DrStool Posted May 26, 2021 Report Share Posted May 26, 2021 The Barfing Brontosaurus enlarged its head yesterday as it prepared to projectile vomit. Uptrend channels remain intact. Firing mechanisms are currently placed at 4213. All systems will be go upon clearing that level. The final launch abort measure is at 4216. Once clear of that, internal accelerant processes will ignite, and the monster will begin ejection of the churning digestive material. We could then expect that material to reach the previous peak of 4237, where it would begin to spatter, with some falling back in the faces of the drunken, bacchanalian, partying throng, participating in the spectacle. Prudent people will sit back and watch in disgust. Gunslingers will take part, and exit before being showered with the monster's preshit. Should this sequence fail to develop, the monster should stick his head back in the toilet below 4187. At Capitalstool, things come out a little differently. 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, Stock Market Meat Grinder Running in an Uptrend LEE ADLER 2 - TECHNICAL TRADER MAY 24, 2021 The Meat Grinder Prevails – Swing Trade Picks For Week of May 24, 2021 LEE ADLER 2 - TECHNICAL TRADER MAY 23, 2021 Banking System Fragile As Fuse For Implosion Nears Ignition LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MAY 23, 2021 Link to comment Share on other sites More sharing options...
GregFokker Posted May 26, 2021 Report Share Posted May 26, 2021 😂 Link to comment Share on other sites More sharing options...
Jimi Posted May 26, 2021 Report Share Posted May 26, 2021 Lunar eclipses are cool. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2021 Author Report Share Posted May 26, 2021 Yesterday's screen game ended in a tie, 9 buys and 9 sells, which is an extremely low total and even less than Monday's 16 buys to 5 sells. The reduction in the total number of signals is because there have been so many buy signals in the past two weeks that there are few left to trigger. And there's no new wave of sell signals yet. So we're still in the residual momentum stage of the 153 to 6 bull stampede on May 14. That suggested a new bull swing phase. It hasn't really materialized yet, and it feels like we're at a now or never stage. The 5 day total is now 125 buys to 60 sells, a spread of +65. That's down from +82 yesterday, and a peak reading of +218 on Thursday, May 20. The surge of buy signals showed that bunch of stocks were set up for rallies, but it hasn't really materialized in a big way. Does that suggest that a collapse is imminent? I don't know. I'll just follow the numbers as they develop. The market averages were volatile but rangebound as the short term swing buy signals increased. It suggested basing. It suggested that the dealers were shaking the trees to pick up the low hanging ripe fruit inventory. We'll just have to see if the numbers are right. If these numbers mean anything, a lot of stocks will break out to the upside, or at least move up to the top of their ranges. We saw the start of that on Monday, but so far, little follow through. What a tease. 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. Here is today's output. 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 APLS.O 1 0 0 0 1 0 DQ 1 1 0 0 0 1 DLTR.O 1 0 0 0 1 0 KR 1 0 0 0 0 1 MOGO.O 1 0 0 0 1 0 NKE 1 0 0 0 0 1 OUT 1 0 0 0 0 1 TOL 1 0 0 0 0 1 ASHR.K 1 0 0 0 1 0 ABC 0 1 0 0 0 1 AMGN.O 0 1 0 0 0 1 D 0 1 0 0 0 1 HDB 0 1 0 0 1 0 IBB.O 0 1 0 0 0 1 MRK 0 1 0 1 0 0 NWSA.O 0 1 0 0 0 1 WVE.O 0 1 0 0 0 1 Totals 9 9 0 1 5 11 5 day Total 125 60 Spread 65 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 using your own charts. Feel free to post your charts here with comments. Every weekend I use the previous week's screens to select charts that have potential for a move, and I post them for subscribers. The Meat Grinder Prevails – Swing Trade Picks For Week of May 24, 2021 LEE ADLER 2 - TECHNICAL TRADER MAY 23, 2021 You can see which ones I actually pick each week by subscribing to Technical Trader. Try it for 90 days risk free (first time subscribers). Subscription Plans Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2021 Author Report Share Posted May 26, 2021 Decisive trend break, but still need to break sport at 4178 to reverse the trend. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2021 Author Report Share Posted May 26, 2021 Out for a while. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2021 Author Report Share Posted May 26, 2021 Bought a new suitcase for the renewal of my journey starting July 1. Big enough to fit my free standing monitor, and all my clothes including both pairs of pants, both shirts, both sweaters and all 40 pairs of underwear. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2021 Author Report Share Posted May 26, 2021 What is so great about 4200? Really. Link to comment Share on other sites More sharing options...
PullMyFinger Posted May 26, 2021 Report Share Posted May 26, 2021 32 minutes ago, DrStool said: What is so great about 4200? Really. About a million touches of 4200 since yesterday morning. Like if you slightly pull up or down on a rubber band and it vibrates a little, then returns to homeostasis at 4200 until the band is plucked slightly again. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2021 Author Report Share Posted May 26, 2021 Yeah. Bullish! Link to comment Share on other sites More sharing options...
PullMyFinger Posted May 26, 2021 Report Share Posted May 26, 2021 23 minutes ago, DrStool said: Yeah. Bullish! YM hasn't exactly been a prize either. Doing a similar thing of 80-100 points on either side of 34325. Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 26, 2021 Report Share Posted May 26, 2021 1 hour ago, DrStool said: What is so great about 4200? Really. Could be a Central Bank Drinking Game.........🍺 >: If the day ends exactly at 4200, everyone has to do a Brother Bluto and guzzle down a bottle of Jack Daniels. Link to comment Share on other sites More sharing options...
PullMyFinger Posted May 26, 2021 Report Share Posted May 26, 2021 15 minutes ago, MisFit Kid said: Could be a Central Bank Drinking Game.........🍺 >: If the day ends exactly at 4200, everyone has to do a Brother Bluto and guzzle down a bottle of Jack Daniels. "They confiscated everything. Even the stuff we didn't steal." Link to comment Share on other sites More sharing options...
Jorma Posted May 26, 2021 Report Share Posted May 26, 2021 What's so great about US Treasury securities? Link to comment Share on other sites More sharing options...
PullMyFinger Posted May 26, 2021 Report Share Posted May 26, 2021 Bezos stepping down as CEO of Amazon. Guessing he may be angling to be named CEO of the universe instead. Link to comment Share on other sites More sharing options...
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