Category: 2 – Technical Trader

For the 5 day period ended April 25, there were 73 charts with multiple buy signals as of the last two trading days of the period. There were 33 with a second sell signal. A little surprising considering the bloodbath on Tuesday. However, many of the buy signals were generated on Monday. Tuesday’s action negated many of those. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

I would just caution that it has been months since the system has produced a string of winners, so I would not rely on these numbers as a market signal. Non-subscribers click here for access.

Rangebound markets produce a preponderance of whipsaw signals, which is why I call them  meatgrinders. Eventually the market will break out and trend for a while. Until then, the string of small losses is likely to continue. It’s a slow bleed that wears out both long and short traders. But it’s necessary to keep playing the game in order to catch the next big move when it comes. Non-subscribers click here for access.

Given the excitement of the selloff yesterday, I looked at the sell side output first. There were 4 charts early in the alphabetical order that I liked enough to put on the list starting with the opening print today. Non-subscribers click here for access.

On the buy side, while some would like more beans, Mr. Taggart thinks we’ve had enough. But there’s one stock that I’m adding for sentimental reasons. It’s CHD. Early in my career on Wall Street, in 1980, this stock was selling for the equivalent of around 20 cents a share, adjusted for splits. Over the next 45 years it gained 46,000%. In other words if you had bought $1000 worth of stock in 1980, today you’d have $4.6 million. For a company that makes baking soda, for gosh sakes. Respeck! Non-subscribers click here for access.

It’s a slow mover, but hey, maybe on the heels of this short term buy signal, this could be a core holding. What could be more defensive than baking soda? Let’s see what happens over the next 3-4 weeks. Throw in a little CLX and it could be explosive. LOL Non-subscribers click here for access.

Other than that, I’ll stay put there, with added or adjusted stops on several picks as shown on the table (subscriber version). Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

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 letter is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical. The method behind these picks is experimental, and may change over time.  I may trade my own account, and may buy, sell, sell short or cover short, or have positions in any of the stocks on the list at any time, based on a particular trading style that is unique to me. My entry and close out levels are likely to differ from those published due to the exigencies of my trading style and time constraints. I post these items in good faith for informational and educational purposes, and do not take positions in opposition to those which are published. All chart picks are actively traded stocks, and I assume that no subscriber to these reports, nor the total of all subscribers taking positions, would do so in a size that would influence the market price. 

Performance tracking assumes 100% cash basis, no margin, no options. You should not assume that recent performance as reported can or will be repeated in the future. Trading involves risk of loss. In the case of options, the loss can be 100% of the amount invested. When leverage is used the loss can exceed the account equity under certain conditions.

The opinions expressed here assume that readers are experienced investors or are working with an investment advisor.

For the week ended April 19, there were 116 charts with multiple buy signals as of the last two trading days of the period. There were just 10 with a second sell signal. Again, I wasn’t impressed with the trend structures on the sell side.  So there were no picks again on that side. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

On the buy side, I found 4 that look like they’re just getting started and I am adding those to the list, as shown on the table below. I will start tracking them as of today’s opening price. Non-subscribers click here for access.

5 existing picks hit stops over the last week. I will drop one long and one short as of the opening price today. I’ll leave the remaining longs on the list without stops. Non-subscribers click here for access.

Subscription Plans

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 letter is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical. The method behind these picks is experimental, and may change over time.  I may trade my own account, and may buy, sell, sell short or cover short, or have positions in any of the stocks on the list at any time, based on a particular trading style that is unique to me. My entry and close out levels are likely to differ from those published due to the exigencies of my trading style and time constraints. I post these items in good faith for informational and educational purposes, and do not take positions in opposition to those which are published. All chart picks are actively traded stocks, and I assume that no subscriber to these reports, nor the total of all subscribers taking positions, would do so in a size that would influence the market price. 

Performance tracking assumes 100% cash basis, no margin, no options. You should not assume that recent performance as reported can or will be repeated in the future. Trading involves risk of loss. In the case of options, the loss can be 100% of the amount invested. When leverage is used the loss can exceed the account equity under certain conditions.

The opinions expressed here assume that readers are experienced investors or are working with an investment advisor.

For the week ended April 13, there were 66 charts with multiple buy signals as of the last two trading days. There were just 16 multiple sells. Upon visual review all I saw on the sell side were rangebound whipsaw signals – constant back and forth. I’m not about to guess which one of these might see follow through. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

On the buy side, there were many that were moving but had limited upside in the short run. I found 4 that look like they’re just getting started and I’ve added those to the list, as shown on the table below. I will start tracking them as of today’s opening price.  Non-subscribers click here for access.

Of the 8 picks left over from last week, the longs did well, the shorts, not so much, as shown below. I’ve added stops to all of the shorts and one of the longs. The other two longs I’m letting ride.  Non-subscribers click here for access.

Subscription Plans

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 letter is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical. The method behind these picks is experimental, and may change over time.  I may trade my own account, and may buy, sell, sell short or cover short, or have positions in any of the stocks on the list at any time, based on a particular trading style that is unique to me. My entry and close out levels are likely to differ from those published due to the exigencies of my trading style and time constraints. I post these items in good faith for informational and educational purposes, and do not take positions in opposition to those which are published. All chart picks are actively traded stocks, and I assume that no subscriber to these reports, nor the total of all subscribers taking positions, would do so in a size that would influence the market price. 

Performance tracking assumes 100% cash basis, no margin, no options. You should not assume that recent performance as reported can or will be repeated in the future. Trading involves risk of loss. In the case of options, the loss can be 100% of the amount invested. When leverage is used the loss can exceed the account equity under certain conditions.

The opinions expressed here assume that readers are experienced investors or are working with an investment advisor.

For the week ended April 5, there were 60 charts with multiple buy signals as of the last two trading days. There were 53 multiple sells. Plenty of charts to visually review on both sides.  Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

On the buy side, I did see lots of structural base breakouts that looked well supported. Most were in Utilities and Fixed Income. Yawn. I added one of them, and a couple of others that were more interesting in terms of beta.  Non-subscribers click here for access.

On the sell side, I found 4 charts to add as shorts.  Non-subscribers click here for access.

Of the two picks left over from last week, one hit its stop. The other is hanging out. The performance or lack thereof, of existing picks is shown on the table below (subscriber report). New picks will be tracked as of the 1 PM ET price on Thursday April 6. No stops this week.  Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

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 letter is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical. The method behind these picks is experimental, and may change over time.  I may trade my own account, and may buy, sell, sell short or cover short, or have positions in any of the stocks on the list at any time, based on a particular trading style that is unique to me. My entry and close out levels are likely to differ from those published due to the exigencies of my trading style and time constraints. I post these items in good faith for informational and educational purposes, and do not take positions in opposition to those which are published. All chart picks are actively traded stocks, and I assume that no subscriber to these reports, nor the total of all subscribers taking positions, would do so in a size that would influence the market price. 

Performance tracking assumes 100% cash basis, no margin, no options. You should not assume that recent performance as reported can or will be repeated in the future. Trading involves risk of loss. In the case of options, the loss can be 100% of the amount invested. When leverage is used the loss can exceed the account equity under certain conditions.

The opinions expressed here assume that readers are experienced investors or are working with an investment advisor.

For the week ended March 28, there were 30 charts with multiple buy signals as of the last two trading days. There were 5 multiple sells. Non-subscribers click here for access. Technical Trader subscribers click here to download the complete report.

Two weeks ago there were 3 buys and 482 sells. But the Fed changed the game a few days later, and all those sell signals were turned on their heads. As I wrote in the Liquidity Trader analysis that weekend, given the uncertainties around just what current monetary policy even is, let alone what the effects will be, I wanted to stand aside and watch for a week. At least. Now that things have shaken out a bit, it’s time to take another look at the individual charts to see if anything looks good for a trade.

Nothing did on the short side. And the longs were completely uninspiring. The one that I liked is dull, but the chart has room for a pop. That’s xxxx. Non-subscribers click here for access.

All of the shorts that were on the list save one, hit their stops and were dropped as of that point. There’s one left. I adjusted the stop on that.

That’s all for this week. Yawn.

I think I’ll take a nap.

Table and charts below (subscriber version).  Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

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 letter is meant as individual investment advice and you should not construe it as such. These picks are illustrative and theoretical. The method behind these picks is experimental, and may change over time.  I may trade my own account, and may buy, sell, sell short or cover short, or have positions in any of the stocks on the list at any time, based on a particular trading style that is unique to me. My entry and close out levels are likely to differ from those published due to the exigencies of my trading style and time constraints. I post these items in good faith for informational and educational purposes, and do not take positions in opposition to those which are published. All chart picks are actively traded stocks, and I assume that no subscriber to these reports, nor the total of all subscribers taking positions, would do so in a size that would influence the market price. 

Performance tracking assumes 100% cash basis, no margin, no options. You should not assume that recent performance as reported can or will be repeated in the future. Trading involves risk of loss. In the case of options, the loss can be 100% of the amount invested. When leverage is used the loss can exceed the account equity under certain conditions.

The opinions expressed here assume that readers are experienced investors or are working with an investment advisor.