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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: 

Valeant Pharm. (VRX)
Skyworks (NASDAQ:SWKS)

ETFs:  Monitoring INVERSE ETFs

View postings on StockCharts:

Disclosure: No Positions