DrStool Posted April 30, 2021 Report Share Posted April 30, 2021 This market is full of potholes! Back in 2019 I was driving my old 350Z convertible in Philly. I turned onto a street that contractors had just stripped of the asphalt topping. The raised manhole covers were sticking out about a foot. I went over one of them. It took at the bottom of my car and ripped the frame to shreds. The car was totaled. Hourly indicators only came down to around neutral and are just sitting there. Until they go negative benefit of the doubt goes with the trendlines. Which, in case you haven't noticed, are still all green. The 2 day cycle down phase is 4178, which they already hit on yesterday's pothole. But the V rocket fell short of a new high. Buys held an edge in the stock screens. I'll get to that below. Markets Awash in Cash – Where, How, and How Long, Revealed LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS APRIL 28, 2021 Stock Market Gets Knocked Down But Still Packs Punch LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 Get ’em While They’re Hot – Swing Trade Picks For Week of April 26, 2021 LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 If you are a new visitor here, 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. Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 Bulls took yesterday's screen game with 16 buys and 11 sells. This is swing trade buy signals vs. sell signals from yesterday's action. 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. These are again very low numbers for the second straight day. 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 LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 Here is today's output. Symbol Buy Sell 500 200 125 50 BJ 1 0 0 0 0 1 BFb 1 0 0 1 0 0 CPB 1 0 1 0 0 0 CB 1 0 0 0 0 1 CMCSA.O 1 0 0 0 0 1 JNPR.K 1 0 0 0 0 1 LYB 1 0 0 0 0 1 OSTK.O 1 0 0 1 1 1 MINT.K 1 0 0 0 0 1 QCOM.O 1 0 0 1 0 0 RLGY.K 1 0 0 0 1 1 SIX 1 0 0 0 0 1 TU 1 0 0 0 0 1 TXN.O 1 0 0 0 0 1 UL 1 0 1 0 1 0 XLNX.O 1 0 0 0 1 0 MRK 0 1 0 0 0 1 AMD.O 0 1 0 1 1 0 AZN.O 0 1 0 1 0 0 CTXS.O 0 1 0 0 1 1 CREE.O 0 1 0 0 1 1 YINN.K 0 1 0 1 0 0 EBAY.O 0 1 0 0 0 1 F 0 1 0 0 0 1 TS 0 1 0 0 0 1 TME 0 1 0 1 0 0 TCOM.O 0 1 0 0 0 1 Totals 16 11 2 7 7 18 Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 Oh it's getting oogly out there. Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 It's almost a downtrend. Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 Charts of interest. Not recommendations. Decision time. Make up your f-ing mind. Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 Infant downtrend Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 After gathering all the data, and carefully considering it, weighing both pro and con, my professional opinion is that the market is fucked up. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 30, 2021 Report Share Posted April 30, 2021 I concur. Lol Link to comment Share on other sites More sharing options...
Mkucstars Posted April 30, 2021 Report Share Posted April 30, 2021 Momentum has changed. Selling at the open, prop job at the close. I made another grand this morning and got out premarket just before the market opened. Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 Baby downtrend still intact. Here it is on the 30 minute bars. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 30, 2021 Report Share Posted April 30, 2021 Q's want to close the gap but I'm going to short them when they do Link to comment Share on other sites More sharing options...
Mkucstars Posted April 30, 2021 Report Share Posted April 30, 2021 Well now, I'm officially on fire. Woo hoo! Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 sport line 4172. Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2021 Author Report Share Posted April 30, 2021 2-3 day cycle projection 4175. Done Link to comment Share on other sites More sharing options...
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