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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 Continue Gains, 7 Positions 0 comments
    Aug 5, 2010 8:46 AM | about stocks: AAPL, BA, HON, MOS, KLAC, ANTM, BMY, GOOG, CLF, AMZN, SNDK, EMC, WLT
    08/05   @ 8:30am

    On Wednesday, stocks gained ground fueled by positive economic data and earnings reports. 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 and displaying positive indicators. 

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

    Selective Chartists Positions (with BUY price):  7
    Cliffs Natural (NYSE:CLF) $58.46 (Buy #1)
    Cliffs Natural (CLF) $60.64 (Buy #2)
    Walter Ind. (NYSE:WLT) $75.40
    Amazon (NASDAQ:AMZN) $126.45 (Buy #1)
    Amazon (AMZN) $127.66 (Buy #2)
    SanDisk (NASDAQ:SNDK) $45.93
    EMC (NYSE:EMC) $20.97

    Closely Monitoring: 
    Apple (NASDAQ:AAPL)
    Boeing (NYSE:BA)
    Honeywell (NYSE:HON)
    Mosaic (NYSE:MOS)
    KLA Tencor (NASDAQ:KLAC)
    Wellpoint (WLP)
    Bristol Myers (NYSE:BMY)
    Google (NASDAQ:GOOG)

    ETFs:  XLE, IWM, XLV 

    View postings on StockCharts:

    Disclosure: Long: CLF, AMZN, WLT, SNDK, EMC
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