DrStool Posted June 9, 2021 Report Share Posted June 9, 2021 OK. I got nuthin on this. Here's the 2 hour bars. OK. To me, that looks bullish. Why? Because... ya know. You tell me! 30 minute bars If you are a new visitor, please register and join in! To post your observations and charts, 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, The Old Line Trading Firm of Dewey Cheatham Burnham and Howe LEE ADLER 2 - TECHNICAL TRADER JUNE 7, 2021 Churn And Burn Picks off Stops But Two New Picks Join the List LEE ADLER 2 - TECHNICAL TRADER JUNE 6, 2021 Real Time Tax Data Shows Nirvana for Stocks and Bonds, But It’s Temporary LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JUNE 5, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 The swing trade screen game ended in a tie yesterday, with 20 buys and 20 sells. That compares with a 19-10 bear win yesterday. Back on May 14 we had a surge of 153 buy signals to 6 sells. That showed thrust. It suggested a new bull swing phase. It never fully materialized but we still need to see substantially more sell signals to indicate a reverse thrust. The 5 day total is now 90 buys to 133 sells, a spread of -43. That compares with -37 yesterday. Creeping weakness? That trend was diminishing, but positive, since a peak reading of +218 on Thursday, May 20 until June 2. It slipped to the sell side on June 3. The averages can keep climbing on the strength of fewer winners while other stocks languish, but don't sell off much. However, without a big thrust on the sell side, this can continue as an apparent consolidation. I screen all stocks and ETFs from the NYSE and NASD, excluding those with less than an average of 1 million shares per day traded, and selling for less than $6 per share. The table below shows swing trade buy signals and sell signals from yesterday's action. The numbered columns represent the time frame of the support or resistance trend around which the signals were generated. Every weekend I use the previous week's screens to select charts that have potential for a move, and I post them for subscribers. Churn And Burn Picks off Stops But Two New Picks Join the List LEE ADLER 2 - TECHNICAL TRADER JUNE 6, 2021 Today's output is below. This is raw data. These are not recommendations. The data represent charts that have triggered short term signals near key cyclical support or resistance levels. Pick through these and see if there are any that you like using your own charts. Feel free to post your charts here with comments. The number 1 indicates that the condition is true. 0 is false. The numbers on the right half of the chart represent the time frames in days of the support or resistance areas where the signal was triggered. Symbol Buy Sell 500 200 125 50 ATUS.K 1 0 0 1 0 0 AMZN.O 1 0 0 1 1 0 AU 1 0 0 0 0 1 ARMK.K 1 0 0 1 0 0 BHR 1 0 0 0 1 0 DRI 1 0 0 0 1 0 XRAY.O 1 0 0 0 0 1 APPS.O 1 0 0 0 0 1 HPE 1 0 0 0 0 1 NVTA.K 1 0 1 0 0 0 USIG.O 1 0 0 0 1 0 AGG 1 0 0 0 0 1 LQD 1 0 0 0 1 0 MRK 1 0 0 0 1 1 NLS 1 0 0 0 0 1 PACB.O 1 0 0 1 0 0 SPIB.K 1 0 0 0 1 0 SPLB.K 1 0 0 0 1 0 SFIX.O 1 0 0 1 1 0 WSC.O 1 0 0 0 0 1 AVGO.O 0 1 0 0 1 0 BVN 0 1 1 1 0 0 SID 0 1 0 0 0 1 COUP.O 0 1 1 0 0 0 CS 0 1 1 0 0 0 CRWD.O 0 1 0 0 1 0 DQ 0 1 0 0 0 1 DFEN.K 0 1 1 0 0 0 COPX.K 0 1 0 0 0 1 AAXJ.O 0 1 0 0 1 0 JNJ 0 1 0 0 0 1 KDP.O 0 1 0 0 0 1 LULU.O 0 1 0 1 0 0 MGNI.O 0 1 0 1 0 0 MSFT.O 0 1 0 0 0 1 NKLA.O 0 1 0 0 1 0 SRE 0 1 0 0 0 1 SO 0 1 0 0 0 1 UNP 0 1 0 0 0 1 VERU.O 0 1 0 0 0 1 Totals 20 20 5 8 13 18 5 day Total 90 133 Spread -43 Here are a few sample charts from today's screen that look interesting. These are NOT RECOMMENDATIONS. They're interesting for different reasons. Feel free to comment. Click the chart to enlarge. Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 9, 2021 Report Share Posted June 9, 2021 If you are nimble of finger, quick on your feet and willing to forego sleep, there have been about a million opportunities to be long above 4223 and short below 4230 since June 4. Or, about a half million between 4218 and 4230. If my math is close, that's like 7 million points or so you could have pulled out of the market in the last week. Since I'm not nimble, quick, or sleep-deprived, it has been pretty much a snooze fest waiting for something to happen. 🙂 Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 Obviously nimble of finger. Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 Market's opening minutes based on the Wham doctrine. Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 9, 2021 Report Share Posted June 9, 2021 5 minutes ago, DrStool said: Market's opening minutes based on the Wham doctrine. Wake Me Up Before You Go-Go, or The Edge of Heaven? Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 The double post disappeared! Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 Now I don't know what this chart is saying, but whatever it is, it's loud. Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 May I have your attention please! Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 9, 2021 Report Share Posted June 9, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 2 hour bars. Does anybody here know what a cup and handle is? Should just say, "Is anybody here?" Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 9, 2021 Report Share Posted June 9, 2021 "Waiting for the damn thing to break out or down" didn't even make the list. I thought #27 was a little harsh, though. https://www.dailymail.co.uk/news/article-4159746/Selfies-Ed-Sheeran-boring-things.html Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 Jeeze. I went out for two hours and the market is exactly where it was when I left. Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 OH. Wait. Link to comment Share on other sites More sharing options...
DrStool Posted June 9, 2021 Author Report Share Posted June 9, 2021 My chart just updated. 🤣🤣🤣 Link to comment Share on other sites More sharing options...
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