Major Indexes ABOVE 50 & 200dMA, 4 Positions

Jan. 11, 2012 8:52 AM ET
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Contributor Since 2010

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 resulting in an exceptional record of winning trades. Through the day, scans produce a narrow list of candidates positioned for higher levels short-term. Subscribers are notified when price targets are triggered. All reports are available for public viewing by visiting our archive section. Whether you are a novice or seasoned trader, Selective Chartists can enhance your probability to make money and save hours of your time. Please take the time to navigate: www.selectivechartists.com. I am a speaker at educational forums, featured guest on national radio programs focusing on stock market activity and author of the instructional publication: The ART Of The CHART - A Guide To Knowing When and Why To Buy & Sell Stocks.Try our 30-day risk FREE trial and receive your complementary copy (Ebook).
Major Indexes ABOVE 50 & 200dMA, 4 Positions

01/11     8:30am


On Tuesday, major indexes gained ground as some basing stocks spiked resulting in breakouts. Volume rose across the board. A positive technical development occured as each of the major indexes are now ABOVE 50 & 200dMA. In general, Tuesday's action significantly improved the technical indicators and heavier volume confirms institutions are dipping into the waters...  

This morning, stock futures are displaying a modestly lower opening. 


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

 
Selective Chartists Positions (with BUY price): 

Cabot Oil (COG) $78.95 (Buy #1)
Cabot Oil (COG) $81.70 (Buy #2)
Caterpillar (CAT) $99.85
Wellpoint (WLP)

Note: SOLD LULU (on Tue.) locking in a 14.4% GAIN



Closely Monitoring:

Tempur-Pedic (TPX)

SanDisk (SNDK)

Xilinx (XLNX)

KLA-Tencor (KLAC)

Tyco (TYC)

Coach (COH)

Nike (NKE)

Analog Devices (ADI)

Altera (ALTR)

3M (MMM)

Cisco (CSCO)

Alexion (ALXN)

CF Ind (CF)

Occidental Petro. (OXY)

F5 (FFIV)


 

ETFs:

Semiconductor Index (SMH)
Homebuilders Index (XHB)
Energy Sector (XLE)
Industrial Sector (XLI)
Russell 2000 ishaes (IWM)

These 5 ETFs are meeting the CRITERIA and are ready for purchase NOW.....


View the charts:  

Major Indexes displaying positive biased indicators, Strongest Stocks & ETFs close / meeting CRITERIA

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

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