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The Dirty Dozen – 12 Charts from Yesterday’s Swing Trade Screen Bear Victory

Originally posted at Capitalstool.

Bears won the screens yesterday, bigtime. There were just 9 swing trade buy signals versus 52 sell signals, a spread of -43.  The bears also won Wednesday, with 27 sells vs 21 buys. It’s not thrust level yet, but bears seem to be coming out of hibernation.

Back on May 14 we had a surge of 153 buy signals to 6 sells.  That showed thrust. It suggested a new bull swing phase. It never fully materialized but we’d need to see substantially more sell signals to indicate a reverse thrust.

The 5 day total is now 118 buys to 139 sells, a spread of -21. That’s the first negative number since I started keeping track of this stat in April. That trend was diminishing, but positive, since a peak reading of +218 on Thursday, May 20. The surge of buy signals showed that bunch of stocks were set up for rallies. They tried, but kept running out of momentum.

Does it mean that a collapse is imminent? I’m beginning to wonder. But i’m not trying to anticipate with this. I’ll just follow the numbers as they develop. These numbers are barely negative but, tor the first time in a long time, the benefit of the doubt goes to the sell side.

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.

Every weekend I use the previous week’s screens to select charts that have potential for a move, and I post them for subscribers.

Volatility Subsides, But Range Remains, Picking off Stops

Today’s output is below. This is raw data. These are not recommendations. The data 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.

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
MO 1 0 0 0 0 1
CLGX.K 1 0 0 0 0 1
ESTC.K 1 0 0 0 0 1
EXEL.O 1 0 0 0 1 0
FSR 1 0 0 0 0 1
GEO 1 0 0 0 0 1
NTAP.O 1 0 0 0 0 1
PNW 1 0 0 0 0 1
SKX 1 0 0 0 0 1
DDD 0 1 0 0 1 0
AER 0 1 0 0 0 1
ARKF.K 0 1 0 1 0 0
TEAM.O 0 1 0 0 1 0
AUPH.O 0 1 0 1 0 0
ADSK.O 0 1 0 1 0 0
BBY 0 1 0 0 0 1
BBL 0 1 0 0 0 1
BNGO.O 0 1 0 0 0 1
BLNK.O 0 1 0 0 0 1
BSX 0 1 0 0 0 1
GOOS.K 0 1 0 0 1 1
CPRI.K 0 1 0 0 0 1
PRTS.O 0 1 0 0 1 0
CS 0 1 1 0 0 0
ENPH.O 0 1 0 0 0 1
EQC 0 1 1 0 0 0
GPRO.O 0 1 0 0 0 1
HLT 0 1 0 0 0 1
HIMX.O 0 1 0 0 1 0
IR 0 1 0 0 0 1
INO.O 0 1 0 0 0 1
QQQ.O 0 1 0 0 0 1
SHYG.K 0 1 0 0 0 1
LQD 0 1 1 0 0 0
MCHI.O 0 1 0 1 0 0
IWF 0 1 0 0 0 1
IVW 0 1 0 0 0 1
JBLU.O 0 1 0 0 0 1
LVS 0 1 0 0 1 0
MOMO.O 0 1 0 1 0 1
PAAS.O 0 1 0 1 1 1
QLD 0 1 0 0 0 1
ROKU.O 0 1 0 0 0 1
SCCO.K 0 1 0 0 1 0
LUV 0 1 0 0 0 1
SPAB.K 0 1 0 0 0 1
SPTL.K 0 1 0 0 0 1
SPYG.K 0 1 0 0 0 1
SPTS.K 0 1 0 1 0 0
XHB 0 1 0 0 0 1
STM 0 1 0 1 0 0
SYK 0 1 0 0 0 1
XLK 0 1 0 0 0 1
TPX 0 1 0 0 0 1
UMC 0 1 0 0 0 1
USFD.K 0 1 0 0 0 1
BND.O 0 1 0 0 0 1
WB.O 0 1 0 0 1 0
WY 0 1 0 0 0 1
WSC.O 0 1 0 0 0 1
HYLB.K 0 1 0 0 0 1
Totals 9 52 3 8 10 44
5 day Total 118 139 Spread -21

You can see which ones I actually pick each week by subscribing to Technical Trader. Try it for 90 days risk free (first time subscribers).

Here are a few sample charts from today’s screen that look interesting. These are NOT RECOMMENDATIONS.  They’re interesting for different reasons. Feel free to comment.

Click the chart to enlarge.

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https://liquiditytrader.com/index.php/get-lee-adlers-liquidity-trader-delivered-instantly/#tt

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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