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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 Finish Mixed, 4 Positions 0 comments
    Sep 22, 2010 8:36 AM | about stocks: BIDU, UTX, WYNN, WLT, ZION, NVDA, A, MCHP, LEN, TOL

    09/22  @ 8:30am


    On Tuesday, major indexes closed mixed. Volume was heavy across the board.  Numerous leading stocks held onto gains.

    Technical indicators are POSITIVE & strengthening suggesting higher levels may lie ahead.

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

    Major indexes are ABOVE 50dMA & 200dMA. The trend is UP.  However, near-term pullbacks are anticipated to digest recent gains & rebuild momentum.

    Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.


    Selective Chartists Positions (with BUY price):  4  (subscribers only)



    Closely Monitoring: 
    Baidu (NASDAQ:BIDU)
    United Tech (NYSE:UTX)
    Wynn Resorts (NASDAQ:WYNN)
    Walter Iind. (NYSE:WLT)
    Zions (NASDAQ:ZION)
    NVIDIA (NASDAQ:NVDA)
    Agilent (NYSE:A)
    Microchip (NASDAQ:MCHP)
    Lennar (NYSE:LEN)
    Toll Brothers (NYSE:TOL)


    ETFs:
      QQQQ, XLI, XLY, NDY, XLV, XLF, XLB, IBB, SPY, IVV, IWM

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



    Disclosure: Long: 4 Positions (subscribers only)
    Stocks: BIDU, UTX, WYNN, WLT, ZION, NVDA, A, MCHP, LEN, TOL
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