DrStool Posted March 23, 2021 Report Share Posted March 23, 2021 Why do I say that? First, a solid majority of signals from my daily technical stock screens of 9000 issues on the NYSE and Nadsacs were bearish. I have learned not to argue with the data. I might not read it correctly. I might interpret it wrong, but I know not to argue with it. You can't fool Mother Data. Today's screen had 8 buys and 29 sells. One of the buys was an inverse fund. Therefore, only 7 of the 37 signals were bullish. 30 were bearish. I'll pick a few of these to add to my personal trading ready list for today. Here's the raw data. These are not recommendations. If you're interested, take a look at these in your own charts. I report. You decide. 😀 Symbol Buy Sell 500 200 125 50 AZN.O 1 0 1 0 0 0 KO 1 0 0 1 0 0 FIVN.O 1 0 0 0 1 0 GLPI.O 1 0 0 0 0 1 GILD.O 1 0 0 1 0 0 ZSL 1 0 0 0 0 1 SIRI.O 1 0 0 0 0 1 TOL 1 0 0 0 0 1 APTV.K 0 1 0 0 0 1 AZUL.K 0 1 0 0 0 1 BLDP.O 0 1 0 0 1 0 CCL 0 1 1 0 0 0 CNP 0 1 1 0 0 0 DHT 0 1 1 0 0 0 EBAY.O 0 1 0 0 0 1 EVRI.K 0 1 0 0 0 1 GOL 0 1 0 1 0 0 GRWG.O 0 1 0 0 0 1 INFN.O 0 1 0 0 0 1 PGX 0 1 0 0 0 1 FXI 0 1 0 0 1 0 EWZ 0 1 0 0 1 0 YY.O 0 1 0 0 0 1 KMPH.O 0 1 0 1 0 0 LHX 0 1 1 0 0 0 MRVL.O 0 1 0 0 1 0 NLS 0 1 0 1 0 0 PCG 0 1 1 0 0 1 MINT.K 0 1 0 1 0 0 PLNT.K 0 1 0 0 0 1 PPL 0 1 1 0 0 0 AGQ 0 1 0 1 1 0 RRC 0 1 0 0 0 1 RP.O 0 1 0 0 0 1 SNY.O 0 1 0 1 0 0 SO 0 1 1 0 1 0 YNDX.O 0 1 0 0 1 0 Totals 8 29 On the weekend, after I eyeball the screen output in my own charts, I pick a few to add to the swing trade chart picks list in Liquidity Trader. Then I track them until they hit their closeout signal. They are like trailing stops, based on programmed cycle lines. I also post and update those each week. Here's an example of one of my charts. I'll just pick the first one. Happens to be Astra Zeneca, which had a little news yesterday. I ignore news based signals, usually, but not always. It depends on the overall structure of the pattern. But I also avoid anything to do with pharmaceuticals or biotech. Too many surprises, that don't get telegraphed in the prior chart patterns. And many of them aren't good surprises like AZN had yesterday. Anyway, this POS has some work to do before proving that it has broken and emerged from its downtrend. Click to engorge Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 At 6:40 AM in New York, the ES fucutures were heading for a test of a key support juncture around 3905. If that holds, bulls get another shot to run. They'd have room too. The next overhead resistance level is around 3944. On the downside, there are multiple potential support levels every 5 points or so down to 3890. If they do break 3905, it looks like a bouncy ride downhill. Click to engorge If you are a new reader, please register and join in. To post your observations, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Meanwhile, Liquidity Trader Presents for your listening and dining pleasure: A Little Pullback with Big Implications This Trend of Bank Deposits Should Scare the Hell Out of You The Day of Reckoning Is Upon Us Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 Faint Hope, or Just a Feint, for Gold LEE ADLER 3 - GOLD TRADER MARCH 23, 2021 While I wish there was a basis for optimism, we need to be realistic. Here’s what needs to happen. Subscribers, click here to download report. Try Lee Adler’s Gold Trader risk free for 90 days! GO TO THE POST Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 Let's zoom in to see where we are now. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 LEE'S FREE THINKING When the Game Gets Too Big, the Criminals Win, We Lose Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 5 day cycle projection 3957. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 35 minutes ago, DrStool said: 5 day cycle projection 3957. Yeah. That's not gonna happen. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 23, 2021 Report Share Posted March 23, 2021 19 minutes ago, DrStool said: Yeah. That's not gonna happen. Yes is could......whenever they want.......just look now..... Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 I like that line. "The gangsters that run the game always get paid." I think I'll trademark it. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 5 day cycle projection 3965. Sigh. 😔 Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 3 hours ago, DrStool said: 5 day cycle projection 3957. Nah. Now looks 3948. That could come down if this pullback continues. Link to comment Share on other sites More sharing options...
BurntOnce Posted March 23, 2021 Report Share Posted March 23, 2021 orcl is holding up handsomely. databases over the cloud. to hell with their debt. what co isn't drowning in debt. Link to comment Share on other sites More sharing options...
PullMyFinger Posted March 23, 2021 Report Share Posted March 23, 2021 I bid thee a hearty farewell, thou NQ upsloping channel. Thou hast served thine Finger’s trading account verily well for multiple sunrises and sunsets. Parting is truly a bittersweet event. I say onto you, go forth and create another channel that slopeth up or down, at your divine election. Perhaps one day hence we shall meet again on the road to rags and riches. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 10 minutes ago, PullMyFinger said: I bid thee a hearty farewell, thou NQ upsloping channel. Thou hast served thine Finger’s trading account verily well for multiple sunrises and sunsets. Parting is truly a bittersweet event. I say onto you, go forth and create another channel that slopeth up or down, at your divine election. Perhaps one day hence we shall meet again on the road to rags and riches. That's good. Verily, I say unto you. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2021 Author Report Share Posted March 23, 2021 Just noticed that Bitcoin has dropped another buttcoin the past few days. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.