For the week ended April 5, there were 60 charts with multiple buy signals as of the last two trading days. There were 53 multiple sells. Plenty of charts to visually review on both sides. Non-subscribers click here for access.
Technical Trader subscribers click here to download the complete report.
On the buy side, I did see lots of structural base breakouts that looked well supported. Most were in Utilities and Fixed Income. Yawn. I added one of them, and a couple of others that were more interesting in terms of beta. Non-subscribers click here for access.
On the sell side, I found 4 charts to add as shorts. Non-subscribers click here for access.
Of the two picks left over from last week, one hit its stop. The other is hanging out. The performance or lack thereof, of existing picks is shown on the table below (subscriber report). New picks will be tracked as of the 1 PM ET price on Thursday April 6. No stops this week. Non-subscribers click here for access.
Technical Trader subscribers click here to download the complete report.
The strategy and tactics opinions expressed in this report illustrate one particular approach to trading. No representation is made that it is the best approach, or even suitable for any particular investor. This is a developmental and experimental exercise, for the purpose of providing experienced chart traders with ideas and concepts to use or not use as they see fit.
Nothing in this letter is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical. The method behind these picks is experimental, and may change over time. I may trade my own account, and may buy, sell, sell short or cover short, or have positions in any of the stocks on the list at any time, based on a particular trading style that is unique to me. My entry and close out levels are likely to differ from those published due to the exigencies of my trading style and time constraints. I post these items in good faith for informational and educational purposes, and do not take positions in opposition to those which are published. All chart picks are actively traded stocks, and I assume that no subscriber to these reports, nor the total of all subscribers taking positions, would do so in a size that would influence the market price.
Performance tracking assumes 100% cash basis, no margin, no options. You should not assume that recent performance as reported can or will be repeated in the future. Trading involves risk of loss. In the case of options, the loss can be 100% of the amount invested. When leverage is used the loss can exceed the account equity under certain conditions.
The opinions expressed here assume that readers are experienced investors or are working with an investment advisor.
