08/27 @ 8:30am
On Thursday, major indexes closed near session lows, as an early lift from positive jobless claims report faded. Volume fell across the board.
Today's GDP report will most likely be a factor in adding volatility.
Major indexes are BELOW 50 & 200dMA displaying NEGATIVE indicators.
Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price. At this time, of the 750 stocks monitored in the database, very few are close to meeting the CRITERIA. The current negative sentiment is curbing any aggressive purchases.
Selective Chartists Positions (with BUY price): NONE 100% CASH
Red Hat (NYSE:RHT)
Trina Solar (NYSE:TSL)
F5 Networks (NASDAQ:FFIV)
Cognizant Tech (NASDAQ:CTSH)
Aruba Ntworks (NASDAQ:ARUN)
ETFs: Inverse Fuds
SDS, SH, DXD, QID
View postings on StockCharts:
Disclosure: No Positions 100% CASH