Weekly Chart Picks: Long and Short Opportunities for Traders
Happy New Year from Liquidity Trader!
Start your trading year strong with our latest market analysis and chart picks. This week, our screens revealed 133 charts meeting long-term structural buy criteria, while 500 charts hit long-term sell criteria. Notably, this marks two consecutive weeks where nearly one-third of all stocks screened met sell conditions, signaling increased short-selling opportunities as we head into the new year.
Key Highlights:
- Long-Term Buys: 133 stocks met structural buy criteria.
- Long-Term Sells: 500 stocks flagged for structural sell criteria.
- Intermediate Analysis: 132 of the buy setups also matched intermediate buy triggers, while 499 sell setups aligned with intermediate sell signals.
- Short-Term Triggers: 11 short-term buys and 41 short-term sells were identified.
Visual Review Insights:
Upon closer examination, none of the buy setups stood out, while only one sell short presented a viable entry point. Many charts with sell signals have already moved, limiting ideal entry options at this time.
Performance Recap:
Five picks dropped off the list last week. Across all open and closed positions, the list achieved an average gain of 10.1% over an average holding period of 30 days. This is an improvement from the 7.6% gain in the prior week with a 31-day average holding period.
For December, after cutting losses earlier in the month, the average gain stands at 3.7% over a 29-day average holding period.
Download the Full Report:
Subscribers can click to download the full report with charts and analysis of open and new picks.
Non-subscribers, gain access to the full report by clicking here.
Disclaimer:
All chart picks are theoretical, based on technical screens, for informational purposes, and assume cash-based strategies without margin or options. Past performance does not indicate future results.
For detailed insights and ongoing market updates, visit Liquidity Trader.
