.
Current Climate is HIGH RISK and offers greater risk than reward.
Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price. Current climate is curbing purchase activity.
Selective Chartists Positions (with BUY price): NONE 100% Cash
Micron Tech (NASDAQ:MU)
Valeant Pharm. (NYSE:VRX)
Cognizant Tech (NASDAQ:CTSH)
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Disclosure: No Positions