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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
  • 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
    http://www.selectivechartists.com/index.php?option=content&task=view&id=2423&Itemid=50


    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:  
    BB&T (BBT)
    PNC (PNC)
    Aflac (AFL)
    Broadcom (BRCM)
    Lam Research (LRCX)
    Caterpillar (CAT)
    Autodesk (ADSK)
    Westernn Digital (WDC)



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

    Stocks: ARUN, BBT, LRCX, PNC
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