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Selective Chartists
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Selective Chartists identifies stocks that meet the CRITERIA. These stocks appear poised for higher levels in the near-term, as indicators are positive & strengthening. Regimented buy / sell rules is KEY... CRITERIA: Focus on 50 top-rated growth stocks ranked by Investors Business Daily... More
My company:
Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Set To Slide, 100% CASH 0 comments
    Jul 20, 2010 8:54 AM | about stocks: EMC, NTAP, NFLX, CRM, FFIV, CREE, CAT, NVLS, INTC, CTSH, CMI
    07/20   @ 8:50am

    On Monday, major indexes closed in positive territory after a see-saw session and another weak housing report. Volume fell across the board.

    Major indexes are BELOW the 50 & 200dMAs and are displaying a negative crossover.  Lower levels are anticipated near-term.  There is no sector leadership, indicators are negative and numerous leading stocks are breaking below support levels. 

    After the close, IBM (IBM) released earnings and were below analysts expectations. The miss will weigh on today's session.

    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.  Of the 750 stocks monitored in the database, there are no candidates currently meeting the CRITERIA.


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



    Closely Monitoring: 
    EMC (EMC)
    Network Appliance (NTAP)
    Netflix (NFLX)
    Salesforce (CRM)
    F5 Networks (FFIV)
    Cree (CREE)
    Caterpillar (CAT)
    Novellus (NVLS)
    Intel (INTC)
    Cognizant Tech (CTSH)
    Cummins (CMI)

    ETFs:  None

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



    Disclosure: No Positions
    Stocks: EMC, NTAP, NFLX, CRM, FFIV, CREE, CAT, NVLS, INTC, CTSH, CMI
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