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The list currently has an average loss of -7.0% on an average holding period of 19 calendar days, the worst ever sustained performance of this cycle screening methodology. I have been cautious, with the list having only about 20-25% of the trades open that it would usually have.
I believe that the behavior of the list in the last couple of weeks indicates a market undergoing major transition, where cyclical factors appear conducive to supporting external shock. …
I have chosen 4 short sales this week ….
Cumulative lists of longer-term setups:
- 395 resting big gainers, up from 383 last week
- 434 sleeping dogs, up from 429 last week.
- 167 breakout charts last 9 months- up from 156 last week
- 121 breakdown charts last 9 months – up from 120
Weekly screens of cycle positions.
- 109 met strict major or intermediate trend buy setup criteria, down from 151. Of all bullish longer-term setups, 24 charts triggered short term buy signals, up from 18 the prior week (note this includes those that triggered since the beginning of the week).
- 42 met strict major or intermediate trend sell setup criteria, down from 42. Of all bearish longer-term setups, 10 charts triggered short term sell signals, up from 9 the prior week.
Table in subscriber report. Non subscribers, click here for access.