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Hello and welcome to Selective Chartists. I am Joe Majocha, full-time trader (NYSE, NASDAQ growth stocks) since 2000 and founder of SC(2004). SC offers stock analysis and trading considerations for hedge funds, financial analysts and self - directed traders. Our uniqueness is proprietary scans... More
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Selective Chartists - Stock Analysis - Buy / Sell, When & Why
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Selective Chartists
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The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Decline On Weak Economic Data, 1 Position 0 comments
    Oct 5, 2010 8:34 AM | about stocks: WYNN, BA, FDO, SID, JWN, AVGO, MCHP, MTW, BIDU

    10/05  @ 8:20am

    On Monday, major indexes fell for the 3rd time in 4 sessions.  Volume fell on both exchanges.  Weak economic data was concerning for investors. 

    Weakening indicators (RSI & MACD) for the major indexes are signaling near-term CAUTION.  Orderly pullbacks on light volume would be beneficial for stocks to digest recent gains and 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):   1 (subscribers only)

    Closely Monitoring: 
    Wynn Resorts (NASDAQ:WYNN)
    Boeing (NYSE:BA)
    Family Dollar (NYSE:FDO)
    Companhia Siderugica (NYSE:SID)
    Nordstrom (NYSE:JWN)
    Broadcom (BRCM)
    Microchip (NASDAQ:MCHP)
    Manitowoc (NYSE:MTW)
    Baidu (NASDAQ:BIDU)


    View postings on StockCharts:

    Disclosure: Long 1 position (subscribers only)
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