Subscribers: Download the full report here
The list will be 100% short this week. There are 3 new picks, all shorts.
Recent list performance has been lackluster as I missed the rally and the recent rangebound market only results in churn.
During the week ended Wednesday, June 19, out of 1589 stocks meeting institutional price and volume criteria:
Setups:
154 met major or intermediate trend buy setup criteria.
200 met major or intermediate trend sell setup criteria.
Tactics
For actionable trades, I focus on the most recent day’s signals from the previous screens for intermediate and long-term buy and sell setups. From those setups, Wednesday’s action produced 12 short-term buy signals and 5 sell signals. I visually reviewed the charts from the final filter.
Trade Selections and Adjustments
- 3 new picks, all shorts
- 3 picks stopped out or sold since last update
- 1 short to be closed based on the June 19 opening price
- Stops removed on remaining picks, which all set up well on the charts
- 7 picks will remain open this week including new picks
- All open picks are shorts
Table of picks and charts in subscriber report.
Non subscribers here for access.