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We focus on trading strategies that have historically given traders a significant edge when it comes to investing in the stock market. We have worked under and have been trained by some of the top investors of the past 25 years including WILLIAM O’NEIL(bestselling author and founder of investors... More
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  • Open Position Management and expected market action 0 comments
    Mar 26, 2010 3:43 PM | about stocks: CHS, CTRP, SHOO, RAX, PVH, JAS, CTSH, ISRG, JDAS, HUN, ORCL, SBUX, JOY, BUCY, CSGS, WDC, CMPR
    We are being very cautious at these levels but expect to see some quarter end support as funds defend their positions and performance numbers by holding up market.  You also do typically get some window dressing at this point as funds add some positions that have performed well to look good to their investors We will see.
    Some things to look at  
    Not liking the selloffs on good news in the following 2 stocks
    ISRG- We would sell some if haven't yet. Watching to see if can hold the 50 day MA Still up 16% but we were up as much as 25.7%
    JDAS- Looking good We are still up almost 20% on our first entry and about 1.6% on our second
    HUN could move but better to close in this market environment. Could always get back again down the road. First position up 19.5% and was up as high as 31% during the trade. Second position closed with a small loss.
    JAS new highs- Up 16% for us
    CTSH-Should have taken some profits if not do so now. Trade is up 16%
    RAX heading lower glad we closed at open. We were up as much as 15% on this trade.
    WRC nice consolidation up 17%.
    JOYG(up 26%) and BUCY(Up 7.5% and 31%) are consolidating nicely. May want to take some profits
    CSGS so far a nice looking pullback
    SNDK Looks ok and is still trading near highs. May want to bank some profits. We are up 16% but were up as much as 26% yesterday.
    VPRT building a nice base on base.
     Is still up big but may be stalling under the 100 day ma make sure have locked in profits on ½ position stock has run as much as 27% in 2 weeks and still up 17% MEND let pullback to 50 day MA to give some wiggle room
    CTRP should have taken ½ off if not we would do so now.
    SHOO still running up over 10% now since Tuesday.
    If CHS can't find support at the 50 day MA we will close position.


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    Global Chart Analysis
    Global Chart Analysis and ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading and may not be impacted by brokerage and other slippage fees. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those 603 S. Prospect Ave Redondo Beach, CA 90277

    Disclosure: no positions
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