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Hello and welcome to Selective Chartists. I am Joe Majocha, full-time trader (NYSE, NASDAQ growth stocks) since 2000 and founder of SC(2004). SC offers stock analysis and trading considerations for hedge funds, financial analysts and self - directed traders. Our uniqueness is proprietary scans... More
My company:
Selective Chartists - Stock Analysis - Buy / Sell, When & Why
My blog:
Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Rise On Light Volume, 100% CASH 0 comments
    Aug 26, 2010 8:53 AM | about stocks: IT, PAY, RVBD, MCD, AKAM, VMW, FFIV, CTSH, NFLX

     


    08/26  @ 8:50am


    On Wednesday, stocks reversed to close positive snapping a 4-day decline. Volume eased from previous session.  

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

    This morning, futures are pointing to a HIGHER opening, sparked by a better than anticipated Jobless Claims Report.  

    Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price. At this time, of the 750 stocks monitored in the database, very few are close to meeting the CRITERIA. The current negative sentiment is curbing any aggressive purchases.


    Selective Chartists Positions (with BUY price):  NONE   100% CASH


    Closely Monitoring: 
    Gartner Group (NYSE:IT)
    Verifone (NYSE:PAY)
    Riverbed (NASDAQ:RVBD)
    McDonalds (NYSE:MCD)
    Akamai (NASDAQ:AKAM)
    VMware (NYSE:VMW)
    F5 Networks (NASDAQ:FFIV)
    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: No Positions 100% CASH
    Stocks: IT, PAY, RVBD, MCD, AKAM, VMW, FFIV, CTSH, NFLX
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