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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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Selective Chartists
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Selective Chartists
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The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Set To Pullback, 8 Positions 0 comments
    Aug 10, 2010 8:38 AM | about stocks: AAPL, BA, HON, KLAC, ANTM
    08/10   @ 8:30am

    On Monday, stocks rallied ahead of the Fed's policy decision today @ 2:15pm EST. Volume was light across the board. 

    Major indexes are ABOVE 50 & 200dMA crossover & displaying MIXED indicators. Monitor closely as weakness in the market could easily penetrate the crossover and ignite institutional selling.

    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. 


    Selective Chartists Positions (with BUY price):  8 (subscribers only)


    Closely Monitoring: 
    Apple (NASDAQ:AAPL)
    Boeing (NYSE:BA)
    Honeywell (NYSE:HON)
    KLA Tencor (NASDAQ:KLAC)
    Wellpoint (WLP)

    ETFs:  XLV, XLY

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



    Disclosure: Long: CLF, WLT, AMZN, SNDK, EMC
    Stocks: AAPL, BA, HON, KLAC, ANTM
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