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.
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