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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 Reverse To Close Lower, 2 Positions 0 comments
    Aug 24, 2010 8:37 AM | about stocks: AKAM, VMW, NTAP, AMZN, MCD, FFIV, CTSH, NFLX

    08/24  @ 8:25am

    On Tuesday, major indexes rallied thoruhg mid-day and then reversed to close near session lows. Volume was lighter from previous session.   

    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):  2 (subscribers only)

    Closely Monitoring: 
    Network Appliance (NASDAQ:NTAP)
    Amazon (NASDAQ:AMZN)
    McDonalds (NYSE:MCD)
    RINO Intl. (OTC:RINO)
    F5 Networks (NASDAQ:FFIV)
    Cognizant Tech (NASDAQ:CTSH)
    Netflix (NASDAQ:NFLX)

    ETFs:  Inverse Fuds

    View postings on StockCharts:

    Disclosure: 2 positions (subscribers only)
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