Menu Close

Swing Trade Screen Picks – Plunging

No, the market isn’t plunging. I’m plunging on the buy side.  Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

List performance was positive last week. Including picks still open at the end of the week plus those stopped out during the week, the list had an average gain of 2.3% with an average holding period of 18 calendar days. That compared with the previous week’s average gain of 1.5% with an average holding period of 17 calendar days.  Non-subscribers click here for access.

The latest screens resulted in 79 stocks meeting preliminary buy side criteria versus only 18 on the sell side. That compares with 74 buys and 32 sells the week before. Sells have all but disappeared, and buys are holding steady at a low level.  Non-subscribers click here for access.

Next, I counted the signals that were triggered on Friday alone. After applying these trigger filters, just one of the 11 sells qualified on Friday, while 11 of the buys did. That does not signify broad thrust, but it’s a bigger number than we have seen lately. I liked 7 of the buys enough to take flyers and add to the list. The one sell that triggered had a nice ugly chart, so I will also add that one on the sell side. I will start tracking as of Tuesday this week, with Monday having been a holiday.  Non-subscribers click here for access.

Three picks hit stop prices last week. Dropping those and adding the 8 new ones, will leave 10 buys and 2 shorts on the list for this week. The 10 buys is a big number relative to the last couple of months, but consistent with the numbers in the past when the market was trending.  Non-subscribers click here for access.

I have added or adjusted stops for several existing picks. New picks are added without stops. Risk management is assumed via multiple small positions that won’t break the bank if they go wrong.  Non-subscribers click here for access.

For all picks closed out in April the average gain was 15.2% on an average holding period of 34 calendar days. Of those 7 were buys and 4 were shorts. 9 of the 11 picks closed out were profitable.  Non-subscribers click here for access.

Past performance does not suggest future results.  Non-subscribers click here for access.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

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.

This public report is not the full report.  Only subscribers have access to the full report and regular tracking of the theoretical picks and closeouts made in the reports.  Non-subscribers click here for access.

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”

If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.


Posted in 2 - Technical Trader
%d bloggers like this: