Originally posted at the Stool Pigeons Wire at Capitalstool.
Here are my daily technical stock screens of 9000 issues on the NYSE and Nadsacs that I use to pick stocks for my ready list for my personal trading, and also for my weekly swing trade chart picks for Technical Trader subscribers.
After running the screen for short term buy and sell signals on stocks that have been trading more than 1 million shares per day and are trading above $6 I visually review the charts. From that review, I make my picks.
There are usually between 2 and 8 good looking setups every day. The numbers are bigger around intermediate term turning points.
Today’s screen had 39 stock charts with good signals, 11 buys and 28 sells. One of the sells was an inverse commodity fund so that one goes in the bullish column. Therefore, 12 of the 39 signals were bullish. 27 were bearish. That’s 5 more bullish charts than yesterday, but still heavily on the sell side, suggesting the market is not ready for a serious rally yet.
Here’s the raw data. These are not recommendations. If you’re interested, take a look at these in your own charts. I report. You decide. 😀
| Symbol | Buy | Sell | 500 | 200 | 125 | 50 |
| AES | 1 | 0 | 0 | 0 | 0 | 1 |
| TEAM.O | 1 | 1 | 0 | 0 | 1 | 0 |
| CTXS.O | 1 | 0 | 0 | 0 | 1 | 0 |
| CLVS.O | 1 | 0 | 0 | 1 | 1 | 0 |
| ETRN.K | 1 | 0 | 0 | 0 | 1 | 0 |
| FDX | 1 | 0 | 0 | 0 | 1 | 0 |
| GOGO.O | 1 | 0 | 0 | 0 | 1 | 0 |
| EWT | 1 | 0 | 0 | 0 | 0 | 1 |
| LSCC.O | 1 | 0 | 0 | 0 | 0 | 1 |
| PAGS.K | 1 | 0 | 0 | 0 | 1 | 0 |
| TWST.O | 1 | 0 | 0 | 0 | 1 | 0 |
| ALT.O | 0 | 1 | 0 | 0 | 0 | 1 |
| CHTR.O | 0 | 1 | 0 | 1 | 0 | 1 |
| CTSH.O | 0 | 1 | 0 | 0 | 1 | 0 |
| CVA | 0 | 1 | 0 | 0 | 0 | 1 |
| CREE.O | 0 | 1 | 0 | 0 | 0 | 1 |
| CCI | 0 | 1 | 0 | 1 | 0 | 0 |
| EURN.K | 0 | 1 | 1 | 0 | 0 | 0 |
| HSBC.K | 0 | 1 | 1 | 0 | 0 | 0 |
| LITE.O | 0 | 1 | 0 | 1 | 0 | 0 |
| MPW | 0 | 1 | 0 | 0 | 0 | 1 |
| NNN | 0 | 1 | 1 | 0 | 0 | 0 |
| OI | 0 | 1 | 0 | 0 | 0 | 1 |
| PFE | 0 | 1 | 0 | 1 | 0 | 0 |
| PVG | 0 | 1 | 0 | 0 | 0 | 1 |
| PLD | 0 | 1 | 0 | 0 | 1 | 0 |
| KOLD.K | 0 | 1 | 1 | 0 | 0 | 0 |
| RLGY.K | 0 | 1 | 0 | 0 | 0 | 1 |
| RPAY.O | 0 | 1 | 0 | 0 | 1 | 0 |
| RSG | 0 | 1 | 0 | 0 | 1 | 0 |
| SIRI.O | 0 | 1 | 0 | 0 | 1 | 0 |
| TLRY.O | 0 | 1 | 0 | 0 | 0 | 1 |
| TJX | 0 | 1 | 0 | 0 | 0 | 1 |
| UL | 0 | 1 | 0 | 0 | 0 | 1 |
| VALE.K | 0 | 1 | 0 | 0 | 0 | 1 |
| VZ | 0 | 1 | 0 | 0 | 0 | 1 |
| VKTX.O | 0 | 1 | 0 | 1 | 1 | 0 |
| WCN | 0 | 1 | 0 | 1 | 1 | 0 |
| Totals | 11 | 28 |
Here’s an example of one of my charts. It’s just alphabetically first, not a recommendation. The indicators are proprietary, so I can’t identify them. The upper indicators are big picture laggers. The lower indicators and the price based indicators are for both trend, cycle, and fine tuning the timing. The price graph generates the signals. The rest of the work requires eyeballs and experience.
This chart had one of the types of sell signal the screens look for, and I think it will probably go lower over a few months, but I’m not interested in shorting it here. Too close to support. It will bounce around.
Meanwhile,
