Originally posted at Capitalstool.
The swing trade screen game ended in a tie yesterday, with 20 buys and 20 sells. That compares with a 19-10 bear win yesterday.
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 still need to see substantially more sell signals to indicate a reverse thrust.
The 5 day total is now 90 buys to 133 sells, a spread of -43. That compares with -37 yesterday. Creeping weakness? That trend was diminishing, but positive, since a peak reading of +218 on Thursday, May 20 until June 2. It slipped to the sell side on June 3. The averages can keep climbing on the strength of fewer winners while other stocks languish, but don’t sell off much.
However, without a big thrust on the sell side, this can continue as an apparent consolidation.
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.
Churn And Burn Picks off Stops But Two New Picks Join the List
LEE ADLERToday’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 |
| ATUS.K | 1 | 0 | 0 | 1 | 0 | 0 |
| AMZN.O | 1 | 0 | 0 | 1 | 1 | 0 |
| AU | 1 | 0 | 0 | 0 | 0 | 1 |
| ARMK.K | 1 | 0 | 0 | 1 | 0 | 0 |
| BHR | 1 | 0 | 0 | 0 | 1 | 0 |
| DRI | 1 | 0 | 0 | 0 | 1 | 0 |
| XRAY.O | 1 | 0 | 0 | 0 | 0 | 1 |
| APPS.O | 1 | 0 | 0 | 0 | 0 | 1 |
| HPE | 1 | 0 | 0 | 0 | 0 | 1 |
| NVTA.K | 1 | 0 | 1 | 0 | 0 | 0 |
| USIG.O | 1 | 0 | 0 | 0 | 1 | 0 |
| AGG | 1 | 0 | 0 | 0 | 0 | 1 |
| LQD | 1 | 0 | 0 | 0 | 1 | 0 |
| MRK | 1 | 0 | 0 | 0 | 1 | 1 |
| NLS | 1 | 0 | 0 | 0 | 0 | 1 |
| PACB.O | 1 | 0 | 0 | 1 | 0 | 0 |
| SPIB.K | 1 | 0 | 0 | 0 | 1 | 0 |
| SPLB.K | 1 | 0 | 0 | 0 | 1 | 0 |
| SFIX.O | 1 | 0 | 0 | 1 | 1 | 0 |
| WSC.O | 1 | 0 | 0 | 0 | 0 | 1 |
| AVGO.O | 0 | 1 | 0 | 0 | 1 | 0 |
| BVN | 0 | 1 | 1 | 1 | 0 | 0 |
| SID | 0 | 1 | 0 | 0 | 0 | 1 |
| COUP.O | 0 | 1 | 1 | 0 | 0 | 0 |
| CS | 0 | 1 | 1 | 0 | 0 | 0 |
| CRWD.O | 0 | 1 | 0 | 0 | 1 | 0 |
| DQ | 0 | 1 | 0 | 0 | 0 | 1 |
| DFEN.K | 0 | 1 | 1 | 0 | 0 | 0 |
| COPX.K | 0 | 1 | 0 | 0 | 0 | 1 |
| AAXJ.O | 0 | 1 | 0 | 0 | 1 | 0 |
| JNJ | 0 | 1 | 0 | 0 | 0 | 1 |
| KDP.O | 0 | 1 | 0 | 0 | 0 | 1 |
| LULU.O | 0 | 1 | 0 | 1 | 0 | 0 |
| MGNI.O | 0 | 1 | 0 | 1 | 0 | 0 |
| MSFT.O | 0 | 1 | 0 | 0 | 0 | 1 |
| NKLA.O | 0 | 1 | 0 | 0 | 1 | 0 |
| SRE | 0 | 1 | 0 | 0 | 0 | 1 |
| SO | 0 | 1 | 0 | 0 | 0 | 1 |
| UNP | 0 | 1 | 0 | 0 | 0 | 1 |
| VERU.O | 0 | 1 | 0 | 0 | 0 | 1 |
| Totals | 20 | 20 | 5 | 8 | 13 | 18 |
| 5 day Total | 90 | 133 | Spread | -43 |
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.
