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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 Set To Open Higher 0 comments
    Sep 9, 2010 8:41 AM | about stocks: GMCR, MTL, HLF, BIDU, LOW, AAPL, NKE, PVH, BBY, COH, CAT, ALTR, JOY, CY, NVDA

    09/09  @ 8:30am


    On Wednesday, stocks continued to advanced on higher volume from recent sessions.

    The gains extended numerous stocks in the Selective Chartists database. However, there are some fresh candidates that are now close to meeting the criteria (see below). Further strength in these may prompt purchases as they emerge from a basing channel. 


    Major indexes are ABOVE 50dMA & challenging 200dMA. The trend is UP.   

    This morning, futures are pointing to a HIGHER 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):  None   100% CASH 
    Strength in stocks mentioned below may prompt purchases...


    Closely Monitoring: 

    Green Mountain Coffee (NASDAQ:GMCR)
    Mechel Steel (NYSE:MTL)
    Herbalife (NYSE:HLF)
    Baidu (NASDAQ:BIDU)

    Lowes (NYSE:LOW)
    Apple (NASDAQ:AAPL)
    Nike (NYSE:NKE)
    Phillips Van Heusen (NYSE:PVH)
    Bed Bath & Beyond (NYSE:BBY)
    Coach (NYSE:COH)
    Caterpillar (NYSE:CAT)
    Altera (NASDAQ:ALTR)
    Joy Global (JOYG)
    Cypress Semi (NASDAQ:CY)
    NVIDIA (NASDAQ:NVDA)

    ETFs:  QQQQ, DIA, XLI, XLY

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

    Disclosure: subscribers only
    Stocks: GMCR, MTL, HLF, BIDU, LOW, AAPL, NKE, PVH, BBY, COH, CAT, ALTR, JOY, CY, NVDA
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