The screens generated more buys than sell signals over the past week. For the week ended Friday, there were 46 charts with a second buy signal on Friday and just 9 with second sell signals. Things are settling down after the huge surge in buy signals of the past few weeks. Non-subscribers click here for access.
I reviewed all of the charts from today’s screen results. I chose 6 to add on the buy side and no sells. As usual, there will be no stops set for the first week. I also refrained from adding stops to the existing picks. Non-subscribers click here for access.
Last week I had added 5 longs to the list with 7 previous buys and no shorts remaining from previous weeks. I had no stops indicated for any of the picks because it is early in the up phase and I want to allow room for shakeouts. As of Friday’s close, the average theoretical gain on the existing picks was 3.9% with an average holding period of 10 calendar days. 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.