Author: Lee Adler

The market shifted into trending mode last week when it looked set up for a short-term down phase. The advance could become open ended, with no projections to tell us where to look for a top, if it exceeds the revised 10-12 month cycle projection of xxxx. It looks and feels like an end stage blowoff, where only a few big stocks are driving the advance in the S&P. Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

Late July is prime time for the xxx-week and xxx month cycle xxxs. However, the 6-month cycle has been dominant and it points towards late xxxxxxxx for the ideal window for a cycle high. Non subscribers click here to access.

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These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. 

List performance has been lackluster for the past two months and this week is the Fourth of July week. Seems like a good time to take a break. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Just to be sure, I reviewed 41 buy side stocks and 16 on the sell side that met both trigger and cycle structure criteria, and my reaction was meh! It looked like just more probable whipsaw setups. Given the macro TA, the count of 41 buys and 16 sells looks suspicious to begin with. I always go by the rule, Don’t trust, but verify. So I did. Non-subscribers click here for access.

So many whipsaws, so little time. That’s been the nature of this market. While the market averages crawled higher as a few mega cap stocks that drive the averages trended higher, most issues have been whipsawing in trading ranges. Going nowhere fast. Non-subscribers click here for access.

The problem is that that kind of action generates lots and lots of swing trade signals in my screens. With few breakouts following those rangebound, there are no big winners to carry the day. The system works, and is designed to work, when even a handful of stocks break out of those ranges following the signals. Lately, that just has not been happening. They’re staying stuck. And then the signals reverse quickly. Non-subscribers click here for access.

So last week the list’s average gain came to 1.3% on an average holding period of 11 calendar days. The week before the list had an average loss of 0.6% with an average holding period of 15 calendar days. In other words, going nowhere fast. Non-subscribers click here for access.

This weekend I was curious to see how many unfiltered short term buy and sell signals there were. The results were eye opening. Or eye watering. On Friday alone, 364 buy signals triggered, and 370 sell signals, out of the 1400 stocks that met minimum price and volume criteria. In other words, more than half the stocks in the market generated short-term signals on Friday. And they were evenly divided between buy and sell signals. And this market is supposedly going somewhere? Non-subscribers click here for access.

I don’t think so. Non-subscribers click here for access.

So let’s sit out this week. I’m closing all theoretical picks except one as of Monday’s opening price. Enjoy your holiday.Non-subscribers click here for access.

Meanwhile, I will sit back and watch the charts for a bit to see if the makings of a trend begin to coalesce. The macro analysis Magic 8 Ball says, “Not very likely,” in the short run. Maybe later in July, a few cycles should sync up for a late summer move. That’s what I’ll be looking for in the individual charts that the screens produce. The odds are that it won’t happen this week or the next. Non-subscribers click here for access.

There’s no stop on the one remaining open pick. Normally, risk management is assumed via multiple small positions that won’t break the bank if they go wrong. In this case, risk management is achieved by holding lots and lots of cash and just one small pick for a trade, not a big risk for trader-kind. Non-subscribers click here for access.

Chart picks tracking table and charts, below. 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.

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. 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.

THANK YOU FOR YOUR SUPPORT!

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.

Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. 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.

THANK YOU FOR YOUR SUPPORT!