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Reset Week Leaves List Uncomfortable

Using the new extended period filters, last week there were just 19 final buy signals against 67 sell signals. I looked at all of the charts and added none this week. The list is already loaded with buys, and I didn’t like the charts on the sell side. Either they had already been declining for too many weeks, or they were still in uptrends, with prices dipping to support. Neither setup represents ideal entry points for reduced risk, high reward. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Picks closed out in August had an average theoretical gain of 3.7% on an average theoretical holding period of 26 calendar days, just under 4 weeks. With the revised methodology, I’d like to see that stretched out a bit more.  Non-subscribers click here for access.

8/7/23 July had been difficult. After starting off with a string of losses on closed picks, the month ended at dead breakeven on the basis of a good last two weeks. Just 59% of the picks were winners, and the result was only a breakeven. I marvel at those options tout services who report 1000% gains month after month. But I wonder why they don’t own the world.  Non-subscribers click here for access.

7/10/23 June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days.  Non-subscribers click here for access.

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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 report is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical.

The public facing report is not the complete report. Only subscribers have access to the full report and regular tracking of the theoretical picks and closeouts made in the reports.

Posted in 2 - Technical Trader
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