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Stocks Set To Sell-Off On Opening, 100% CASH

|Includes: CMI, CTRP, CTSH, Micron Technology Inc. (MU), PAY, SWKS, VRX, WDC
06/29   @ 8:30am

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


Closely Monitoring: 
Micron Tech (NASDAQ:MU)
Valeant Pharm. (NYSE:VRX)
Ctrip (NASDAQ:CTRP)
Cummins (NYSE:CMI)
SanDisk (SNDK)
Verifone (NYSE:PAY)
Cognizant Tech (NASDAQ:CTSH)
Skyworks (NASDAQ:SWKS)


ETFs:   None

View postings on StockCharts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855



Disclosure: No Positions