I apologize for the late posting! The report was written over the weekend but inadvertently not uploaded. Performance slipped yesterday but no stops were hit. The performance table is updated with Monday’s closing prices. Charts are as of Friday, April 5. Non-subscribers click here for access.
Technical Trader subscribers click here to download the complete report.
The list had an ok week last week, despite the market’s wild fluctuations. The average gain last week was 17.3% on an average holding period of 27 calendar days. That includes picks still open at the end of the week, plus those closed out during the week. That performance compares favorably with the previous week’s 16.7% on an average holding period of 31 calendar days. Non-subscribers click here for access.
4 picks were stopped out last week with an average gain of 15.4% and an average holding period of 23 calendar days. Non-subscribers click here for access.
Past performance does not suggest future results. But at least this suggests that since I have made the change to a fully automated selection process over the past 3 weeks, so far, so good. Non-subscribers click here for access.
There are now 3 layers of screens. The first is the raw output of various buy and sell filters. The second filters those for intermediate trend. The third is a filter of short-term signal triggers. This is new as of March 2024. The new method reduces the final output to a manageable number for final visual review as a check, to remove those that I’m not comfortable with for final selection. Non-subscribers click here for access.
The latest screens found 321 total unfiltered buys and 522 total unfiltered sells last week. That compares with the previous week’s 117 buys and 238 total sells. So it still appears to be a two way market, with an edge to the sell side. Non-subscribers click here for access.
Friday alone saw 4 buys and 3 sells after the final trigger filters were applied. Not much to choose from. The trends on both sides are mature. Non-subscribers click here for access.
Due to the scarcity of picks on Friday, I reviewed charts from the rest of the week as well as Friday’s picks. Nothing was still interesting. Some had already moved and the rest didn’t have setups that I liked. So I am adding only one pick to the list this week. It’s a short, shown on the table below. Non-subscribers click here for access.
Going forward, I will review the performance of the charts I rule out on visual review to see if this is a worthwhile step, or whether simply going with the raw output yields better results. Non-subscribers click here for access.
I want the output to be simple to follow and to require only a few minutes to review and implement each week. On that score, I post a table with specific signal indications along with the charts of the new buy and sell short picks so that you can evaluate them and do with them as you might. Non-subscribers click here for access.
We came into last week with 10 open picks, including 3 shorts and 7 longs. 4 longs hit their stops during the week, leaving 3 short and 3 longs at the end of the week. I am adding just one short and no buys this week, to start the week with 3 longs and 4 shorts. Non-subscribers click here for access.
I have adjusted stops for most existing picks. I have removed a stock from one pick and will let it ride this week. New picks will be added without stops. Risk management is assumed via multiple small positions that won’t break the bank if they go wrong. Non-subscribers click here for access.
Table of picks and performance in the subscriber report. Non-subscribers click here for access.
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.
This public report is not the full report. Only subscribers have access to the full report and regular tracking of the theoretical picks and closeouts made in the reports. Non-subscribers click here for access.
Attention New Subscribers! Please check your spam folder for your subscription welcome messages and post notifications and whitelist Liquiditytrader.com. Some email providers like Hotmail and others which use the Proofpoint gatekeeper are blocking Liquidity Trader emails completely. I have been unable to get them to stop. Please notify them to “Let my emails go!”
If you continue to have issues receiving Liquidity Trader emails, just check here daily at 9 AM ET for the latest posts.
THANK YOU FOR YOUR SUPPORT!
Like this:
Like Loading...
You must be logged in to post a comment.