Index Daily Trading Signals

Daily Breakouts

P&F breakouts occur when an instrument reverses its trend, as determined by the point & figure chart. Bull breakouts occur when an instrument’s price rises one box above the prior column of “X”s.  Bear breakouts occur on a move to one box below the prior column of “O”s.

Targets are determined from a multiple count of three times the move from the low or high. Stop levels are set at the point at which the P&F trend would reverse.

Weekly Climaxes

Weekly Buying Climax occurs on a 52-week high, closing lower for the week.

Weekly Selling Climax occurs on a 52-week low, closing higher for the week.

Hi-Lo Poles

In the case of the Low Pole the “down” column of “0” extends by 3 or more boxes, below the previous “down” column of  “0”, but retraces by more than 50% of the entire down column. The High Pole is the opposite. These kind of signals can often be utilized effectively in combination with with our sector Bullish% scores.

Overextended P&F

Overextended P&F. A simple scanner that filters for reversals from overextended “tails” and “spikes”. Our system is set to look for 15 boxes or more when the P&F chart is set to our standard scale.

Key Day Reversals

A popular short/medium term reversal signal, where a stock reverses after posting an “outside day”. Particularly powerful when occurring on trend lines, after an overstretched rise/decline or at prior sideways activity levels

MA Crossovers

Indicate long-term momentum shifts. We scan for the popular 50 and 200 day crossover. “Golden” crosses show the 50 day rising above the 200, and “Dead” the opposite. Typically used as confirming indicator

All Time Highs

This report lists instruments making new highs on each trading day. Calculated on a closing basis (close against close).

Relative highs are calculated on the ratio of the stock’s price to the underlying base index.

52 Week Highs

This report lists instruments making new highs on each trading day. Calculated on a closing basis (close against close).

Relative highs are calculated on the ratio of the stock’s price to the underlying base index.

All Time Lows

This report lists instruments making new lows over the recent trading sessions. Calculated on a closing price basis (close against close).

Relative lows are calculated on the ratio of the stock’s price to the underlying base index.

52 Week Lows

This report lists instruments making new lows over the recent trading sessions. Calculated on a closing price basis (close against close).

Relative lows are calculated on the ratio of the stock’s price to the underlying base index.