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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
  • Major Indexes BELOW 200dMA, 100% CASH 0 comments
    Jun 24, 2010 9:10 AM | about stocks: VRX, BIDU, CTRP, AVGO, LVS, WYNN, CAT
    06/24   @ 8:45am

    On Wednesday, stocks ended mostly lower fueled by a weak housing report. Volume was mixed.

    Major indexes are BELOW 200dMA  & displaying negative biased indicators - a technical negative.  

    This morning, futures are pointing to a LOWER opening.

    Current Climate is HIGH RISK and offers greater risk than reward.


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


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


    Closely Monitoring: 
    Valeant Pharm. (NYSE:VRX)
    Baidu (NASDAQ:BIDU)
    Ctrip (NASDAQ:CTRP)
    Broadcom (BRCM)
    Las Vegas Sands (NYSE:LVS)
    Wynn Resorts (NASDAQ:WYNN)
    Caterpillar (NYSE:CAT)


    ETFs:   None

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

     



    Disclosure: No Positions
    Stocks: VRX, BIDU, CTRP, AVGO, LVS, WYNN, CAT
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