Every week I run technical stock screens covering all NYSE and NASD stocks trading above $6 and averaging more than 1 million shares a day. This typically results in between 15 and 50 charts to review visually. I’m looking for low risk, high reward price structures, which I’m not smart enough to program into the screening process. But it’s ok. I like to look at charts. 😊
The list had an average gain of 6.0% with an average holding period of 15 calendar days last week. It was well positioned to ride the rally as all of the picks were buys. There were no shorts.
This table below shows how that compares with the previous 6 weeks. It was the best performance over this period.
| Week Ended | Gain/Loss | Average Days Held |
| 4/17/21 | +6.0% | 15 |
| 4/9/21 | +3.3% | 11 |
| 4/2/2021 | +1.2% | 4 |
| 3/26/21 | -1.6% | 6 |
| 3/19/21 | +1.4% | 9 |
| 3/12/21 | +4.7% | 10 |
| 3/05/21 | +1.2% | 10 |
This assumes cash trades, no margin, no options.
The current screen from charts as of the close on April 16, had 53 total signals with 30 buy signals against 23 sell short signals. The raw data table is below.
| Symbol | Buy | Sell | 500 | 200 | 125 | 50 | |
| AEP.O | 1 | 0 | 1 | 0 | 0 | 0 | |
| ASB | 1 | 0 | 0 | 0 | 0 | 1 | |
| BSBR.K | 1 | 0 | 0 | 0 | 0 | 1 | |
| CLVS.O | 1 | 0 | 0 | 0 | 0 | 1 | |
| CME.O | 1 | 0 | 0 | 0 | 0 | 1 | |
| CMO | 1 | 1 | 1 | 0 | 0 | 0 | |
| CNC | 1 | 0 | 0 | 1 | 0 | 0 | |
| D | 1 | 0 | 0 | 1 | 0 | 0 | |
| DAR | 1 | 0 | 0 | 0 | 0 | 1 | |
| DB | 1 | 0 | 0 | 0 | 0 | 1 | |
| EURN.K | 1 | 0 | 0 | 0 | 1 | 0 | |
| FUV.O | 1 | 0 | 0 | 1 | 0 | 0 | |
| GFI | 1 | 0 | 0 | 0 | 1 | 0 | |
| GLNG.O | 1 | 0 | 1 | 0 | 0 | 0 | |
| GME | 1 | 0 | 0 | 0 | 0 | 1 | |
| HFC | 1 | 0 | 1 | 0 | 0 | 0 | |
| HOLX.O | 1 | 0 | 0 | 0 | 1 | 0 | |
| ICLN.O | 1 | 0 | 0 | 1 | 0 | 0 | |
| JPM | 1 | 0 | 0 | 0 | 0 | 1 | |
| PEB | 1 | 0 | 0 | 0 | 0 | 1 | |
| PLUG.O | 1 | 0 | 0 | 1 | 0 | 0 | |
| PNC | 1 | 0 | 0 | 0 | 0 | 1 | |
| SCCO.K | 1 | 0 | 0 | 0 | 0 | 1 | |
| SFL | 1 | 0 | 0 | 1 | 0 | 0 | |
| SNV | 1 | 0 | 0 | 0 | 0 | 1 | |
| VERU.O | 1 | 0 | 0 | 0 | 1 | 0 | |
| VZ | 1 | 0 | 1 | 0 | 1 | 0 | |
| WEC | 1 | 0 | 0 | 1 | 0 | 0 | |
| WIT | 1 | 0 | 0 | 0 | 0 | 1 | |
| ZSL | 1 | 0 | 0 | 0 | 0 | 1 | |
| AGG | 0 | 1 | 0 | 0 | 0 | 1 | |
| AMD.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| BTBT.O | 0 | 1 | 0 | 0 | 1 | 0 | |
| CCJ | 0 | 1 | 0 | 0 | 0 | 1 | |
| DVN | 0 | 1 | 0 | 0 | 0 | 1 | |
| IUSB.O | 0 | 1 | 1 | 0 | 0 | 0 | |
| NCLH.K | 0 | 1 | 0 | 0 | 0 | 1 | |
| NTNX.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| PACB.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| PAGP.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| PBCT.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| PD | 0 | 1 | 0 | 0 | 1 | 0 | |
| PLAN.K | 0 | 1 | 0 | 1 | 0 | 0 | |
| SGEN.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| SLV | 0 | 1 | 0 | 0 | 1 | 0 | |
| SPLB.K | 0 | 1 | 1 | 0 | 0 | 0 | |
| SPLK.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| VCLT.O | 0 | 1 | 1 | 0 | 0 | 0 | |
| VCSH.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| VMBS.O | 0 | 1 | 0 | 0 | 0 | 1 | |
| WEN.O | 0 | 1 | 0 | 1 | 0 | 0 | |
| WMB | 0 | 1 | 0 | 0 | 0 | 1 | |
| Totals | 30 | 23 | 8 | 9 | 8 | 28 |
I chose 4 buys, no sells to add to the pick list this week. In addition I am adding the following stock from Thursday’s list #########.
Want to know what those picks are, along with the 5 still on the list from last week? You can subscribe to the Technical Trader service and find out. New subscribers can try it risk free for the first 90 days.
The total number of signals has been generally trending down since the March 27 surge of 163 signals, of which 155 were buys. This diminution is normal as a trend progresses. Initial surges occur at significant intermediate term turning points. They generate residual momentum for several weeks.
The current small edge to the buy side suggests that the uptrend is losing momentum. But we’d need to see a big increase in sell signals, with a big edge to that side, before a significant market downturn.
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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.
