The screens produced 29 charts with multiple buy signals as of the last two trading days. There were 25 charts with a second sell signal. Those were small numbers on both sides by recent standards. I reviewed all of the charts and found 7 that I liked as buys and no shorts. Non-subscribers click here for access.
Technical Trader subscribers click here to download the complete report.
2 existing buys and 1 existing short on the list hit stops last week. After these changes, and including the 7 new picks, there will be 12 longs and 4 shorts on the list this week. Non-subscribers click here for access.
The new picks will be added without stops. I have assumed risk mitigation through diversification and small position sizes. I have added or adjusted stops on all of the existing picks. Non-subscribers click here for access.
Last week was a decent week, with an average theoretical gain of 5.7% on an average holding period of 19 calendar days. That compared with an average theoretical gain of 4.2% on an average holding period of 17 calendar days the week before. Non-subscribers click here for access.
Picks closed out in August so far have had an average gain of 3.0% on an average holding period of 28 calendar days. Non-subscribers click here for access.
July was a breakeven month. June was strong with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. Non-subscribers click here for access.
The numbers assume all cash, no leverage, no margin, no options. Non-subscribers click here for access.
Table and charts in subscriber report. Non-subscribers click here for access.
Technical Trader subscribers click here to download the complete report.
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.
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.
Like this:
Like Loading...