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Selective Chartists
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Selective Chartists identifies stocks that meet the CRITERIA. These stocks appear poised for higher levels in the near-term, as indicators are positive & strengthening. Regimented buy / sell rules is KEY... CRITERIA: Focus on 50 top-rated growth stocks ranked by Investors Business Daily... More
My company:
Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Need Pullback, Closely Monitoring, 100% CASH 0 comments
    Sep 28, 2010 8:37 AM | about stocks: NTES, SID, MOS, BA, GD, NOC, UTX

    09/28  @ 8:20am


    On Monday, major indexes posted an orderly pullback closing at session lows. Volume was lighter across the board.   

    The vast majority of 750 stocks monitored in the database are severely EXTENDED. 

    Orderly pullbacks would be healthy for stocks so as to provide attractive entry points when candidates once again meet the criteria. Numerous stocks need to digest gains and rebuild momentum.

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

    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
       

    Closely Monitoring: 
    Netease (NTES)
    Cmpanhia Siderugica (SID)
    Mosaic (MOS)
    Boeing (BA)
    General Dynamics (GD)
    Northrop (NOC)
    United Tech (UTX)
    Lennar (LEN)
    Toll (TOL)
    Yahoo (YHOO)
    Nordstrom (JWN)
    Guess (GES)
    Target (TGT)
    Atheros (ATHR)
    Microchip (MCHP)
    Novellus (NVLS)
    Hewlett-Packard (HPQ)
    Xilinx (XLNX)

    ETFs:      QQQQ, XLI, XLY, XLV, XLF, XLB, IBB, SPY, IVV, IWM, SMH
    Note: These ETFs are EXTENDED and need pullback....


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



    Disclosure: None: 100% CASH
    Stocks: NTES, SID, MOS, BA, GD, NOC, UTX
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