Seeking Alpha

Selective Chart...'s  Instablog

Selective Chartists
Send Message
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
My company:
Selective Chartists
My blog:
Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Indicators Improve, Candidates For Purchase Emerge 0 comments
    Jul 23, 2010 8:39 AM | about stocks: FCX, AMT, NTAP, BIDU, CRM, FFIV, CREE, CAT, INTC, CMI, BUCY, CLF, WLT, X, UPS, CHU, UTX, HON, BA, ADSK, MMM
    07/23   @ 8:20am

    On Thursday, stocks gapped up at the open and continued to strengthen through the day closing at session highs. Volume was lighter from the previous session.  Strong earnings reports and positive economic data fueld the rally. 

    Major indexes are now ABOVE 50dMA & testing 200dMA, a positive technical development. Recent rally sessions have improved internal technical indicators suggesting higher levels may lie ahead.  

    Numerous stocks are now candidates for purchase considerations as close to or meeting the CRITERIA. 

    This morning, futures are pointing to a HIGHER opening. 

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

    Selective Chartists Positions (with BUY price):  NONE   100% CASH
    However, purchases are anticipated to be made today...


    Closely Monitoring: 
    Freeport McMoran (NYSE:FCX)
    American Tower (NYSE:AMT)
    Network Appliance (NASDAQ:NTAP)
    Baidu (NASDAQ:BIDU)
    Salesforce (NYSE:CRM)
    F5 Networks (NASDAQ:FFIV) - may need pullback
    Cree (NASDAQ:CREE)
    Caterpillar (NYSE:CAT)
    Intel (NASDAQ:INTC)
    Cummins (NYSE:CMI)

    Apple (NASDAQ:AAPL)
    Bucyrus (NASDAQ:BUCY)
    Cliffs Natural (NYSE:CLF)
    Walter Ind. (NYSE:WLT)
    US Steel (NYSE:X)
    United Postal (NYSE:UPS)
    China Unicom (NYSE:CHU)
    United Tech (NYSE:UTX)
    Honeywell (NYSE:HON)
    Boeing (NYSE:BA)
    Autodesk (NASDAQ:ADSK)
    3M (NYSE:MMM)

    ETFs:  SMH

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



    Disclosure: No Positions - anticipate purchases today...
    Stocks: FCX, AMT, NTAP, BIDU, CRM, FFIV, CREE, CAT, INTC, CMI, BUCY, CLF, WLT, X, UPS, CHU, UTX, HON, BA, ADSK, MMM
Back To Selective Chartists' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.