Category: 2 – Technical Trader

The screens still generated more buys than sell signals on Monday despite the drop in the market. But as I reviewed the charts, the quality of those buy signals wasn’t great. They were late cycle, higher risk signals. On the other hand, there were still hardly any sell signals. For the week ended Monday, there were 47 charts with a second buy signal in a week, and just 9 with a second sell signal. Monday’s raw totals were 63 buys to 35 sells. On not one day last week did sell signals outnumber buys. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

I reviewed all of the charts from today’s screen results. I will add one on the short sale side, but with a limit price, and a protective stop in case it goes the wrong way. I added two on the buy side for the first time in 3 weeks. Non-subscribers click here for access.

We came into last week with 12 longs and 2 shorts on the list. I had stop prices on all of them. 4 of the longs hit their stops. The stops were too tight because a couple of them reversed and went higher. That left 8 longs and 2 shorts on the list to start this week. I adjusted stops on all of them. This is with the intent of closing out the longs as this rally ages. Non-subscribers click here for access.

As of Monday’s close, the average theoretical gain on the existing picks was 11.9% with an average holding period of 24 calendar days. That’s up from an average gain of 7.3%, with an average holding period of 20 days the week before. So we tacked on 4.6% last week. Non-subscribers click here for access.

November was a good month with 10 of 12 closed picks registering gains. Closed picks had an average gain of 5% with an average holding period of 15 calendar days. These results are theoretical, based on the assumption of all cash trades, no margin, no options.  Non-subscribers click here for access.

Table of picks and performance in the subscriber report. 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.

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.

The screens still generated more buys than sell signals again over the past week but the advance is tiring. For the week ended Monday, there were 18 charts with a second buy signal on Monday and 14 with second sell signals. That’s down from 61 to 2 on the buy side, the week before. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

I reviewed all of the charts from today’s screen results. For the first time in a long time I found two that I will add on the short sale side, but with protective stops in case they head out of the gate the wrong way. I did not like any of the buys. For the second straight week, I’m forgoing adding any buy side picks. Non-subscribers click here for access.

We come into last week with 18 longs on the list. I added stops to 11 of those and six of them got hit. That leaves 12 longs on the list to start this week. I added or adjusted stops on all of them. This is with the intent of closing them out as this rally ages. Non-subscribers click here for access.

As of Monday’s close, the average theoretical gain on the existing picks was 7.3% with an average holding period of 20 calendar days. That’s the same average gain as last week, with an average holding period of an additional week. In other words, the list treaded water last week. The gain for November so far is double October’s loss. Finally, some progress after treading water since July. Non-subscribers click here for access.

Table of picks and performance in the subscriber report. 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.

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.

The screens generated more buys than sell signals again over the past week. For the week ended Friday, there were 61 charts with a second buy signal on Friday and just 2 with second sell signals. The numbers are smaller but still overwhelmingly bullish.  Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

I reviewed all of the charts from today’s screen results. The two sells weren’t compelling enough to swim against the tide.  We already have so many buys on the list that I didn’t want to add more given that this rally has aged a bit. Some of these charts were interesting, but I took a pass this week.  Non-subscribers click here for access.

We come into this week with 18 longs on the list. I had no stops on any of them. This week I have added stops to 11 of them as they’re starting to look ready for the Thanksgiving table. The rest I will let ride for another week without stops.  As of Friday’s close, the average theoretical gain on the existing picks was 7.3% with an average holding period of 13 calendar days. This is now double October’s loss. Finally, some progress after treading water since July.  Non-subscribers click here for access.

Table of picks and performance in the subscriber report. 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.

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.

The screens generated more buys than sell signals over the past week. For the week ended Friday, there were 46 charts with a second buy signal on Friday and just 9 with second sell signals. Things are settling down after the huge surge in buy signals of the past few weeks.  Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

I reviewed all of the charts from today’s screen results. I chose 6 to add on the buy side and no sells. As usual, there will be no stops set for the first week. I also refrained from adding stops to the existing picks.  Non-subscribers click here for access.

Last week I had added 5 longs to the list with 7 previous buys and no shorts remaining from previous weeks. I had no stops indicated for any of the picks because it is early in the up phase and I want to allow room for shakeouts. As of Friday’s close, the average theoretical gain on the existing picks was 3.9% with an average holding period of 10 calendar days.  Non-subscribers click here for access.

Table of picks and performance in the subscriber report. 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.

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.

The screens generated few final signals in the aftermath of the big move. For the week ended Monday, there were just 40 charts with a second buy signal and 21 charts with second sell signals. That’s a big change from last week when there 123 buy signals and 79 sells. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

I reviewed all of the charts from today’s screen results. I chose six to add on the buy side and no sells. As usual, there will be no stops set for the first week. The charts were better looking on the long side this week, so I will roll with the existing picks without stops.

Table of picks and performance in the subscriber report. 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.

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.