Selling JNJ; 50 DMAs are concrete walls.

Sold JNJ at $69.26 based on the support level of which I'd previously posted; no JNJ remains.

All three of the major indexes interacted heavily with their respective 50 dma.

DOW (11016 -372) can't break through 11,400.
NASDAQ (2179 -95) was turned away at 2315.
S&P (1207 -48) shackled at 1260.

Remember, policy never signals a bottom. Recall all of my comments on financials signalling a bottom?

Revised GIS stop: $67.75

Freeport McMoran (FCX) mentioned on Fast Money on 9/9 around $65.

When do you buy HD or Lowes?