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Major Indexes Testing 50 & 200dMA Crossover, 3 Positions

|Includes: AVGO, Baidu, Inc. (BIDU), BRK.A, CAT, CMI, CREE, CRM, CRUS, CTSH, DELL, FFIV, HSY, INTC, NFLX, NTAP, NVLS-OLD, WDC

 

07/15   @ 8:45am

On Wednesday, stocks ended a see-saw session mixed weighed by the Fed's weaker economic forecast.  Volume fell across the board.


This morning, futures are pointing to a HIGHER opening. 

Major indexes are once again testing the 50 & 200dMA crossover.  RSI & MACD indicators are positive biased suggesting higher levels may lie ahead. 

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


Selective Chartists Positions (with BUY price): 
SanDisk (SNDK) $45.85 (Buy #1)
SanDisk (SNDK) $46.74 (Buy #2)
Baidu (NASDAQ:BIDU) $74.86


Closely Monitoring: 
Baidu (BIDU)
EMC (EMC)
Network Appliance (NASDAQ:NTAP)
Hershey (NYSE:HSY)
Broadcom (BRCM)
Cirrus (NASDAQ:CRUS)
Netflix (NASDAQ:NFLX)
SanDisk (SNDK)
Salesforce (NYSE:CRM)
F5 Networks (NASDAQ:FFIV)
Cree (NASDAQ:CREE)
Caterpillar (NYSE:CAT)
Novellus (NVLS)
Intel (NASDAQ:INTC)
Cognizant Tech (NASDAQ:CTSH)
Lubrizol (LZ)
Cummins (NYSE:CMI)


ETFs:  
XLU
SMH

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



Disclosure: SanDisk (SNDK), Baidu (BIDU)