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Selective Chartists
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Selective Chartists identifies stocks that meet the CRITERIA. These stocks appear poised for higher levels in the near-term, as indicators are positive & strengthening. Regimented buy / sell rules is KEY... CRITERIA: Focus on 50 top-rated growth stocks ranked by Investors Business Daily... More
My company:
Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Select Stocks Working Higher, 6 Positions 0 comments
    Oct 28, 2010 8:42 AM | about stocks: BIDU, AKAM, MRVL, CTRX-RETIRED
    10/28  @ 8:30am


    On Wednesday, major indexes finished mixed on modestly higher volume on both exchanges. 

    Major indexes are trading at overhead resistance levels.  The vast majority of leading stocks are EXTENDED.  Candidates meeting the criteria are evolving but it is now a "stock pickers market". 

    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):   
    Baidu (BIDU) $102.13 (Buy #3)
    Baidu (BIDU) $100.84 (Buy #4)
    Baidu (BIDU) $102.61 (Buy #5)
    Akamai (AKAM) $50.34
    Marvell (MRVL) $18.38
    Citrix (CTXS) $64.57


     

    Closely Monitoring: 

    US Bancorp (USB)
    DreamWorks (DWA)
    Novellus (NVLS)
    Akamai (AKAM)
    Deckers (DECK)
    TJ Max (TJX)
    Goldman Sachs (GS)
    Baidu (BIDU)
    Mosaic (MOS)
    Marvell (MRVL)
    Citrix (CTRX)
    OmniVision (OVTI)
    NetLogic (NETL)
    Skyworks (SWKS)
    VMware (VMW)

    ETFs:  SMH


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

    Disclosure: Long: 6 Positions (subscribers only)
    Stocks: BIDU, AKAM, MRVL, CTRX-RETIRED
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