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.
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