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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 Pullback To Digest Gains, 2 Positions 0 comments
    Aug 4, 2010 8:36 AM | about stocks: AAPL, BA, BIDU, HON, MOS, EMC, HPQ, SNDK, KLAC, CHL, AMZN, WLP, 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 (NYSE:EMC)
    Hewlett Packard (NYSE:HPQ)
    SanDisk (NASDAQ:SNDK)
    KLA Tencor (NASDAQ:KLAC)
    China Mobile (NYSE:CHL)
    Amazon (NASDAQ:AMZN)
    Wellpoint (NYSE:WLP)
    Bristol Myers (NYSE:BMY)


    ETFs:  XLE

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



    Disclosure: 2 positions (subscribers only)
    Stocks: AAPL, BA, BIDU, HON, MOS, EMC, HPQ, SNDK, KLAC, CHL, AMZN, WLP, BMY
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