Day trading stocks and options on 3 simple buy signals

The market and its stocks either go up or they go down. It’s amazing how hard it is to recognize that simplicity.

10/08/2021 — during the day

Profit in the chop: AAPL, AMD, BAC.

(click on the chart panel for a larger view, the white flags on the right axis show the dollar/percentage gain for each $1,000 in the trade)

TO REFRESH: THESE ARE THE SIMPLE SIGNALS

THE CONTEXT: The Nifty-50 Stock List

The point of the Nifty-50 Stock List is to be able to see extremes, especially at the end of a down swing.

To reiterate the strategy is whenever 40 or more stocks on the list are on sells that is most often the bottom or the beginning of the bottom of a down swing. The buy signal is triggered with there are no longer 40 or more on sells.

THE MARKET SIGNALS:

When the NYMO turns up, that is a short-term buy signal on short-term market breath and when it turns down it is a sell signal.

When the NYSI is rising that is an intermediate buy signal on positive market breadth, and when it turn down that is a sell signal.

THE STOCK SIGNALS:

When a stock that is…