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Hello and welcome to Selective Chartists. I am Joe Majocha, full-time trader (NYSE, NASDAQ growth stocks) since 2000 and founder of SC(2004). SC offers stock analysis and trading considerations for hedge funds, financial analysts and self - directed traders. Our uniqueness is proprietary scans... More
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Selective Chartists - Stock Analysis - Buy / Sell, When & Why
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Selective Chartists
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The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Difficult Finding Stocks Meeting CRITERIA, 100% CASH 0 comments
    Jan 19, 2011 8:57 AM | about stocks: ARUN, BBT, LRCX, PNC

    01/19   8:45am

    On Tuesday, stocks reversed to post modest gains.  Volume rose. 

    Major indexes are RSI 70+ signaling EXTENDED. See Big Picture Snapshot 01/16

    Of the 750 stocks monitored in the database, it is extremely difficult to find candidates that are close to / meeting the CRITERIA.  Pullbacks would be healthy for stocks to digest gains & rebuild momentum.

    This morning, futures are pointing to a LOWER opening. 

    Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.  However, market pullbacks can curb gains / performance of the strongest stocks. 

    Selective Chartists Positions (with BUY price):   None  100% CASH

    Closely Monitoring:  
    Aflac (NYSE:AFL)
    Broadcom (BRCM)
    Lam Research (NASDAQ:LRCX)
    Caterpillar (NYSE:CAT)
    Autodesk (NASDAQ:ADSK)
    Westernn Digital (NYSE:WDC)

    View postings on StockCharts:

    Stocks: ARUN, BBT, LRCX, PNC
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