Originally posted at Capitalstool, Wall Street Stool Pigeons Wire. Join me there during the trading day!
No surprise, bears won yesterday’s screen game. But surprise, not by much 26 sells to 21 buys. That compares with Monday’s 37 sell signals and 9 buy signals.
The 5 day totals are 156 buys and 101 sells. The net positive of +55. Uhhhh… Surprise? That’s more than Monday’s spread of +32.
Is this just lag, or presaging some upside evil to be sprung upon us? I don’t know. Using these screen results as a market indicator is something new. We’ll just have to see.
I screen all stocks and ETFs from the NYSE and NASD, excluding those with less than an average of 1 million shares per day traded, and selling for less than $6 per share. The table below shows swing trade buy signals and sell signals from yesterday’s action. The numbered columns represent the time frame of the support or resistance trend around which the signals were generated.
Here is today’s output. The number 1 indicates that the condition is true. 0 is false. The numbers on the right half of the chart represent the time frames in days of the support or resistance areas where the signal was triggered.
| Symbol | Buy | Sell | 500 | 200 | 125 | 50 |
| AMKR.O | 1 | 0 | 0 | 0 | 1 | 0 |
| TECL.K | 1 | 0 | 0 | 0 | 0 | 1 |
| ETSY.O | 1 | 0 | 0 | 1 | 0 | 0 |
| FEYE.O | 1 | 0 | 0 | 0 | 1 | 0 |
| MUB | 1 | 0 | 0 | 0 | 1 | 0 |
| KOPN.O | 1 | 0 | 0 | 0 | 1 | 0 |
| MCHP.O | 1 | 0 | 0 | 0 | 1 | 0 |
| MU.O | 1 | 0 | 0 | 0 | 1 | 0 |
| MSFT.O | 1 | 0 | 0 | 0 | 0 | 1 |
| NLOK.O | 1 | 0 | 0 | 0 | 0 | 1 |
| ON.O | 1 | 0 | 0 | 0 | 1 | 0 |
| PYPL.O | 1 | 0 | 0 | 0 | 1 | 0 |
| PENN.O | 1 | 0 | 0 | 1 | 0 | 0 |
| PVG | 1 | 0 | 0 | 1 | 0 | 0 |
| PTC.O | 1 | 0 | 0 | 0 | 1 | 0 |
| XLK | 1 | 0 | 0 | 0 | 0 | 1 |
| TMO | 1 | 0 | 0 | 1 | 0 | 1 |
| TSN | 1 | 0 | 0 | 0 | 0 | 1 |
| SLCA.K | 1 | 0 | 0 | 0 | 0 | 1 |
| VRTX.O | 1 | 0 | 0 | 0 | 0 | 1 |
| WB.O | 1 | 0 | 0 | 1 | 1 | 0 |
| APH | 0 | 1 | 0 | 0 | 0 | 1 |
| COG | 0 | 1 | 0 | 1 | 0 | 1 |
| CHKP.O | 0 | 1 | 0 | 0 | 1 | 0 |
| CLVT.K | 0 | 1 | 0 | 0 | 1 | 0 |
| DAR | 0 | 1 | 0 | 0 | 0 | 1 |
| TECS.K | 0 | 1 | 0 | 0 | 0 | 1 |
| ERIC.O | 0 | 1 | 0 | 0 | 0 | 1 |
| MJ | 0 | 1 | 0 | 0 | 1 | 0 |
| EB | 0 | 1 | 0 | 0 | 0 | 1 |
| GM | 0 | 1 | 0 | 0 | 0 | 1 |
| GBOX.O | 0 | 1 | 0 | 0 | 1 | 0 |
| HBI | 0 | 1 | 0 | 0 | 0 | 1 |
| HIG | 0 | 1 | 0 | 0 | 0 | 1 |
| HFC | 0 | 1 | 0 | 0 | 0 | 1 |
| IR | 0 | 1 | 0 | 0 | 0 | 1 |
| EWJ | 0 | 1 | 0 | 0 | 1 | 1 |
| MARA.O | 0 | 1 | 0 | 0 | 1 | 0 |
| NRZ | 0 | 1 | 1 | 0 | 0 | 0 |
| NKE | 0 | 1 | 0 | 0 | 1 | 0 |
| OXY | 0 | 1 | 0 | 0 | 0 | 1 |
| RDSa | 0 | 1 | 1 | 0 | 0 | 1 |
| LUV | 0 | 1 | 0 | 0 | 0 | 1 |
| VTR | 0 | 1 | 0 | 0 | 0 | 1 |
| VET | 0 | 1 | 1 | 0 | 0 | 0 |
| WELL.K | 0 | 1 | 0 | 0 | 0 | 1 |
| XRX | 0 | 1 | 0 | 0 | 0 | 1 |
| Totals | 21 | 26 | 3 | 6 | 17 | 26 |
This is raw data. These 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 using your own charts. Feel free to post your charts here with comments.
Every weekend I use the previous week’s screens to select charts that have potential for a move, and I post them for subscribers.
Second Wind – Swing Trade Picks For Week of May 10, 2021
LEE ADLERHere are a few that look interesting. Again, these are NOT RECOMMENDATIONS.
Click the chart to enlarge
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