08/30 @ 9:15am
This morning, futures are pointing to a LOWER opening for the major indexes.
As stated in this weekends BIG PICURE SNAPSHOT, major indexes are BELOW 50 & 200dMAs. Indicators are NEGATIVE and there is no sector leadership.
Anticipate lower levels to be tested.... Greater risk than reward at this time.
Selective Chartists is in a 100% CASH position.
To view stocks closely being monitored (close / meeting criteria), view this weekends STOCK FOCUS LIST.
Disclosure: No Positions, 100% CASH