Swing trading 3 simple buy signals

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 oversold quits being oversold that is a stock buy signal; if it returns to oversold before becoming overbought that is a stop; if it becomes overbought and ceases being overbought that is a sell signal; if after ceasing to be overbought it moves up again to overbought that is a renewed buy signal.

Simple.

TODAY’S HIGHLIGHT — 6/30/21 NKE

Nike “swooshes” it way to nearly an 18% gain in seven trading days.

Based on its buy and sells signal suggested in the swing trade criteria above, it is a sell on tomorrow’s open no matter what.

NKE brand advertising says “Just Do It”. Well these seven days it has, and for now it’s done.

(Click on the chart for a larger view)

TODAY’S HIGHLIGHT — 5/18/21 BLNK

BLNK, the charging company with a future as big as electric vehicles, moving with the 3 simple buy…