The all important 6 month and 10-12 month cycles are coming into the idealized time window for a low. Whether last week was it is doubtful at the moment. Indicators on cycles all the way down to 4 weeks are not yet on buy signals. 4 week cycle indicators are on the cusp. This report shows you where things stand and what needs to happen to trigger the next big move.
Last week the swing trade chart pick list showed an average gain of 1.2% on an average holding period of 10 calendar days. Unfortunately, one pick was an absolute disaster, crushing the list average. 8 picks were stopped out. 4 remain. One will be closed as of Monday’s open.
Technical screens of 8700 listed issues generated 79 charts with swing trade signals based on Friday’s close. 74 of those were buy signals. Only 5 were sell signals. After visual review of those 79 charts, I have selected 10 additions to the swing trade chart pick list.
These reports are not investment advice. They are for informational purposes, for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.