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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 Fall On Heavier Volume, 5 Positions 0 comments
    Aug 20, 2010 8:54 AM | about stocks: NTAP, AMZN, AKAM, BIDU, CLF, WLT, MCD, FFIV, VMW, CTSH, NFLX

    08/20  @ 8:50am


    On Thursday, major indexes fell as disappointing economic data concerned investors. Volume was higher across the board. 

    Major indexes are BELOW 50 & 200dMA displaying NEGATIVE indicators. 

    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):  5 (subscribers only)


    Closely Monitoring: 
    Network Appliance (NASDAQ:NTAP)
    Amazon (NASDAQ:AMZN)
    Akamai (NASDAQ:AKAM)
    Baidu (NASDAQ:BIDU)
    Cliffs Natural (NYSE:CLF)
    Walter Ind. (NYSE:WLT)
    McDonalds (NYSE:MCD)
    RINO Intl. (OTC:RINO)
    F5 Networks (NASDAQ:FFIV)
    VMware (NYSE:VMW)
    Cognizant Tech (NASDAQ:CTSH)
    Netflix (NASDAQ:NFLX)


    ETFs:  Inverse Fuds
    SDS, SH, DXD, QID

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



    Disclosure: Long 5 positioons - subscribers only
    Stocks: NTAP, AMZN, AKAM, BIDU, CLF, WLT, MCD, FFIV, VMW, CTSH, NFLX
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