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Category: 2 – Technical Trader

Lee Adler’s proprietary cycle analysis with market trend and position recommendations for investors and a recommended option trade for traders. Click here to subscribe. 90 day risk free trial!

Flying Blind, But They Warned Us

Cycles are topping out. That includes the big ones.

Technical Trader subscribers click here to download the complete report.

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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. 

Pick List Longs Escape With Flying Colors, Now for the Shorts

Every week I run technical stock screens covering all NYSE and NASD stocks trading above $6 and averaging more than 1 million shares a day. This typically results in between 15 and 50 charts to review visually. I’m looking for low risk, high reward price structures, which I’m not smart enough to program into the screening process. But it’s ok. I like to look at charts. 

Existing picks, all longs, held up pretty well in last week’s selling. 3 of them dipped below their stops, with gains in two of the three. The newest pick, XXXX (subscribers), added last Monday, did surprisingly well.

As a result, list performance rose to an average of +4.2%, up from +0.2% the week before, on an average holding period of 16 days. The percentage change assumes cash trades, no margin, no options.

Market Engine Whines Without A Rudder

Cycles are mixed, and cycle screening measures are deteriorating, but there are still reasons to expect the averages to head higher. Here’s what they are, with price and time targets, as well as levels to watch for signs of a big reversal.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

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. 

When This Boring Market Finally Reaches the Center of the Earth

Every week I run technical stock screens covering all NYSE and NASD stocks trading above $6 and averaging more than 1 million shares a day. This typically results in between 15 and 50 charts to review visually. I’m looking for low risk, high reward price structures, which I’m not smart enough to program into the screening process. But it’s ok. I like to look at charts. 

My picks from the screens are churning along with the market. 3 picks dipped below their stops, with losses in two of the 3 resulting in a flat performance for the list overall.  List performance slipped to an average of +0.2%, down from +1.0% the week before, on an average holding period of 13 days. The percentage change assumes cash trades, no margin, no options.

It’s boring as hell.  All there is to do is to keep nibbling on charts that look promising. I managed to find one pick among Fridays’ screen output of 43 signals that looked good enough to add to the list this week. The idea is that when the market finally starts to move, we’ll have picks on the list that are positioned to take advantage.

The current screen from charts as of the close on June 11, had 28 buys and 15 sells.  That was the first time last week that buy signals had the edge. For the past 5 trading days, there were 95 buys versus 116 sells, a spread of -21. That compares with last Friday’s -37.  This is down from a peak of +218 on May 20.

However, there’s been no momentum breadth thrust to the downside either. So we wait for an impetus one way or the other. The market has simply drifted and churned, with most charts ambiguous, and few showing clear impetus either way. We’re looking at about 1300 stocks that meet minimum price and volume criteria, and only 43 generated signals either way. Booooring.

The Old Line Trading Firm of Dewey Cheatham Burnham and Howe

Cycles are still bullish, with the 6 month and 10-12 month cycles ideally due to top out concurrently in xxxx (subscriber version). The 6 month cycle projection is xxxx (subscriber version).

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Cycle projections for short term cycles point to xxxx-xxxx (subscriber version). The 13 week cycle is just turning up. There’s no projection for it yet. I noted last week that, “A stronger period is due in the 13 week cycle beginning in mid June that should support reaching those targets, or more.”

Churn And Burn Picks off Stops But Two New Picks Join the List

2/16/21 Every week I run technical stock screens covering all NYSE and NASD stocks trading above $6 and averaging more than 1 million shares a day. This typically results in between 15 and 50 charts to review visually. I’m looking for low risk, high reward price structures, which I’m not smart enough to program into the screening process. But it’s ok. I like to look at charts. 

Prices continued their rangebound churning last week. 2 picks dipped below their stops. Both were slightly profitable.

List performance slipped to an average of +1%, down from +2.4% the week before, on an average holding period of 14 days. The percentage change assumes cash trades, no margin, no options.

The stopouts left just 4 picks on the list. All are longs, and 3 look ok to hold, with stops adjusted based on trigger lines in the charts. Xxxx looks less favorable, so I have tightened the stop to near Friday’s low.

Dull as Hell, And Still Bull

Cycles are still bullish, with the 6 month and 10-12 month cycles apparently in trending mode. This means that there are neither price projections nor time guesstimates for those. In these circumstances we need to resort to trend following indicators.

Cycle projections are only available for short term cycles. There are no projections for cycles from 13 weeks to 10-12 months. We’re flying blind as to likely upside targets on those. Short term projections point to xxxx-xxxx (subscriber version) during June.

Technical Trader subscribers click here to download the complete report.

 

Subscription Plans

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. 

Volatility Subsides, But Range Remains, Picking off Stops

2/16/21 Every week I run technical stock screens covering all NYSE and NASD stocks trading above $6 and averaging more than 1 million shares a day. This typically results in between 15 and 50 charts to review visually. I’m looking for low risk, high reward price structures, which I’m not smart enough to program into the screening process. But it’s ok. I like to look at charts. 

The volatility subsided, but the range remained. 4 picks dipped below their stops. Were they too tight? Or is this the beginning of the end for the longs. Time will tell.

Meanwhile, list performance improved slightly to an average of +2.4%, up from +0.2% the week before, on an average holding period of  15 days, up from 10 days the week before. The percentage change assumes cash trades, no margin, no options.

The stopouts left just 4 picks on the list. All are longs, and all look ok to hold, with stops adjusted based on trigger lines in the charts. I added two more picks from Friday’s screen.

The Meat Grinder Prevails – Swing Trade Picks For Week of May 24, 2021

2/16/21 Every week I run technical stock screens covering all NYSE and NASD stocks trading above $6 and averaging more than 1 million shares a day. This typically results in between 15 and 50 charts to review visually. I’m looking for low risk, high reward price structures, which I’m not smart enough to program into the screening process. But it’s ok. I like to look at charts. 😊

Technical Trader subscribers click here to download the complete report.

Volatile rangebound trading is a meat grinder for swing trades. Last week lived up to that. List performance slipped to an average of +0.2%, down from +2.1% the week before, on an average holding period of 10 days, up from 8 days the week before. In trending markets this number would normally be around 13-14 days. The percentage change assumes cash trades, no margin, no options.

10 picks hit stop triggers, leaving 8 on the list. All are longs, and all look well positioned for additional gains, but I have kept stops tight, just in case. I have adjusted  most stops.