Category: 2 – Technical Trader

On the week, buy signals overwhelmed sell signals, thanks to Friday’s rebound, but they had the lead earlier in the week as well. The final score for the week was 186 Buys to 125 Sells. That compares with the prior week’s  235 Buys to 147 Sells and 114 Buys to 118 Sells the week before that. However, on Friday alone, there were 101 buys and just 13 sells. This suggests an up week ahead.

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The screen results come from a universe of approximately1200-1500 stocks daily that meet the criteria of trading above $6.00, and with average volume greater than a million shares per day. The final numbers show the number of stocks with at least one buy signal or sell signal during the week.

I start the weekly process by screening for daily buys and sells from the previous Friday through Thursday. I then rescreen that output, for additional signals in the progression on Thursday and Friday. The final lists this week resulted in 48 chart pick candidates on the buy side and 3 on the sell side.

I reviewed the charts from the final output visually. From that review, I chose 3 buys and no shorts. For the second straight week, all the buys were in the energy business.

Last week we started with 23 picks on the list. There were 3 buys. The rest were short sales. Two picks hit their trailing stops and were closed as of the stop price. I elected to close out one on Monday’s open. Including those and the picks still open at the end of the week gave us average gains of 1.9% with an average holding period of 13 days.

Closed picks in May have so far averaged a gain of 2.9% on an average holding period of 11 days.

April was a challenging month. The final tally of closed picks in April had an average loss of 0.4% with an average holding period of 11 calendar days. My system does not do well when the average low to low cycle duration drops below 4 weeks. Normally that doesn’t happen to often, but we must roll with the punches when it does.

March was better. Picks closed in March had an average gain of 4% with an average holding period of 23 days. The 5 picks closed out in May so far had an average gain of 4.3% on and average holding period of 12 days.

The percentage gain is based on 100% cash positions, with no margin and no use of leverage or options.

This week we start with 23 picks including the 3 new ones. 17 of the 23 picks are short sales.

I’ve added new stops to the picks from last week, and adjusted stops on the remainder. This week’s new picks will be added without stops as usual. I like to give them breathing room at the beginning, and manage risk by having multiple picks.

The new picks, along with picks that remain open, and those closed out last week, are shown on the table below. Charts of new and open picks are below that.

Technical Trader subscribers click here to download the complete report.

Non-subscribers click here for access.

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There were more buys than sells in last week’s daily screens. That may be because there so many charts that had triggered sell signals in the prior three weeks, and they were still playing on the sell side. But whatever the cause, the final score for the week was 235 Buys to 147 Sells. That compared with 114 Buys to 118 Sells the week before. However, on Friday alone, there were just 44 buys and 71 sells. Most of the time, Friday tends to set the tone for the next week.

Technical Trader subscribers click here to download the complete report.

Non-subscribers click here for access.

The screen results come from a universe of approximately1200-1500 stocks daily that meet the criteria of trading above $6.00, and with average volume greater than a million shares per day. The final numbers show the number of stocks with at least one buy signal or sell signal during the week.
I start the weekly process by screening for daily buys and sells from the previous Friday through Thursday. I then rescreen that output, for additional signals in the progression on Thursday and Friday.

The final lists this week resulted in 43 chart pick candidates on the buy side and 17 on the sell side. Again, the plurality of buy signals may have merely begin that there were so few charts that had not already gone to the sell side in recent weeks.

I reviewed the charts from the final output visually. From that review, I chose 3 buys (all oil and gas related) and 4 shorts to add to the list, shown on the table below.

Last week we started with 21 picks on the list. There were no buys. 21 were short sales. That was an unprecedented tilt in number and unanimity. Five picks hit their trailing stops and were closed as of the stop price. Including those and the picks still open at the end of the week gave us average gains of 2.8% with an average holding period of 9 days.

I’d like to repeat that every week. Pretty soon we’d be talking real money. 😋

April was a challenging month. The final tally of closed picks in April had an average loss of 0.4% with an average holding period of 11 calendar days. My system does not do well when the average low to low cycle duration drops below 4 weeks. Normally that doesn’t happen too often, but we must roll with the punches when it does.

March was better. Picks closed in March had an average gain of 4% with an average holding period of 23 days. The 5 picks closed out in May so far had an average gain of 4.3% on and average holding period of 12 days.

The percentage gain is based on 100% cash positions, with no margin and no use of leverage or options.

This week we start with 23 picks including the 7 new ones. 20 of the 23 picks are short sales.

I’ve added new stops to the picks from last week, and adjusted stops on the remainder. This week’s new picks will be added without stops as usual. I like to give them breathing room at the beginning, and manage risk by having multiple picks.

The new picks, along with picks that remain open, and those closed out last week, are shown on the table below. Charts of new and open picks are below that.

Technical Trader subscribers click here to download the complete report.

Non-subscribers click here for access.

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Last week’s daily screens were surprisingly neutral for the week as a whole. The final score for the week was 114 Buys to 118 Sells. However, many of those buys were inverse funds, so that there was still a modest tilt to the sell side. And on Friday alone, there were just 12 buys and 44 sells, a negative sign for this week.

Technical Trader subscribers click here to download the complete report.

Non-subscribers click here for access.

The screen results come from a universe of approximately1200-1500 stocks daily that meet the criteria of trading above $6.00, and with average volume greater than a million shares per day. The final numbers show the number of stocks with at least one buy signal or sell signal during the week.

I start the weekly process by screening for daily buys and sells from the previous Friday through Thursday. I then rescreened that output, for additional signals in the progression on Thursday and Friday. The final lists this week resulted in 32 chart pick candidates on the buy side and 131 on the sell side. However, of the 32 on the sell side, 15 were inverse funds. That means that nearly 90% of the charts that made the final cut were on the short sale side.

I reviewed the charts from the final output visually. From that review, I chose no buys and 13 shorts to add to the list, shown on the table below. While I don’t track this number, the 13 picks on the short sale side were certainly a record.

Last week we started with 13 picks on the list. 5 were buys, 8 were short sales. Four picks hit their trailing stops and were closed as of the stop price. I closed another as of the opening New York price last Monday. Including those and the picks still open at the end of the week gave us average gains of 2.4% with an average holding period of 10 days.

April was a challenging month. Picks closed out in April had an average gain of 0.9% with an average holding period of 10 calendar days. Yep, it was choppy. March was the first full month where I used multiple days of screening. Picks closed in March had an average gain of 4% with an average holding period of 23 days.

The percentage gain is based on 100% cash positions, with no margin and no use of leverage or options.

This week we will start with 21 picks on the list including the 13 new ones. All 21 picks are short sales. That’s a first. If there’s a V-shaped reversal, it’s gonna leave a mark.

I’ve added new stops to the picks from last week, and adjusted stops on the remainder. This week’s new picks will be added without stops as usual. I like to give them breathing room at the beginning, and manage risk by having multiple picks.

The new picks, along with picks that remain open, and those closed out last week, are shown on the table in the report. Charts of new and open picks are below that.

Technical Trader subscribers click here to download the complete report.

Non-subscribers click here for access.

Subscription Plans

No surprise, last week’s daily screens tilted to the sell side. The final score for the week was 148 Buys to 187 Sells. That’s still a lot of buys, but that was Monday to Wednesday. That got reversed and then some on Thursday and Friday.

Technical Trader subscribers click here to download the complete report.

Non-subscribers click here for access.

On Friday alone, there were just 19 buys and 144 sells That bodes ill for this week.

The screen results come from a universe of approximately1200-1500 stocks daily that meet the criteria of trading above $6.00, and with average volume greater than a million shares per day. The final numbers show the number of stocks with at least one buy signal or sell signal during the week.

I start the weekly process by screening for daily buys and sells from the previous Friday through Thursday for the holiday shortened week. I then rescreened that output, for additional signals in the progression on Wednesday and Thursday. The final lists this week resulted in 67 chart pick candidates on the buy side and just 8 on the sell side. Slim pickings for shorts this week.

I reviewed the charts from the final output visually. From that review, I chose no buys and 7 shorts to add to the list, shown on the table below.

Last week we started with 8 picks on the list. 6 were buys, 2 were short sales. Two picks hit their trailing stops and were closed as of the stop price. I will close another as of the opening New York price this morning. Including those and the picks still open at the end of the week gave us average gains of 2.2% with an average holding period of 12 days.

Picks closed out in March had an average gain of 4% with an average holding period of 20 calendar days. Picks closed out in April so far have had an average gain of 0.8% with an average holding period of 11 days. Yep, it has been choppy.

The percentage gain is based on 100% cash positions, with no margin and no use of leverage or options.

This week we will start with 12 picks on the list including the 7 new ones. 4 are buys. 8 are shorts. I’ve added new stops to the picks from last week, and adjusted stops on the remainder. This week’s new picks will be added without stops as usual. I like to give them breathing room at the beginning, and manage risk by having multiple picks.

The new picks, along with picks that remain open, and those closed out last week, are shown on the table in the report (non-subscribers click here for access). Charts of new and open picks are below that.

Technical Trader subscribers click here to download the complete report.

Subscription Plans

Last week’s daily screens tilted to the buy side, going against weakness in the market averages. The final score for the week was 97 Buys to 37 Sells. That reversed 3 straight weeks with a plurality of sells.  Prior to this 3 week run, buy signals had held the edge for 3 weeks.  Cycles!

However, on Thursday April 14 alone, there were just 6 buys and 33 sells, portending a soft start for this week.

Technical Trader subscribers click here to download the complete report.

The screen results come from a universe of approximately1200-1500 stocks daily that meet the criteria of trading above $6.00, and with average volume greater than a million shares per day. The final numbers show the number of stocks with at least one buy signal or sell signal during the week.
I start the weekly process by screening for daily buys and sells from the previous Friday through Thursday for the holiday shortened week. I then rescreened that output, for additional signals in the progression on Wednesday and Thursday. The final lists this week resulted in 67 chart pick candidates on the buy side and just 8 on the sell side. Slim pickings for shorts this week.

I reviewed the charts from the final output visually. From that review, I chose 4 buys and no shorts to add to the list, shown on the table below (Non subscribers click here for access).

Last week we started with 9 picks on the list. 3 were buys, 6 were short sales. Five picks hit their trailing stops and were closed as of the stop price. Including those and the picks still open at the end of the week gave us average gains of 2.8% with an average holding period of 11 days.

Picks closed out in March had an average gain of 4% with an average holding period of 20 calendar days. Picks closed out in April so far have had an average gain of 1.8% with an average holding period of 11 days.

It would be nice if we could annualize these numbers, but reality doesn’t work that way.

The percentage gain is based on 100% cash positions, with no margin and no use of leverage or options.

This week we will start with 7 picks on the list including the 4 new ones. 6 are buys. 2 are shorts.

The new picks, along with picks that remain open, and those closed out last week, are shown on the table below (non-subscribers click here for access). Charts of new and open picks are below that.

Technical Trader subscribers click here to download the complete report.

Subscription Plans