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Yesterday Was A Gift Wrapped Shorting Opportunity On a Silver Platter 3/23/21


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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. 

 

image.png

Click to engorge

 

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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. 

tvc_ff068a62a1c73a2f9074b8162233a225.png
Click to engorge

 

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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

 

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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.

Screen Shot 2021-03-23 at 1.17.56 PM.png

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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.

Screen Shot 2021-03-23 at 1.17.56 PM.png

That's good. Verily, I say unto you. 

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