Originally posted at Capitalstool’s Stool Pigeons Wire Message Board.
Here is the list of charts my screens spit out today. This is unfiltered. These are not recommendations. I figure you stoolies know enough that you can look at some of these on your own charts and do with them what you will. I will pick a few to add to my ready list for my trading today. Those I will not share with you.
I also use these lists, particularly the weekend run, for my chart picks in the weekly Technical Trader reports. After running the screen, I eyeball the charts for the best risk/ reward setups for swing trades.
Symbol | Buy | Sell | 500 | 200 | 125 | 50 |
BIIB.O | 1 | 0 | 0 | 1 | 0 | 0 |
BMY | 1 | 0 | 0 | 1 | 0 | 0 |
CHTR.O | 1 | 0 | 0 | 1 | 0 | 1 |
KO | 1 | 0 | 1 | 0 | 0 | 0 |
CCK | 1 | 0 | 0 | 0 | 0 | 1 |
LSCC.O | 1 | 0 | 0 | 0 | 0 | 1 |
LBRDK.O | 1 | 0 | 0 | 0 | 1 | 0 |
MXL | 1 | 0 | 0 | 0 | 0 | 1 |
ON.O | 1 | 0 | 0 | 0 | 0 | 1 |
TER.O | 1 | 0 | 0 | 0 | 1 | 0 |
UBS | 1 | 0 | 0 | 0 | 0 | 1 |
EGHT.K | 0 | 1 | 0 | 0 | 0 | 1 |
AEE | 0 | 1 | 0 | 0 | 1 | 0 |
ARLO.K | 0 | 1 | 0 | 0 | 0 | 1 |
CLSK.O | 0 | 1 | 0 | 0 | 0 | 1 |
DUK | 0 | 1 | 0 | 0 | 1 | 0 |
KODK.K | 0 | 1 | 0 | 0 | 0 | 1 |
ELYS.O | 0 | 1 | 0 | 0 | 0 | 1 |
FDX | 0 | 1 | 0 | 0 | 1 | 0 |
HSIC.O | 0 | 1 | 0 | 0 | 1 | 0 |
INSM.O | 0 | 1 | 0 | 0 | 1 | 0 |
LHX | 0 | 1 | 1 | 0 | 0 | 0 |
NNN | 0 | 1 | 1 | 0 | 0 | 0 |
PPL | 0 | 1 | 0 | 1 | 0 | 1 |
RPAY.O | 0 | 1 | 0 | 0 | 1 | 0 |
UPS | 0 | 1 | 0 | 0 | 1 | 1 |
VKTX.O | 0 | 1 | 1 | 0 | 0 | 0 |
WAB | 0 | 1 | 0 | 0 | 0 | 1 |
Totals | 11 | 17 |
There were again only 28 charts with good signal setups out of the 9000 listed issues that I screen. That’s the same number as yesterday, but with one big difference. It’s the first time in weeks that there were more sells than buys.
The screens weed out those selling for under $6 and where volume averages less than 1 million shares a day. That usually leaves about 1500-1600 that get the technical analysis treatment.
A week ago they were spitting out 100 good signal charts for a couple of days. Now there are far fewer. That’s a normal part of a maturing move. Also, last week 95% of the signals were on the buy side. That changed yesterday when only 75% were bullish. Today, the majority are sell signals.
You heard it here first. Now I’m going to look at these and see if there are any worth buying or shorting today.
Go ahead and pick through the list. Feel free to post your thoughts and upload your charts.
To post your observations, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.