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Bees Are Finding 5/14/24

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In running my daily stock screens for my personal trading account, I've been getting some bizarre results over the past week. Today was no exception.

These are the same screens that I run for the weekly swing trade chart picks report in Liquidity Trader's Technical Trader service. Over the past week or so, there have still been a preponderance of buys in the first step, where the algo looks for stocks in setups that represent up or down trends with some likelihood of continuing. But the second step is what I call the trigger screen. It looks at the first group to see if there's a buy or sell signal on that day.  Lately, we've been coming up with big fat zeros on the buy side. 

Today, based on yesterday's closing prices in step one, buys outnumbered sells by 69 to 24. But the trigger screens yielded no buys. Not one of the 69 stocks on the buy side triggered a buy signal yesterday. On the sell side, 3 of the 24 triggered sell signals. So there's not much doing there either. 

I guess that means that if you are going to pick something in this market, it should be your nose. 

Meanwhile, I had a bunch of both longs and shorts in my little trading port, with some nice profits in the longs that I harvested yesterday, leaving me with just a few tiny short positions while picking my nose. I'm also adding 1/3 positions in the 3 short sale candidates. I can hardly say that I'm filled with confidence that these will turn into winners. 

Normally, when I'm feeling such a lack of confidence it's a good sign, but thinking that it's a good sign balances that out. So I try not to be optimistic, or feeling that I have any idea of what I'm doing. That's a sure sign that a spanking is coming. 

As for the ES, Wow, can we handle the excitement. It looks like May 7, a day that will live in family where nothing happened, and then there was a shakeout, leading to another day of nothing happening, and so on. 

Don't you just love this market. 

Not being the Amazing Kreskin, I do not predict. I just report. The market decides. 


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None of the normal patterns I look for in the daily action in the 10 stocks I watch every day are conforming to what was happening up til mid April.  I have to take more risk for smaller rewards and every day is a fight just to stay even or a little up.  I wish we would get the washout just so we get back to a semblance of normalcy.

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“Sell in May and go away,” looks like a good idea again this year. The time has come. The time is now. Here’s why.   Non-subscribers, click here for access. 

Subscribers, click here to download the report.

KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! 

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hourly oscillators just edged back to the buy side. This is an ugly setup. 

Stop this! Right now! Or else!


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