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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
  • Stocks Pullback To Digest Gains, 2 Positions 0 comments
    Aug 4, 2010 8:36 AM | about stocks: AAPL, BA, BIDU, HON, MOS, DVMT, HPQ, WDC, KLAC, CHL, AMZN, ANTM, BMY
    08/04   @ 8:30am

    On Tuesday, stocks fell modestly and in a contained manner. After a strong rally, we anticipated a pullback to occur. Many leading stocks were subject to a pullback to digest gains and rebuild momentum. Volume was mixed.

    On Friday, the Jobs Report will be provided (8:30am EST) and will most likely influence near-term market direction. Anticipate sluggish see-saw movements prior to the report.

    Major indexes are ABOVE 50 & 200dMA crossover

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

    Selective Chartists Positions (with BUY price):  2 (subscribers only)

    Closely Monitoring: 
    Apple (NASDAQ:AAPL)
    Baidu (NASDAQ:BIDU)
    Boeing (NYSE:BA)
    Honeywell (NYSE:HON)
    Mosaic (NYSE:MOS)
    EMC (EMC)
    Hewlett Packard (NYSE:HPQ)
    SanDisk (SNDK)
    KLA Tencor (NASDAQ:KLAC)
    China Mobile (NYSE:CHL)
    Amazon (NASDAQ:AMZN)
    Wellpoint (WLP)
    Bristol Myers (NYSE:BMY)

    ETFs:  XLE

    View postings on StockCharts:

    Disclosure: 2 positions (subscribers only)
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