Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Select Stocks Working Higher, 6 Positions

|Includes: AKAM, Baidu, Inc. (BIDU), CTRX, MRVL
10/28  @ 8:30am


On Wednesday, major indexes finished mixed on modestly higher volume on both exchanges. 

Major indexes are trading at overhead resistance levels.  The vast majority of leading stocks are EXTENDED.  Candidates meeting the criteria are evolving but it is now a "stock pickers market". 

This morning, futures are pointing to a HIGHER opening. 

Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.


Selective Chartists Positions (with BUY price):   
Baidu (NASDAQ:BIDU) $102.13 (Buy #3)
Baidu (BIDU) $100.84 (Buy #4)
Baidu (BIDU) $102.61 (Buy #5)
Akamai (NASDAQ:AKAM) $50.34
Marvell (NASDAQ:MRVL) $18.38
Citrix (NASDAQ:CTXS) $64.57


 

Closely Monitoring: 

US Bancorp (NYSE:USB)
DreamWorks (NASDAQ:DWA)
Novellus (NVLS)
Akamai (AKAM)
Deckers (NASDAQ:DECK)
TJ Max (NYSE:TJX)
Goldman Sachs (NYSE:GS)
Baidu (BIDU)
Mosaic (NYSE:MOS)
Marvell (MRVL)
Citrix (NASDAQ:CTRX)
OmniVision (NASDAQ:OVTI)
NetLogic (NASDAQ:NETL)
Skyworks (NASDAQ:SWKS)
VMware (NYSE:VMW)

ETFs:  SMH


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

Disclosure: Long: 6 Positions (subscribers only)