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Repeat Tuesday's Headline 4/29/21

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Remember this oldy but goody? 4220 or Bust 4/27/21 

The new 2-3 day cycle projection is 4210. Can't make a precise 5 day cycle projection, but if the market doesn't pull back much before NY opens, we'd be looking at around 4225-30.  

The codpiece pattern breakout measures to around 4250. 

Trend resistance is around 4203 in the 5-6 AM hour in New Yak. That would of course become sport if they clear it. The next sport lines below that would be around 4198 and 4193. The next resistance would be around 4210. 

Hourly indicators remain on the buy side. They're a few ticks below where they usually peak in this market. I would guess that we'd need a little negative divergence before the next intraday cycle rollover. 

tvc_b643edbdd12d9b6c19c09c915acc64e1.png

 

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Bulls took yesterday's screen game with 17 buys and 12 sells. 

This is swing trade buy signals vs. sell signals from yesterday's action.  

These are very low numbers. The market is apparently riding the residual momo from the 58-16 bull win from Monday's action. And that could be a second wind off the thrust of the 155 buy signals that started the 6 month cycle up phase back on March 28. That was the Big Kahuna.

This is raw data. These are not recommendations. They 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 from your own charts. Feel free to post your charts here with comments. 

You can see which ones I actually pick each week by subscribing to Technical Trader. 

Get ’em While They’re Hot – Swing Trade Picks For Week of April 26, 2021

Here is today's  output. 

Symbol Buy Sell 500 200 125 50
ATVI.O 1 0 0 0 0 1
BABA.K 1 0 0 0 0 1
BP 1 0 0 0 0 1
CNI 1 0 0 0 1 0
GOL 1 0 0 0 1 0
GPK 1 0 0 0 0 1
INFN.O 1 0 0 0 1 1
KSS 1 0 0 0 0 1
MGI.O 1 0 0 0 1 0
MRVL.O 1 0 0 0 0 1
NLSN.K 1 0 0 0 0 1
PTEN.O 1 0 0 0 1 0
SHOP.K 1 0 0 0 1 1
SJI 1 0 0 0 0 1
TFC 1 0 0 0 0 1
TIP 1 0 0 0 1 0
YUMC.K 1 0 0 0 0 1
AVGO.O 0 1 0 0 0 1
BXP 0 1 1 0 0 0
CADE.K 0 1 0 0 0 1
CNK 0 1 0 0 0 1
CSIQ.O 0 1 0 0 0 1
DD 0 1 0 0 0 1
DEI 0 1 0 0 0 1
ENPH.O 0 1 0 0 1 1
INCY.O 0 1 0 0 1 0
MU.O 0 1 0 0 0 1
SAVE.K 0 1 0 0 0 1
SPOT.K 0 1 0 1 0 1
             
Totals 17 12 1 1 9 22

 

 

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Now, let's go to the films. I report, you decide. These are not recommendations, simply charts that I find interesting. Buy or sell? You tell me!

image.png

image.png

 

The charts are really boring today. Nothing stands out. Everything looks like it could go either way. 

Meanwhile there's a plane over my neighborhood that keeps buzzing us. It's nerve-wracking. 😠😠

 

 

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Rapidly approaching el momento de verdad numero dos on 60M NQ. Piereced the moon spoke that represented yesterday's support. Much below 13880-ish, and it gets really interesting. But let's see if 13880 gives a bounce. 

Screen Shot 2021-04-29 at 8.38.05 AM.png

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