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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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Selective Chartists
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Selective Chartists
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The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Orderly Pullbacks Are Healthy, 2 Positions 0 comments
    Sep 30, 2010 8:32 AM | about stocks: CRUS, TSL, BA, FDO, SID, JWN, GES, MCHP, NVLS, HPQ, XLNX

    09/30  @ 8:20am


    On Wednesday, major indexes closed modestly lower on lighter volume.  Pullbacks on lighter volume are healthy for stocks to digest gains and rebuild momentum. 

    This morning, futures are pointing to a modestly LOWER 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):   2  (subscribers only)
       

    Closely Monitoring: 
    Cirrus Logic (NASDAQ:CRUS)
    Trina Solar (NYSE:TSL)
    Boeing (NYSE:BA)
    Family Dollar (NYSE:FDO)
    Cmpanhia Siderugica (NYSE:SID)
    Nordstrom (NYSE:JWN)
    Guess (NYSE:GES)
    Microchip (NASDAQ:MCHP)
    Novellus (NASDAQ:NVLS)
    Hewlett-Packard (NYSE:HPQ)
    Xilinx (NASDAQ:XLNX)

    Note: Further strength in these may prompt purhcases...


    ETFs:
      XLI, XLY, XLV, IBB, SPY, IVV, IWM, SMH


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



    Disclosure: Long: 2 positions (subscribers only)
    Stocks: CRUS, TSL, BA, FDO, SID, JWN, GES, MCHP, NVLS, HPQ, XLNX
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