Last week I wrote that the 6 month cycle low setup was forming. Was this rally the beginning of the up phase? While we don’t have 6 month cycle indicator confirmation yet, my best guess is that it was the beginning of the upturn in the 6 month and 10-12 month cycles. And there are signs of potential acceleration. This report shows you the levels that would signal another upsurge, along with the targets for the move, and stock charts that look favorably positioned to participate and potentially outperform.
Chart picks did well last week. With a dozen picks last Monday, all on the buy side, the list was well positioned to take advantage of the rally. Including the short sale that was closed with a loss on Monday’s open, the list showed an average gain of 4.7%, assuming 100% cash basis, no margin or options, with an average holding period of 10 calendar days, as of Monday, March 15.
I am adding 4 new picks, all buys, as of Monday’s open.
The screens generated 27 charts with the kinds of signals I look for. 16 of those were buys. One of the sells was an inverse ETF. Therefore 17 of the 27 signals were bullish. This is somewhat less than each day for the previous week, when buys were running 90-95% of the screen results.
These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.