Originally published at The Stool Pigeons Wire Daily.
This is raw data. They 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 from your own charts. Feel free to post your charts here with comments.
| Symbol | Buy | Sell | 500 | 200 | 125 | 50 |
| VNET.O | 1 | 0 | 0 | 0 | 1 | 0 |
| AY.O | 1 | 0 | 0 | 1 | 0 | 0 |
| BIDU.O | 1 | 0 | 0 | 0 | 1 | 0 |
| CX | 1 | 0 | 0 | 0 | 0 | 1 |
| ESNT.K | 1 | 0 | 0 | 0 | 1 | 0 |
| AQUA.K | 1 | 0 | 0 | 0 | 1 | 0 |
| HOG | 1 | 0 | 0 | 0 | 0 | 1 |
| HSBC.K | 1 | 0 | 0 | 0 | 0 | 1 |
| INSM.O | 1 | 0 | 0 | 1 | 0 | 0 |
| PSCE.O | 1 | 0 | 0 | 0 | 0 | 1 |
| IEZ | 1 | 0 | 0 | 0 | 0 | 1 |
| LADR.K | 1 | 0 | 1 | 0 | 0 | 0 |
| MTB | 1 | 0 | 0 | 0 | 0 | 1 |
| MAXR.K | 1 | 0 | 0 | 0 | 1 | 0 |
| MD | 1 | 0 | 0 | 0 | 0 | 1 |
| MGP | 1 | 0 | 0 | 0 | 0 | 1 |
| MS | 1 | 0 | 0 | 0 | 0 | 1 |
| NTR | 1 | 0 | 0 | 0 | 0 | 1 |
| PTEN.O | 1 | 0 | 0 | 0 | 0 | 1 |
| RF | 1 | 0 | 0 | 0 | 0 | 1 |
| RDSa | 1 | 0 | 0 | 0 | 0 | 1 |
| RDSb | 1 | 0 | 0 | 0 | 0 | 1 |
| SBRA.O | 1 | 0 | 0 | 0 | 0 | 1 |
| TEN | 1 | 0 | 0 | 0 | 0 | 1 |
| USFD.K | 1 | 0 | 0 | 0 | 0 | 1 |
| VER | 1 | 0 | 1 | 0 | 0 | 0 |
| YNDX.O | 1 | 1 | 0 | 1 | 0 | 0 |
| ADI.O | 0 | 1 | 0 | 0 | 0 | 1 |
| AVGO.O | 0 | 1 | 0 | 0 | 0 | 1 |
| CHD | 0 | 1 | 0 | 1 | 0 | 0 |
| ED | 0 | 1 | 0 | 1 | 0 | 0 |
| DHR | 0 | 1 | 0 | 0 | 0 | 1 |
| DLR | 0 | 1 | 0 | 1 | 0 | 0 |
| ETRN.K | 0 | 1 | 0 | 1 | 0 | 0 |
| WTRG.K | 0 | 1 | 0 | 0 | 0 | 1 |
| ES | 0 | 1 | 0 | 0 | 1 | 0 |
| GFI | 0 | 1 | 0 | 0 | 1 | 0 |
| HTA | 0 | 1 | 0 | 0 | 0 | 1 |
| INFN.O | 0 | 1 | 0 | 0 | 0 | 1 |
| IEI.O | 0 | 1 | 1 | 0 | 0 | 0 |
| EWJ | 0 | 1 | 0 | 0 | 0 | 1 |
| IWP | 0 | 1 | 0 | 0 | 1 | 0 |
| LMT | 0 | 1 | 0 | 1 | 0 | 0 |
| MXIM.O | 0 | 1 | 0 | 0 | 0 | 1 |
| MSFT.O | 0 | 1 | 0 | 0 | 0 | 1 |
| MRNA.O | 0 | 1 | 0 | 0 | 1 | 0 |
| NNDM.O | 0 | 1 | 0 | 0 | 1 | 0 |
| NBIX.O | 0 | 1 | 0 | 0 | 1 | 0 |
| PFE | 0 | 1 | 0 | 1 | 1 | 0 |
| PCG | 0 | 1 | 0 | 0 | 1 | 0 |
| RWM | 0 | 1 | 0 | 0 | 0 | 1 |
| PHYS.K | 0 | 1 | 1 | 0 | 0 | 0 |
| PSLV.K | 0 | 1 | 0 | 1 | 1 | 0 |
| SYNH.O | 0 | 1 | 0 | 0 | 0 | 1 |
| TTWO.O | 0 | 1 | 0 | 1 | 0 | 0 |
| TRP | 0 | 1 | 1 | 0 | 0 | 0 |
| TMO | 0 | 1 | 0 | 1 | 0 | 0 |
| VRNS.O | 0 | 1 | 0 | 0 | 1 | 0 |
| WEC | 0 | 1 | 0 | 1 | 0 | 0 |
| XLNX.O | 0 | 1 | 0 | 1 | 0 | 0 |
| Totals | 27 | 34 |
The scorecard today is 61 total signals, 27 buys, 34 sells. That’s a hefty total, and the nearly even balance shows how disjointed this market is. It’s characteristic of a rangebound meat grinder market that will stick its hand in your pocket grab your cash and grind it to useless dust.
I stupidly tried to trade this slop yesterday and it cost me, despite sticking to my system.
Today, thank goodness I have errands to run.
Here’s a sample chart with my proprietary squiggles, that I thought was interesting. Not a recommendation.
Click to engorge
I initially screen 9000 NYSE and NADSACS issues for stocks that have been trading more than 1 million shares per day and are trading above $6. There are normally between 30 and 100 results, depending on where we are in the cycle. There are more signals at cyclical turning points and fewer as a move progresses. Monday looked like a significant turning point. Fool me once, shame on you, Mr. Market.
I use these screens to pick stocks for my ready list for my personal trading, and also for my weekly swing trade chart picks for Technical Trader subscribers.
I developed the algorithm to hunt for stocks that looked primed to have a good move, ideally over a period of 4 weeks. In practice they range from 1 week to 7 weeks. I consider the move finished when they break trend support, using the indicators from which the screen program is constructed.
From the screen output I visually review the charts. I make my picks from that review.
There are usually between 2 and 8 good looking setups every day. The numbers are bigger around intermediate term turning points.
