Category: 2 – Technical Trader

The screens produced 171 charts with multiple buy signals as of the last two trading days. There were 42 charts with a second sell signal. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Last week was a good week for the longs on the list and another bad week for the shorts.  Picks closed out last week or currently open, show an average theoretical gain of 4.9% on an average holding period of 26 calendar days. 69% of the picks show gains. 31% have losses. The numbers assume all cash, no leverage, no margin, no options. show losses. Non-subscribers click here for access.

The month of July as a whole was difficult. After starting off with a string of losses on closed picks, the month ended at dead breakeven on closed picks,  thanks to the good last two weeks. 63% of the picks were winners, but the result was only a breakeven. I marvel at those options tout services who report 1000% gains month after month. But I wonder why they don’t own the world. Non-subscribers click here for access.

June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Table in report. Non-subscribers click here for access.

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I’m adding 2 shorts to the list, against 0 buys. With 19 longs already on the list, and the uptrend aging, I’m reluctant to add more at this point. Consequently, I did not review the buy signal charts. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

The screens produced 127 charts with multiple buy signals as of the last two trading days of the past week. There were 78 charts with a second sell signal. We have enough buys on the list, and with the age of the uptrend, I’m more willing to look at the short term sell signals. What I saw were a lot of sell signals within uptrends. I’m not a fan of trying to pick countertrend top swing trades. Too often the pullbacks are shallow, or don’t happen at all. Non-subscribers click here for access.

Two shorts hit stops last week. I’m closing out another one based on the opening price this morning. After these changes, there will now be 25 active picks on the list of which, 19 are buys, and 7 are shorts. Non-subscribers click here for access.

Last week was a good rebound week for us after a bad start in the first week of the month.. Picks closed out last week, or currently open, show an average theoretical gain of 4.1% on an average holding period of 20 calendar days. Non-subscribers click here for access.

However, so as not to mislead, 12 picks closed out so far in July have all been losers, in honor of cut your losses and let your profits run. I’ll do a full accounting of the month next week. For now, including open positions, the month is a hair above break even. Non-subscribers click here for access.

7/10/23 June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. The numbers assume all cash, no leverage, no margin, no options. Non-subscribers click here for access.

I have adjusted or added stops on just a few of the picks. The rest I have left without stops because the price and indicator patterns are good, so I will let those ride, with the assumption of risk mitigation through diversification and small position sizes. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Table in report. Non-subscribers click here for access.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

I’m adding 5 shorts to the list, against 3 buys.

Swing trade stock screens produced 106 charts with multiple buy signals as of the last two trading days of the past week. There were 80 charts with a second sell signal. That’s a significant number on both sides. Most were whipsaw signals. But I did see a few nice setups on both sides when I reviewed the screen output. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Two shorts hit stops last week. I’m closing out one of the buys based on the opening price this morning. After these changes, there will now be 27 active picks on the list, 22 buys, and 5 shorts. Non-subscribers click here for access.

Last week was a good rebound week for us after a bad start in the first week of the month.. Picks closed out last week, or currently open, show an average theoretical gain of 3.6% on an average holding period of 19 calendar days. Non-subscribers click here for access.

7/10/23 June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. The numbers assume all cash, no leverage, no margin, no options. Non-subscribers click here for access.

I have adjusted or added stops on just a few of the picks. The rest I have left without stops because the price and indicator patterns are good, so I will let those ride, with the assumption of risk mitigation through diversification and small position sizes. Non-subscribers click here for access.

Table in report. Non-subscribers click here for access.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

It’s early yet. Start badly, end up goodly, right?

Swing trade stock screens produced 137 charts with multiple buy signals as of the last two trading days of the past week. There were 115 charts with a second sell signal. The big numbers on both sides were mostly due to whipsaw signals as stocks traded back and forth within tight ranges. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

On reviewing the charts, I saw nothing interesting on the sell side. Non-subscribers click here for access.

I liked 7 charts on the buy side, after reviewing only two-thirds of that list. At that point, I stopped because I want to hold the list to a manageable size. Most of the buys were in oil services. Non-subscribers click here for access.

There will now be 22 active picks on the list, 20 buys and 2 shorts. July has gotten off to a poor start, Picks closed out last week, or currently, open show an average theoretical loss of 1.4% on an average holding period of 22 calendar days. June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. The numbers assume all cash, no leverage, no margin, no options. Non-subscribers click here for access.

I have adjusted or added stops on many of the picks. Others I have left without stops because the price and indicator patterns are good, so I will let those ride, with the assumption of risk mitigation through diversification with small position sizes. Non-subscribers click here for access.

Table in report. Non-subscribers click here for access.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

Swing trade stock screens produced 208 charts with multiple buy signals as of the last two trading days of the past week. There were just 24 charts with a second sell signal. The prior week’s plurality of sell signals whipsawed bigly! With that many charts to review on the buy side, I didn’t get through all of them. But even while only looking at around two thirds of the 208, I still found 7 that I liked enough to add to the list. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

I refrained from adding any sells. The whiplash injury to my neck from the previous week prevented me from putting any more shorts on the list. Non-subscribers click here for access.

Average swing trade chart pick theoretical profit slipped from 9.7% to 6.7% last week, on an average holding period of 25 calendar days. Some profits were culled, with 7 picks closed out, as shown on the table below. On all trades closed out in June, the average profit per theoretical trade was 5.9% on an average holding period of 33 calendar days. That assumes all cash purchase and sale, no margin, no options. Non-subscribers click here for access.

There are now 21 active picks on the list, 15 buys and 6 shorts. Non-subscribers click here for access.

I have adjusted or added stops on many of the picks. Others I have left without stops because the trends are good and I don’t want to get picked off early, so I will let those ride. Non-subscribers click here for access.

Table in report. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days!