DrStool Posted July 8 Report Share Posted July 8 This morning the ES has reached a 5 day cycle projection of 5570. But it needs to drop below 5555 to break the uptrend. Swing Trade Screen Picks – Summer’s Here, Dive In LEE ADLER 2 - TECHNICAL TRADER JULY 8, 2024 For a second straight week, more than half the stocks in the market generated short-term signals on Friday. 350 short term buy signals and 390 sell signals triggered, out of the 1426 stocks that met minimum price and volume criteria. Like the previous week, they were again nearly evenly divided between buy and sell signals with a slight edge to the sell side. The market averages are climbing but many stocks are not. Non-subscribers click here for access. Technical Trader subscribers click here to download the complete report. After applying long term structure filters there were 24 buys and 35 sells. In other words, less than 10% of the short-term signals that appeared to have the potential for bigger moves. I added 4 buys because they appeared to be ready to emerge from nice bases. I’ll give them a couple of weeks to swim or sink. Non-subscribers click here for access. I added one short. Non-subscribers click here for access. Chart picks tracking table and charts, below. Non-subscribers click here for access. Past performance does not suggest future results. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! For moron the markets, see: Swing Trade Screen Picks – Summer’s Here, Dive In July 8, 2024 Big Move in Superficial Intelligence July 7, 2024 Tax Collections Post Strong Gain in June July 4, 2024 Gold is Nowhere Man July 3, 2024 Liquidity Shows It’s Time to Get Out July 2, 2024 For Primary Dealers Easy Street is No More June 26, 2024 When Gold Breaks Out June 25, 2024 The Fed Doesn’t Matter Any More May 1, 2024 If you are a new visitor to the Stool, 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 folder. Link to comment Share on other sites More sharing options...
DrStool Posted July 8 Author Report Share Posted July 8 5 day cycle projection of 5570 was overshot. 2-3 day 5580, done. Big Move in Superficial Intelligence Link to comment Share on other sites More sharing options...
DrStool Posted July 8 Author Report Share Posted July 8 Due for a 5 day cycle low between now and tomorrow PM. Link to comment Share on other sites More sharing options...
SiP Posted July 8 Report Share Posted July 8 asml in Europe new high Link to comment Share on other sites More sharing options...
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