Liquidity Trader

For the week ended March 3, there were 37 charts with multiple buy signals as of Thursday or Friday, and 33 with multiple sells. The previous week the tally was 11 buys and 113 sells.

Unlike last week, I found 3 charts that I liked. All were longs. They are XXXXXXXXXXXXXX shown on the table below, with charts following. I will track them as of the closing price on Monday, March 6. 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 February 24, there were 11 charts with multiple buy signals as of Thursday or Friday, and 113 with multiple sells. That’s a big number on the sell side, suggesting a change of trend in the market. But the setups weren’t great for entering shorts here. I would expect better setups after the next rebound.

When I looked at the charts with buy signals, none were interesting. On the sell side, the first moves had been made, and this didn’t look like a good entry point. I’ll wait for the next setup where there are charts that show rebounds to resistance with new short term sell signals.

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.

You know it’s bad when you no longer trust your models, or your chart reading. I just cannot commit to trading a market with this much ambiguity. So I continue to review the screening data but will hold out for more clarity before jumping back in with multiple picks.

Meanwhile, for the week ended February 17, there were 16 charts with multiple buy signals as of Thursday or Friday, and 28 with multiple sells. Considering that there are always around 1300 stocks that meet price and volume minimum criteria for my screens, that’s another low, inconclusive number that doesn’t auger a breakout, even with the edge to the sell side. I continue to see mostly whipsaw signals, or moves back to support. I can’t see shorting them here.

When I looked at the charts with buy signals, there was one that looked so good, I had to go with it. Most of the buy signals were in defensive stocks and ETFs. This was the best looking chart of the bunch, XXXX. As usual, I will benchmark the tracking to today’s opening price.

When I looked at the sells, I again wasn’t enamored with those setups. I said the same last week. If this keeps up, the market should eventually break down. Hopefully, I’ll have a few shorts on the list when it does.

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.