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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
  • Focus On Stocks Holding ABOVE 50dMA,100% CASH 0 comments
    Feb 23, 2011 8:38 AM | about stocks: TSL, ADSK, BAX, COH, DECK, LDK, LRCX, BTU

    02/23  8:30am


    On Tuesday, stocks sold-off broadly fueled by crisis in Libya. Volume was heavy across the board. Reduced energy output contributed to igniting the decline.

    This morning, futures are pointing to a HIGHER opening.

    Focus is on stocks close to / meeting the CRITERIA:  At this time, there are very few candidates close to the criteria.  Selective Chartists is in process of identifying stocks holding ABOVE 50dMA.  Once the market snaps-back, stocks fiding support at 50dMA may be the leaders.


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


    Closely Monitoring: 
    Trina Soldar (NYSE:TSL)
    Autodesk (NASDAQ:ADSK)
    Baxter (NYSE:BAX)
    Coach (NYSE:COH)
    Deckers (NYSE:DECK)
    LDK Solar (NYSE:LDK)
    Lam Research (NASDAQ:LRCX)
    Peabody Energy (NYSE:BTU)

    View the charts:
    http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855
     

    Stocks: TSL, ADSK, BAX, COH, DECK, LDK, LRCX, BTU
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