The screens generated more buys than sells for the week ended Monday. There were 123 charts with a second buy signal over the last two days of the period, and 79 charts with second sell signals. That was a shift from Friday, when sells dominated, but Monday’s rally flipped many charts into the buy column. There are a large number of borderline and whipsaw signals. Non-subscribers click here for access.
It’s difficult to be confident that this will stick, but it sets the market up for yet another Fed policy re-substantiation rally. So I’m putting the existing shorts already on the list on a tight leash with protective stops just above key resistance levels. And I am adding longs. Non-subscribers click here for access.
Table of picks and performance in the subscriber report. Non-subscribers click here for access.
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.