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Indicators Remain NEGATIVE, 100% CASH

|Includes: AKAM, Amazon.com, Inc. (AMZN), BIDU, NFLX, PRGO

 

 

08/17   @ 8:15am


On Monday, stocks see-sawed through the session and managed to close slightly higher. Volume was mixed.  2nd quarter earnings season is winding down and focus is turning back to economic data. 

Major indexes are BELOW 50 & 200dMA displaying NEGATIVE indicators. 
This morning, futures are pointing to a HIGHER opening.

Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price. 


Selective Chartists Positions (with BUY price):  None:   100% CASH


Closely Monitoring: 
Amazon (NASDAQ:AMZN)
Netflix (NASDAQ:NFLX) - waiting for  pullback
Akamai (NASDAQ:AKAM)
Perrigo (NASDAQ:PRGO)
Baidu (NASDAQ:BIDU)

ETFs:  Inverse Fuds
SDS, SH, DXD, QID

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



Disclosure: No Positions: 100% CASH