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Launch Sequence 10/1/24

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Has been initiated. Will we have liftoff or failure? I don't know about you, but I'm counting down. Swing Trade Screen Picks – Ignoring a Flood of Sell Signals

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Bond market on the cusp of trend break or resumption. The Longer This Goes On, The More Fragile It Becomes

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8-10 years ago, a lot of clueless people bought BTC under $1000. Poor things. But I was smart. I said it's a fraud, a bubble. I didn't get suckered. Good thing I'm smart. 

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Anything left in this tank? Here’s a Gold Thing Going Parabolic 

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For moron the markets see:

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End of quarter Fed RRP slush fund window dressing more subdued than normal. It all magically disappears on the first day of the new quarter. On July 1, the drop was $212 billion. Be interesting to see how much this time. 

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They're headed for zero. Then what. The Longer This Goes On, The More Fragile It Becomes

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As of September 30 closing prices, the list had an average gain of 9.9% up from + 7.4% the previous week, on an average holding period of 28 calendar days, up from an average of 22 days. Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

Current screens yielded 265 short-term buys and an incredible 749 short-term sells, which was more than half the total number of stocks that met price and volume minimums. After applying long term trend structure and intermediate term filters, there were 38 buys and 90 sells. Is that a lot? Yes.  Non-subscribers click here for access.

I reviewed the charts, but once again, given the ongoing bullishness of the broad market analysis I was looking for airtight setups on the short side, if such a thing exists. I didn’t see anything resembling that. My impression is that these charts are not clear-cut shorts. Either these are false starts, or too early. I reluctantly added 3 that I felt had the best risk/reward setups, just to dip a toe in the bearish waters.  Non-subscribers click here for access.

Balancing that, I found 3 charts that I liked on the buy side and I’m adding those.  Non-subscribers click here for access.

1 pick was dropped from the list since our last look, as shown. I am letting the rest of the existing picks ride, with added or adjusted stops in some cases. Including the new picks, that will leave 19 open picks. Non-subscribers click here for access.

To view the list and charts of open picks, Non-subscribers click here for access.

Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! 

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