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Swing Trade Screen Picks – Stick It

The market is doing its best to get us to go sit it out, but you gotta be in it to win it, so I’m adding a few shorts this week. With great trepidation, I might add. There’s just not much conviction here, since the screen output hasn’t been productive in many weeks.

Maybe that’s a good sign. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Including picks still open at the end of the week plus those stopped out during the week, the list had an average loss of 0.6% with an average holding period of 15 calendar days. That compares with a loss of 1 % with an average holding period of 13 calendar days, for the prior week.  Non-subscribers click here for access.

Screens of Friday’s closing price charts resulted in 47 stocks meeting preliminary buy side criteria versus 82 on the sell side. That compares with 21 buys and 136 sells the week before. These sell side tilts have been going on for a month, without results.  Non-subscribers click here for access.

Next, I counted the signals that were triggered on Friday alone. After applying these trigger filters, just 6 of the preliminary buys qualified on Friday, while 31 of the sells did. That’s a lot of sell signals. I picked a few of those to add to the list, but no buys this week.  Non-subscribers click here for access.

Five picks hit their stop prices last week. Dropping those leaves just 5 picks, including 1 buys and 4 short on the list for this week.  Non-subscribers click here for access.

I have adjusted stops for the remaining existing pick. Risk management is assumed via multiple small positions that won’t break the bank if they go wrong.  Non-subscribers click here for access.

Subscribers, see table of picks and charts in report. Non-subscribers click here for access.

For picks closed in May, it was a losing month. Picks closed out during the month had an average loss of 0.1% and an average holding period of 22 calendar days.  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.   Non-subscribers click here for access.

Past performance does not suggest future results.

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.

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Posted in 2 - Technical Trader
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