Category: 2 – Technical Trader

I keep looking for meaningful signs of weakness, but it’s like grasping at straws. Even Friday’s downtick didn’t change that. This report shows exactly why I say that and gives some keys to look for as signs that change is a comin’.  Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

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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. 

The 10-12 month cycle projection now points at xxxx. There are hints of the expected 6-month and 13-week cycle tops getting started, but nothing definitive. The low end of the 13-week cycle projection has been hit. The upper projection range of xxxx is still possible. Prices need to break to confirm a top. Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

Here are the keys to triggering a turn, and the outlook for what kind of turn it will be.    Non subscribers click here to access.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

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. 

Cycle indications say that the market “should” top out imminently. But what if the rally continues this week. Then we’re probably looking at a blowoff move to xsxx-xxxx, with the potential to reach xxxx in August.  Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

Cycles-  The 10-12 month cycle projection is now xxxx. The 6 month and 13 week cycles have yet to show evidence of the expected tops in this time window. However, the 13 week cycle projection has been hit, and the low end of the 6 month cycle projected range has been reached. Upside from here looks limited to not more than x-x%. Non subscribers click here to access.

Monthly Chart – If the market ends July above xxxx, it would then be in the clear for a move to xxxx in August. Non subscribers click here to 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! 

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. 

Swing trade stock screens produced 40 charts with multiple buy signals as of the last two trading days of the past week. There were just 61 charts with a second sell signal. That’s a switch from prior weeks when there were far more buy than sell signals. But the numbers are small on both sides, suggesting a lack of breadth, momentum, and conviction. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Average swing trade chart pick theoretical profit slipped from 10.8% to 9.7% last week, on an average holding period of 28 calendar days. Some profits were culled, with 6 picks closed out, as shown on the table below. 3 of the 4 new picks were losers, hurting performance, but I want to give them time to back and fill, as is normal before moves take hold. Non-subscribers click here for access.

After reviewing the charts with signals, I added two buys to the list. One was a chart that made the list in early June, but went down and picked off a stop I placed last week. It then recovered and triggered new buy signals. I still like the chart. Non-subscribers click here for access.

I found 6 setups I liked on the sell side and added those to the list as shorts. This is a shift from the recent pattern of adding almost entirely buys, and few or no sells. Non-subscribers click here for access.

These moves, along with the new additions will leave 14 buys and 7 shorts on the list over the coming week. Non-subscribers click here for access.

Whenever the list profit has reached an average of 10%, as it did for a couple of weeks this month. While many charts are extended, and a few have started to pull back from or near resistance levels, I’m not seeing signs of a significant reversal here yet. However, a pause or consolidation looks likely. Non-subscribers click here for access.

I have adjusted or added stops on many of the picks. Others I have left without stops because the trends are good and I don’t want to get picked off early, so I will let those ride. 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! 

Swing trade stock screens produced 121 charts with multiple buy signals as of the last two trading days of the past week. There were just 42 charts with a second sell signal. That’s roughly the same ratio as the week before. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Average swing trade chart pick theoretical profit rose to 10.8% last week, on an average holding period of 27 calendar days. Whenever the list profit has reached an average of 10% over the past 18 months, the market has subsequently reversed. While many charts are extended, and/or at or near resistance levels, I’m not seeing signs of reversal here yet. Non-subscribers click here for access.

I’m adding four late cycle buy signals to the list. Picking up laggards is risky when a rally is this far along but I liked these charts enough to add them to the list. There were more that I could have added and didn’t because the list is already so loaded. Those that I did add were the best looking ones. Non-subscribers click here for access.

Five picks hit stops last week and will no longer appear on the list. I am pulling two stocks from the list as of today’s opening price. I have adjusted stops on others. These moves, along with the new additions will leave 16 buys and one short on the list over the coming week. 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!