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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
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  • Major Indexes Holding Key Support, 100% CASH
    Major Indexes Holding Key Support, 100% CASH

    09/27      8:30am

     

    Major Indexes are BELOW 50 & 200dMA.

    Indicators are NEGATIVE and major indexes are testing critical support levels.
    Trade below may trigger institutional selling. 
     

    Climate is HIGH RISK....


    Focus is on stocks close to / meeting the CRITERIA.

    Candidates that emerge for consideration will be presented to you during the week.

     

    Selective Chartists Positions (with BUY price): None   100% CASH

     

    Closely Monitoring:

    Herbalife (HLF)

    Cerner (CERN)

    Watson Pharm (WPI)

    Bed Bath & Beyond (BBBY)

    Deckers (DECK)

    Hansen (HANS)

    Ross Stores (ROST)

    Starbucks (SBUX)

    Whole Foods (WFM)

    Nu Skin (NUS)

    Amazon (AMZN)

    Crocs (CROX)

    Colgate (CL)

     
    ETFs:  None


    Inverse Funds:      

    Dow 30 (DXD)      

    ProShares Short Dow 30 (DOG)       

    ProShares Short S&P 500 (SH)       

    QQQ (QID)       

    SP 500 (SDS)

     
    View the charts:

    Major indexes BELOW 50 & 200dMA and strongest stocks close / meeting the CRITERIA. 

    http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855


    On Monday, stocks staged a late rally fueled by European hopes for resolution to debt crisis. Volume was mixed. 
    Despite Monday's improvement, the market remains in a corrective phase until it flashes a confirmation signal. 
    Uncertainties continue to drag on the market curbing gains of the strongest stocks.

    This morning, futures are pointing to a HIGHER opening. 

    Sep 27 8:38 AM | Link | Comment!
  • Major Indexes Test Critical Support Levels
    Major Indexes Test Critical Support Levels, 2 Positions

    09/26      8:30am


    This morning, futures are pointing to a HIGHER opening. 

    Indexes are BELOW 50 & 200dMA.

    Indicators are NEGATIVE and major indexes are testing critical support levels.
    Trade below may trigger institutional selling. 
     

    Climate is HIGH RISK....


    Focus is on stocks close to / meeting the CRITERIA.

    Candidates that emerge for consideration will be presented to you during the week.

     

    Selective Chartists Positions (with BUY price):

    Cerner (CERN) $68.15 (Buy #1)

    Cerner (CERN) $70.39 (Buy #2)

     

    Closely Monitoring:

    Watson Pharm (WPI)

    Bed Bath & Beyond (BBBY)

    Deckers (DECK)

    Hansen (HANS)

    Ross Stores (ROST)

    Starbucks (SBUX)

    Whole Foods (WFM)

    Nu Skin (NUS)

     

    ETFs:  None

     

    Inverse Funds:      

    Dow 30 (DXD)      

    ProShares Short Dow 30 (DOG)       

    ProShares Short S&P 500 (SH)       

    QQQ (QID)       

    SP 500 (SDS)

     

    View the charts:

    Major indexes BELOW 50 & 200dMA and strongest stocks close / meeting the CRITERIA. 

    http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855

    Sep 26 8:57 AM | Link | Comment!
  • Stocks Set To Slide Lower, 2 Positions
    Stocks Set To Slide Lower, 2 Positions

    09/223     8:30am 

     

    Selective Chartists Positions (with BUY price):

    Cerner (CERN) $68.15
    Cerner (CERN) $70.39

     

    Closely Monitoring:


    Watson Pharm. (WPI)

    Starbucks (SBUX)

    Ebay (EBAY)

    Hansen (HANS)

    Whole Foods (WFM)


    Perrigo (PRGO)



    ETFs
    :  None


    Inverse Funds:      

    Dow 30 (DXD)      

    ProShares Short Dow 30 (DOG)       

    ProShares Short S&P 500 (SH)       

    QQQ (QID)       

    SP 500 (SDS)

     
    View the charts:

    Strongest stocks close / meeting the CRITERIA. 

     http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855


     


    On Thursday, weak economic data from China and Europe, along with continued selling from the Fed's down beat outlook hammered stocks. Volume spiked. The majority of stocks are in a defined down-trend and appear to be heading lower. Technical indicators are decisively negative.

    Major indexes remain below 50 & 200dMA signaling HIGH RISK climate.


    This morning, futures are displaying a LOWER opening.   

     

    Tags: CERN
    Sep 23 8:44 AM | Link | Comment!
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