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Hello and welcome to Selective Chartists. I am Joe Majocha, full-time trader since 2000 and founder of SC. SC is a provider of stock analysis for self directed traders. Our uniqueness is proprietary scans resulting in an exceptional record of winning trades. Through the day, scans produce a... More
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Selective Chartists
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Selective Chartists
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The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks To Open HIGHER, 5 Positions 0 comments
    Dec 21, 2010 8:43 AM | about stocks: AMZN, CHU, CCI, LVS, MON, NTAP, WYNN

    12/21  @ 8:30am

    This morning, futures are pointing too a HIGHER opening:

    The vast majority of stocks monitored in the databse are EXTENDED and in dire need of pullback to digest gains & rebuild momentum.  Numerous recent breakout stocks are not only pulling back, but are testing key support levels.  Therefore, it is extremely difficult to identify candidates meeting the CRITERIA. 

    The overall TREND is UP but appears to be tiring.  The market climate is now a "stock-pickers market".  Leadership in sectors is difficult to find and stocks meeting the criteria are almost non-exsistent out or a database of 750.   

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


    Selective Chartists Positions (with BUY price):   5 (subscribers only)


    Closely Monitoring:  
    Amazon (AMZN)
    China Unicom (CHU)
    Crown Castle (CCI)
    Las Vegas Sands (LVS)
    Monsanto (MON)
    NetworkAppliance (NTAP)
    Wynn Resorts (WYNN)


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

    Stocks: AMZN, CHU, CCI, LVS, MON, NTAP, WYNN
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