Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Stocks Stage Negative Reversal, 100% CASH

|Includes: AAPL, BHC, Intel Corporation (INTC), NFLX, SWKS
07/01   @ 8:30am

On Wednesday, major indexes dropped late in the session after spending much of the day in positive territory.  Volume was lighter across the board.  The reversal is a technical negative and escalates overall concerns re the market. 

The Friday Jobs Report and the holiday weekend will most likely pressure any snap-back rallies that may occur.

Major indexes are BELOW 200dMA  & displaying negative biased / deteriorating indicators - a technical negative.  

Current Climate is HIGH RISK and offers greater risk than reward.

This morning, futures are pointing to a LOWER opening.


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: 

Altera (NASDAQ:ALTR)
Valeant Pharm. (VRX)
Skyworks (NASDAQ:SWKS)
Netflix (NASDAQ:NFLX)
Apple (NASDAQ:AAPL)


ETFs:  Monitoring INVERSE ETFs
DXD
SH
QID
SDS

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



Disclosure: No Positions