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: 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)




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


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