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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
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  • Stocks Due For Pullback, 8 Positions
    Stocks Due For Pullback, 8 Positions

    02/10 8:45am

    RSI indicator for major indexes is 70 + suggesting EXTENDED / Overbought & Momentum (MACD) is weakening. Numerous leading stocks are displaying mixed indiators suggesting we may be ready for a pullback. Pullbacks on LIGHT volume would be healthy to digest gains & rebuild momentum. Be sure to employ stop-loss limits (Max. 7% from buy price which should be 5% within pivot point).

    This morning, futures are pointing to a LOWER opening.

    Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).

    Selective Chartists Positions (with BUY price):

    BioMarin Pharm (NASDAQ:BMRN) $37.28 (Buy #1)
    BioMarin Pharm (BMRN) $37.68 (Buy #2)

    Jazz Pharm (NASDAQ:JAZZ) $49.90 (Buy #1)
    Jazz Pharm (JAZZ) $50.10 (Buy #2)
    Jazz Pharm (JAZZ) $50.81 (Buy #3)

    Apple (NASDAQ:AAPL) $492.00

    Citirix (NASDAQ:CTXS) $71.02
    Whole Foods (NASDAQ:WFM)$79.82

    Closely Monitoring:

    NVDIA (NASDAQ:NVDA)
    Hartford Financial (NYSE:HIG)
    Allergan (NYSE:AGN)
    United Tech (NYSE:UTX)

    McDonalds (NYSE:MCD)
    Nordstrom (NYSE:JWN)
    American Express (NYSE:AXP)
    KB Home (NYSE:KBH)
    Pulte (NYSE:PHM)
    Altera (NASDAQ:ALTR)
    Micron (NASDAQ:MU)
    Apache (NYSE:APA)
    Stone Energy (NYSE:SGY)
    Advanced Auto Parts (NYSE:AAP)
    Salesforce (NYSE:CRM)
    Acme Packet (NASDAQ:APKT)
    speculative (may be a turnaround - does NOT meet criteria)

    ETFs: IWM, SMH, XHB, XLE, XLI, XLF

    View the charts:

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

    Feb 10 9:06 AM | Link | Comment!
  • RSI Displaying EXTENDED, 11 Positions
    RSI Displaying EXTENDED, 11 Positions

    02/09 8:45am

    On Wednesday, major indexes shook off early losses to close modestly higher, as investors kept an eye on Greek bailout talks. Volume rose across the board. The indexes have ended near session highs for 4 straight sessions. The 50 / 200dMA crossover for major indexes has occured and is a signal of a BULLISH scenario suggesting higher levels may lie ahead. However, then RSI indicator for major indexes is 70 + suggesting EXTENDED / Overbought. Numerous leading stocks are displaying mixed indiators suggesting we may be ready for a pullback. Pullbacks on LIGHT volume would be healthy to digest gains & rebuild momentum. Be sure to employ stop-loss limits (Max. 7% from buy price which should be 5% within pivot point price).

    This morning, futures are pointing to a HIGHER opening.

    Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).

    Selective Chartists Positions (with BUY price):

    Under Armor (NYSE:UA) $79.38
    Check Point (NASDAQ:CHKP) $57.59

    VMware (NYSE:VMW) $95.54 (Buy #2)

    BioMarin Pharm (NASDAQ:BMRN) $37.28 (Buy #1)
    BioMarin Pharm (BMRN) $37.68 (Buy #2)

    VMware (VMW) $94.44 (Buy #1)

    Polaris (NYSE:PII) $67.68

    Jazz Pharm (NASDAQ:JAZZ) $49.90 (Buy #1)
    Jazz Pharm (JAZZ) $50.10 (Buy #2)
    Jazz Pharm (JAZZ) $50.81 (Buy #3)

    Citirix (NASDAQ:CTXS) $71.02

    Closely Monitoring:

    NVDIA (NASDAQ:NVDA)
    Hartford Financial (NYSE:HIG)
    Allergan (NYSE:AGN)
    United Tech (NYSE:UTX)

    McDonalds (NYSE:MCD)
    Nordstrom (NYSE:JWN)
    American Express (NYSE:AXP)
    KB Home (NYSE:KBH)
    Pulte (NYSE:PHM)
    Altera (NASDAQ:ALTR)
    Micron (NASDAQ:MU)
    Apache (NYSE:APA)
    Stone Energy (NYSE:SGY)
    Acme Packet (NASDAQ:APKT)
    speculative (may be a turnaround - does NOT meet criteria)

    ETFs: IWM, SMH, XHB, XLE, XLI, XLF

    View the charts:

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

    Disclosure: I am long UA, CHKP, BMRN, VMW, JAZZ, CTXS.

    Feb 09 9:02 AM | Link | Comment!
  • Major Indexes Achieve 50 / 200 DMA Crossover, 11 Positions
    Major Indexes Achieve 50 / 200dMA Crossover, 11 Positions

    02/08 8:50am

    On Tuesday, the indexes touched inraday lows in the 1st half hour, then rebounded on fresh jobs data. Volume rose across the board. The 50 / 200dMA crossover has occured and is a signal of a BULLISH scenario suggesting higher levels may lie ahead.

    This morning, futures are pointing to a HIGHER opening.

    Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).

    Selective Chartists Positions (with BUY price):

    Under Armor (NYSE:UA) $79.38
    Check Point (NASDAQ:CHKP) $57.59

    VMware (NYSE:VMW) $95.54 (Buy #2)

    BioMarin Pharm (NASDAQ:BMRN) $37.28 (Buy #1)
    BioMarin Pharm (BMRN) $37.68 (Buy #2)

    VMware (VMW) $94.44 (Buy #1)

    Polaris (NYSE:PII) $67.68

    Jazz Pharm (NASDAQ:JAZZ) $49.90 (Buy #1)
    Jazz Pharm (JAZZ) $50.10 (Buy #2)
    Jazz Pharm (JAZZ) $50.81 (Buy #3)

    Citirix (NASDAQ:CTXS) $71.02

    Closely Monitoring:

    McDonalds (NYSE:MCD)
    Nordstrom (NYSE:JWN)
    American Express (NYSE:AXP)
    Beazer (NYSE:BZH)
    KB Home (NYSE:KBH)
    Pulte (NYSE:PHM)
    Altera (NASDAQ:ALTR)
    Cerner (NASDAQ:CERN)
    Acme Packet (NASDAQ:APKT)
    speculative (may be a turnaround - does NOT meet criteria)

    ETFs: IWM, SMH, XHB, XLE, XLI, XLF

    View the charts:

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

    Disclosure: I am long UA, CHKP, BMRN, WMW, PII, JAZZ, CTXS.

    Feb 08 9:00 AM | Link | Comment!
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