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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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The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Gain In 6 Of 7 Sessions, 4 Positions 0 comments
    Oct 13, 2011 8:50 AM | about stocks: COH, DECK

     


    Stocks Gain In 6 Of 7 Sessions, 4 Positions

    10/13     8:40am

    On Wednesday, stocks resisted late selling pressure and closed higher. Good news is that volume rose across the board. After recent gains, major indexes are now testing overhead resistance levels. Need to monitor closely to see if a rallly can develop that will propel indexes above resistance or if a rally will fizzle in need of a pullback      

    This morning, futures are pointing to a MIXED opening


    Selective Chartists Positions
    (with BUY price):  

    Apple (NASDAQ:AAPL) $396.57 (Buy #1)

    Apple (AAPL) $397.64 (Buy #2)

    Coachh (NYSE:COH) $61.22

    Deckers (NYSE:DECK) $107.70

     

    Closely Monitoring: 

    Biogen (NASDAQ:BIIB)

    Cerner (NASDAQ:CERN)

    Ross Stores (NASDAQ:ROST)

    Limited (LTD)

    Lululemon (NASDAQ:LULU)

    Under Atmour (NYSE:UA)

    Las Vegas Sands (NYSE:LVS)

    Nordstrom (NYSE:JWN)

    Wynn (NASDAQ:WYNN)

    Amazon (NASDAQ:AMZN)

    VMware (NYSE:VMW)

    Broadcom (NASDAQ:BRCM)

    Cisco (NASDAQ:CSCO)

    KLA-Tencor (NASDAQ:KLAC)

    Lam Research (NASDAQ:LRCX)

    Red Hat (NYSE:RHT)

    Texas Instruments (NASDAQ:TXN)

    Starbucks (NASDAQ:SBUX)

    Tempur-Pedic (NYSE:TPX)

    Bed Bath & Beyond (NASDAQ:BBBY)



    ETFs:  SMH


    Inverse Funds:    

    Dow 30 (NYSEARCA:DXD)      

    ProShares Short Dow 30 (NYSEARCA:DOG)       

    ProShares Short S&P 500 (NYSEARCA:SH)       

    QQQ (NYSEARCA:QID)       

    SP 500 (NYSEARCA:SDS)


    View the charts:

    Major indexes ABOVE 50dMAstrongest stocks close / meeting the CRITERIA. 

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

    Stocks: COH, DECK
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