- Barchart technical sell signal - I look for a 50% sell in the mid term indicators
- Trend Spotter (tm) sell signal - Trend Spotter (tm) is a computerized trend analysis system, developed by Barchart.com. The system uses a combination of wave theory, market momentum and volatility in an attempt to find a general trend for a specific market. Trend Spotter attempts to cut losers early and let winners run.
- Daily moving averages - Is the stock below its 20, 50 and 100 day moving averages?
- Recent price movement -- Has the stock lost 10% off its recent high?
- 14 day Relative Strength Index below 50%. I also compare the 14 day RSI to the 9 day RSI to see the direction of the trend
- I run a 60 minute chart showing 20, 50 and 100 hour moving averages and a 14 day turtle chart.
Now I know this sound like a lot to do and if I had to compute all these in every decision I'd have no time for myself. On Barchart I set up my portfolios to have these computed for me automatically and the charts are my default chart. Just a press of the button does it all.
Now let's get back to why I'm deleting Public Storage (PSA ) from the Barchart Van Meerten New High portfolio. First the chart:
It's obvious that the stock is in a downward trend. Now let's look at the technical factors:
- Barchart 40% short term and 50% midterm technical sell signal
- Trend Spotter (tm) sell signal
- Trading below its 20 and 50 day moving averages
- Lost 4.97% from its recent high
- 14 day Relative Strength Index is 44.61% and dropping.
On last reality check before I press the sell button is a 5 minute trading chart:
I'm not scientific but at least I have a discipline.
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