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Focus On Stocks Holding ABOVE 50dMA,100% CASH

|Includes: ADSK, BAX, BTU, DECK, LDK, LRCX, TPR, Trina Solar Limited (TSL)

02/23  8:30am

On Tuesday, stocks sold-off broadly fueled by crisis in Libya. Volume was heavy across the board. Reduced energy output contributed to igniting the decline.

This morning, futures are pointing to a HIGHER opening.

Focus is on stocks close to / meeting the CRITERIA:  At this time, there are very few candidates close to the criteria.  Selective Chartists is in process of identifying stocks holding ABOVE 50dMA.  Once the market snaps-back, stocks fiding support at 50dMA may be the leaders.

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

Closely Monitoring: 
Trina Soldar (NYSE:TSL)
Autodesk (NASDAQ:ADSK)
Baxter (NYSE:BAX)
Coach (COH)
Lam Research (NASDAQ:LRCX)
Peabody Energy (NYSE:BTU)

View the charts: