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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
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Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Are Under Pressure, 4 Positions 0 comments
    Nov 30, 2010 8:43 AM | about stocks: NKE, TGT, ANR, GMCR, SNDK, NFLX, FDX

    11/30  @ 8:30am

    On Monday, major indices opened weaker on pessimism surrounding Europe's debt crisis.  The averages staged a late rally narrowing their losses, closing near session highs.  Volume was heavier than Friday but well below average.

    Major indexes remain above 50dMA, but further weakness in the indexes may position them to test the 50dMA.

    This morning, futures are pointing to a modestly LOWER opening. 

    This week is filled with economic reports and Friday's Jobs Report.  Anticipate pressure on the market near-term. 


    Focus is on stocks meeting the CRITERIA     & setting stop-loss limits / trailing stops as stocks rise in price.


    Selective Chartists Positions (with BUY price):  4 (subscribers only)


    Closely Monitoring: 
    Apple (AAPL)
    Baidu (BIDU)
    Amazon (AMZN)
    Akamai (AKAM)
    Nike (NKE)
    Target (TGT)
    Aruba Networks (ARUN)
    Cognizant Tech (CTSH)
    SanDisk (SNDK)
    FedEx (FDX)
    Netflix (NFLX)
    Green Mtn Coffee (GMCR)
    VMware (VMW)
    Alpha Natural (ANR)
    Sina (SINA)

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



    Disclosure: Long: 4 positions (subscribers only)
    Stocks: NKE, TGT, ANR, GMCR, SNDK, NFLX, FDX
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