Bears won yesterday’s screen game by 29 to 21. That’s not a lot, especially considering that 6 of the sell signals were fixed income funds. This compares with Tuesday’s 32 to 15 bull win. And we’re still looking back at that 153 to 6 bull stampede last Friday, which suggested a new bull swing phase.
The 5 day total is now 266 to 74 sells, a spread of +192. This stat just keeps getting more bullish despite the selloff. It follows a readings of+166 and +144, the previous two days.
The numbers are what they are. I don’t argue with them. But the market averages have gone the other ways as the internals strengthened. We’ll just have to see which was right. And that should happen over the next 2-3 sessions.
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 |
| AMZN.O | 1 | 0 | 0 | 0 | 0 | 1 |
| POWW.O | 1 | 0 | 0 | 0 | 1 | 0 |
| CDAY.K | 1 | 0 | 0 | 0 | 0 | 1 |
| TECL.K | 1 | 0 | 0 | 0 | 1 | 0 |
| EA.O | 1 | 0 | 0 | 0 | 0 | 1 |
| QYLD.O | 1 | 0 | 1 | 0 | 0 | 0 |
| HIG | 1 | 0 | 0 | 0 | 0 | 1 |
| INCY.O | 1 | 0 | 0 | 0 | 0 | 1 |
| NTLA.O | 1 | 0 | 0 | 0 | 1 | 0 |
| ITOT.K | 1 | 0 | 0 | 0 | 0 | 1 |
| EEM | 1 | 0 | 0 | 0 | 0 | 1 |
| LC | 1 | 0 | 0 | 0 | 1 | 0 |
| QLD | 1 | 0 | 0 | 0 | 1 | 0 |
| TQQQ.O | 1 | 0 | 0 | 0 | 1 | 0 |
| SPGI.K | 1 | 0 | 0 | 0 | 0 | 1 |
| STWD.K | 1 | 0 | 0 | 0 | 0 | 1 |
| VTI | 1 | 0 | 0 | 0 | 0 | 1 |
| VTR | 1 | 0 | 0 | 0 | 0 | 1 |
| WB.O | 1 | 0 | 0 | 0 | 1 | 1 |
| WSC.O | 1 | 0 | 0 | 0 | 0 | 1 |
| WETF.O | 1 | 0 | 0 | 0 | 0 | 1 |
| MO | 0 | 1 | 0 | 0 | 0 | 1 |
| AMGN.O | 0 | 1 | 0 | 0 | 0 | 1 |
| ARMK.K | 0 | 1 | 0 | 0 | 1 | 0 |
| CNI | 0 | 1 | 0 | 1 | 0 | 0 |
| CARG.O | 0 | 1 | 0 | 0 | 1 | 0 |
| PRTS.O | 0 | 1 | 0 | 0 | 1 | 0 |
| CNX | 0 | 1 | 0 | 0 | 0 | 1 |
| GILD.O | 0 | 1 | 1 | 0 | 0 | 0 |
| HFC | 0 | 1 | 0 | 0 | 0 | 1 |
| HBAN.O | 0 | 1 | 0 | 0 | 0 | 1 |
| PCY | 0 | 1 | 1 | 0 | 0 | 0 |
| SHYG.K | 0 | 1 | 0 | 0 | 0 | 1 |
| HYG | 0 | 1 | 0 | 0 | 1 | 1 |
| KRC | 0 | 1 | 0 | 0 | 0 | 1 |
| MAT.O | 0 | 1 | 0 | 0 | 0 | 1 |
| NWSA.O | 0 | 1 | 0 | 0 | 0 | 1 |
| NKE | 0 | 1 | 0 | 1 | 0 | 0 |
| NVS | 0 | 1 | 0 | 1 | 0 | 0 |
| NTNX.O | 0 | 1 | 0 | 0 | 1 | 0 |
| PLYA.O | 0 | 1 | 0 | 0 | 0 | 1 |
| RDSa | 0 | 1 | 1 | 0 | 0 | 0 |
| RDSb | 0 | 1 | 1 | 0 | 0 | 0 |
| SBSW.K | 0 | 1 | 0 | 0 | 0 | 1 |
| SJNK.K | 0 | 1 | 0 | 0 | 0 | 1 |
| JNK | 0 | 1 | 0 | 0 | 1 | 1 |
| SFM.O | 0 | 1 | 0 | 0 | 0 | 1 |
| URBN.O | 0 | 1 | 0 | 0 | 0 | 1 |
| VTRS.O | 0 | 1 | 0 | 0 | 1 | 0 |
| HYLB.K | 0 | 1 | 0 | 0 | 1 | 1 |
| Totals | 21 | 29 | 5 | 3 | 15 | 31 |
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.
LEE ADLER
