Originally posted at Capitalstool.The Wall Street Stool Pigeons Wire
Bears won yesterday’s screen game, of course. The score was only 41 to 7, a spread of -34. Weird. Tuesday’s score was Bears 26, Bulls 21. I would have thought that two days of carnage. Maybe it’s just lag. Maybe many stocks are holding up ok. Or maybe my screening methodology is horseshit.
The 5 day moving total is only 130 sells to 129 buys. It’s definitely deteriorating, but this is hardly a number that would seem to justify the clobbering we just saw.
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 |
| Totals | 7 | 41 | 8 | 8 | 14 | 21 |
| CLVT.K | 1 | 0 | 0 | 0 | 1 | 0 |
| LABU.K | 1 | 0 | 1 | 0 | 0 | 0 |
| EPD | 1 | 0 | 0 | 0 | 0 | 1 |
| EXAS.O | 1 | 0 | 1 | 0 | 0 | 0 |
| GPN | 1 | 0 | 0 | 1 | 0 | 0 |
| NTLA.O | 1 | 0 | 0 | 0 | 1 | 0 |
| MVIS.O | 1 | 0 | 0 | 0 | 0 | 1 |
| ADBE.O | 0 | 1 | 0 | 0 | 0 | 1 |
| AXL | 0 | 1 | 0 | 0 | 0 | 1 |
| ARCC.O | 0 | 1 | 0 | 0 | 0 | 1 |
| BALY.K | 0 | 1 | 0 | 0 | 1 | 0 |
| CIEN.K | 0 | 1 | 0 | 0 | 1 | 0 |
| CNDT.O | 0 | 1 | 0 | 0 | 0 | 1 |
| CREE.O | 0 | 1 | 0 | 1 | 0 | 0 |
| GUSH.K | 0 | 1 | 0 | 0 | 0 | 1 |
| TECL.K | 0 | 1 | 0 | 0 | 1 | 0 |
| D | 0 | 1 | 1 | 0 | 0 | 0 |
| EIX | 0 | 1 | 0 | 1 | 0 | 0 |
| FEYE.O | 0 | 1 | 0 | 0 | 0 | 1 |
| FLEX.O | 0 | 1 | 0 | 0 | 1 | 1 |
| GOGO.O | 0 | 1 | 0 | 0 | 1 | 0 |
| INTC.O | 0 | 1 | 1 | 0 | 0 | 0 |
| PCY | 0 | 1 | 1 | 0 | 0 | 0 |
| IRDM.O | 0 | 1 | 0 | 1 | 0 | 0 |
| IEF.O | 0 | 1 | 0 | 0 | 0 | 1 |
| EWY | 0 | 1 | 0 | 0 | 0 | 1 |
| KAR | 0 | 1 | 1 | 0 | 0 | 0 |
| KMB | 0 | 1 | 0 | 0 | 0 | 1 |
| KGC | 0 | 1 | 0 | 1 | 0 | 0 |
| KLAC.O | 0 | 1 | 0 | 0 | 1 | 0 |
| LAUR.O | 0 | 1 | 0 | 1 | 1 | 0 |
| LITE.O | 0 | 1 | 1 | 0 | 0 | 0 |
| MGY | 0 | 1 | 0 | 0 | 0 | 1 |
| NTNX.O | 0 | 1 | 0 | 1 | 0 | 0 |
| PVG | 0 | 1 | 0 | 0 | 1 | 0 |
| PUMP.K | 0 | 1 | 0 | 0 | 0 | 1 |
| SCHR.K | 0 | 1 | 0 | 0 | 0 | 1 |
| SQM | 0 | 1 | 0 | 0 | 1 | 1 |
| SPTS.K | 0 | 1 | 0 | 0 | 1 | 0 |
| TPX | 0 | 1 | 0 | 0 | 0 | 1 |
| EMLC.K | 0 | 1 | 1 | 0 | 0 | 0 |
| GDXJ.K | 0 | 1 | 0 | 0 | 1 | 0 |
| VGIT.O | 0 | 1 | 0 | 0 | 0 | 1 |
| VGSH.O | 0 | 1 | 0 | 0 | 0 | 1 |
| VIAV.O | 0 | 1 | 0 | 0 | 0 | 1 |
| WMT | 0 | 1 | 0 | 0 | 1 | 0 |
| WPM | 0 | 1 | 0 | 1 | 0 | 0 |
| WYNN.O | 0 | 1 | 0 | 0 | 0 | 1 |
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 ADLERA few sample charts from today’s screen. Here are a few that look interesting. Again, these are NOT RECOMMENDATIONS.
Click the chart to enlarge
Bottom, or crash?
