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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
  • Futures Pointing To HIGHER Opening 0 comments
    Sep 13, 2010 8:39 AM | about stocks: MTL, BIDU, LULU, LOW, PVH, COH, CAT, CY, PFE, BMY, JNJ

     


    09/13  @ 8:30am


    This morning, futures are pointing to a higher opening for the major indexes.   

    Recent gains have 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.   


    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:  (many are extended & in need of pullback..)

    Mechell Steel (MTL)
    Baidu (BIDU)
    Lululemon (LULU)
    Lowes (LOW)
    Nike (NKE)
    Phillips Van Huesen (PVH)
    Coach (COH)
    Caterpillar (CAT)
    Cypress Semi (CY)
    Pfizer (PFE)
    Bristol Myers (BMY)
    Johnson & Johnson (JNJ)

    ETFs:  QQQQ, XLI, XLY

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


     



    Disclosure: subscribers only
    Stocks: MTL, BIDU, LULU, LOW, PVH, COH, CAT, CY, PFE, BMY, JNJ
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