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Full Load of Longs, But Adding 2 Shorts

Lee Adler

I’m adding 2 shorts to the list, against 0 buys. With 19 longs already on the list, and the uptrend aging, I’m reluctant to add more at this point. Consequently, I did not review the buy signal charts. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

The screens produced 127 charts with multiple buy signals as of the last two trading days of the past week. There were 78 charts with a second sell signal. We have enough buys on the list, and with the age of the uptrend, I’m more willing to look at the short term sell signals. What I saw were a lot of sell signals within uptrends. I’m not a fan of trying to pick countertrend top swing trades. Too often the pullbacks are shallow, or don’t happen at all. Non-subscribers click here for access.

Two shorts hit stops last week. I’m closing out another one based on the opening price this morning. After these changes, there will now be 25 active picks on the list of which, 19 are buys, and 7 are shorts. Non-subscribers click here for access.

Last week was a good rebound week for us after a bad start in the first week of the month.. Picks closed out last week, or currently open, show an average theoretical gain of 4.1% on an average holding period of 20 calendar days. Non-subscribers click here for access.

However, so as not to mislead, 12 picks closed out so far in July have all been losers, in honor of cut your losses and let your profits run. I’ll do a full accounting of the month next week. For now, including open positions, the month is a hair above break even. Non-subscribers click here for access.

7/10/23 June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. The numbers assume all cash, no leverage, no margin, no options. Non-subscribers click here for access.

I have adjusted or added stops on just a few of the picks. The rest I have left without stops because the price and indicator patterns are good, so I will let those ride, with the assumption of risk mitigation through diversification and small position sizes. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Table in report. 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! 

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Market Looks Poised

Lee Adler

I am on a train to Nuremberg this morning. Lots of thoughts about what happened here 8 decades ago.

Meanwhile, I see no reason yet to have major doubt about this market trend. It’s due for a breather, but looks just as due for more upside first. Here’s what to look for.

Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

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. 

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Correlations Don’t Matter Until They Do, Like Now

Lee Adler

I have been meaning for weeks to hunt for correlations in the data between bank loans to shadow banks and stock prices, and between bank repo loans to the direction of stock prices. The road to hell is paved with good intentions, right? I spent a couple of hours looking at the data every which way, and I found some occasional correlation, but other times there was none. Sometimes hunches don’t pay. It was a lot of time spent for nothing. But some time spent for something. Non-subscribers, click here for access.

Subscribers, click here to download the report.

Where I continue to find a strong correlation is between the direction of the Fed’s RRP slush fund (down) and stock prices (up). That has been persistent over the past year. The evidence supports the idea I first put out here a couple of years ago. That is that when the RRPs would start coming down, it would be a bullish signal for stock prices. Here’s the proof, with the amount of RRPs outstanding plotted on a negative (or inverse) scale. See chart in report.  Non-subscribers, click here for access.

The implication here is that as long as the total RRPs are decreasing (rising on this chart), then stock prices are likely to continue rising.  Non-subscribers, click here for access.

So, we will continue to keep an eye on that. This week, there was an uptick in the RRPs, and stock prices started to waffle. A precursor to something? Maybe…  Non-subscribers, click here for access.

There are other signs that something big is about to happen.  Non-subscribers, click here for access.

Subscribers, click here to download the report.

Subscription Plans

KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! 

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Swing Picks Following Gold’s Yellow Brick Road

Lee Adler

The initial upside projection on the 13 week cycle has been hit but I don’t think that this is the last word. This report shows why and tells where gold is headed next. Non-subscribers, click here for access.

Subscribers, click here to download the report.

Meanwhile, there were 4 charts of gold miners that met the criteria of at least 2 buy signals over the past week including one in the past two days. That’s after 13 such signals the previous week. Of the 4 this week, one was xxxxxxx xxxxxxxxx xxxxxxxxx. I added it and one other, xxx, to the list. I’m letting the other 4 ride without stops for now as their price and indicator patterns look solid, with an average gain of 6% on an average holding period of 12 calendar days.

Are you ready? Let’s roll! Non-subscribers, click here for access.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

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Finally, A Few Shorts

Lee Adler

I’m adding 5 shorts to the list, against 3 buys.

Swing trade stock screens produced 106 charts with multiple buy signals as of the last two trading days of the past week. There were 80 charts with a second sell signal. That’s a significant number on both sides. Most were whipsaw signals. But I did see a few nice setups on both sides when I reviewed the screen output. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Two shorts hit stops last week. I’m closing out one of the buys based on the opening price this morning. After these changes, there will now be 27 active picks on the list, 22 buys, and 5 shorts. Non-subscribers click here for access.

Last week was a good rebound week for us after a bad start in the first week of the month.. Picks closed out last week, or currently open, show an average theoretical gain of 3.6% on an average holding period of 19 calendar days. Non-subscribers click here for access.

7/10/23 June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. The numbers assume all cash, no leverage, no margin, no options. Non-subscribers click here for access.

I have adjusted or added stops on just a few of the picks. The rest I have left without stops because the price and indicator patterns are good, so I will let those ride, with the assumption of risk mitigation through diversification and small position sizes. Non-subscribers click here for access.

Table in report. 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! 

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Young Bull Growing Stronger

Lee Adler

I keep looking for meaningful signs of weakness, but it’s like grasping at straws. Even Friday’s downtick didn’t change that. This report shows exactly why I say that and gives some keys to look for as signs that change is a comin’.  Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

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. 

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We’re Not There Yet

Lee Adler

The private money and credit creation process and the resulting bull market in stocks is at loggerheads with the Fed’s policy of shrinking the balance sheet. Traders and investors are now in clear violation of The First Commandment, Rule Number One, “Don’t fight the Fed.”  The question now becomes who blinks first. The lawbreakers, or the law? Non-subscribers, click here for access.

Subscribers, click here to download the report.

A couple of high frequency, real-time measures show us important sources of the money funding this stock market rally. These measures should give us hints of when this process is coming to an end, which will correlate with, if not cause, a stock market top. Non-subscribers, click here for access.

So, if you fight the law, will you win? Here’s the answer. Non-subscribers, click here for access.

Subscribers, click here to download the report.

 

Subscription Plans

KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! 

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One Small Step For Gold, One Giant Leap for Goldkind

Lee Adler

Gold merely needs to end this week above xxxx to trigger a xx week cycle buy signal, which could be the forerunner of a xx month cycle buy signal. Non-subscribers, click here for access.

Subscribers, click here to download the report.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

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July Starts Ugly After Fabulous June

Lee Adler

It’s early yet. Start badly, end up goodly, right?

Swing trade stock screens produced 137 charts with multiple buy signals as of the last two trading days of the past week. There were 115 charts with a second sell signal. The big numbers on both sides were mostly due to whipsaw signals as stocks traded back and forth within tight ranges. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

On reviewing the charts, I saw nothing interesting on the sell side. Non-subscribers click here for access.

I liked 7 charts on the buy side, after reviewing only two-thirds of that list. At that point, I stopped because I want to hold the list to a manageable size. Most of the buys were in oil services. Non-subscribers click here for access.

There will now be 22 active picks on the list, 20 buys and 2 shorts. July has gotten off to a poor start, Picks closed out last week, or currently, open show an average theoretical loss of 1.4% on an average holding period of 22 calendar days. June was solid, with 25 picks closed at an average theoretical gain of 9.7% on an average holding period of 36 calendar days. The numbers assume all cash, no leverage, no margin, no options. Non-subscribers click here for access.

I have adjusted or added stops on many of the picks. Others I have left without stops because the price and indicator patterns are good, so I will let those ride, with the assumption of risk mitigation through diversification with small position sizes. Non-subscribers click here for access.

Table in report. 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! 

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Stocks Are Scraping the Ceiling

Lee Adler

The 10-12 month cycle projection now points at xxxx. There are hints of the expected 6-month and 13-week cycle tops getting started, but nothing definitive. The low end of the 13-week cycle projection has been hit. The upper projection range of xxxx is still possible. Prices need to break to confirm a top. Non subscribers click here to access.

Technical Trader subscribers click here to download the complete report.

Here are the keys to triggering a turn, and the outlook for what kind of turn it will be.    Non subscribers click here to access.

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. 

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