Screen Week – Climaxes

One of our screens that takes place weekly, buying climaxes and selling climaxes. According to Don Wolanchuk a buying climax occurs when a stock makes a new 52 week high, then  reverses to close down for the week. It’s an indication the stock is moving from strong hands to weak hands.  On the other hand a selling climax is when a new 52 week low is recorded and the stock reverses to close higher on the week.  An indication the stock is moving from weak hands to strong hands.

The picture below is but a small list.  A complete list in Microsoft Excel Spreadsheet (2007) can be found HERE!

Note: if you download the spreadsheet do not use Internet Explorer to open the page. Use any other browser.

ETF Range Projections & A Quote to Start the Day

I’d rather be hated for who I am, than loved for who I am not.

- Kurt Cobain

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

Asian markets are up handsomely while Europe is mixed to flat: Nikkei 225 +1.13%, Hang Seng +1.28%, Shanghai +2.53%, DAX +0.25%, and the FTSE -0.22%.

At about 7:20 AM ET the futures are little changed: Dow -0, S&P -1, NAZ -1, Oil +$0.04 and Gold -$1.40

Trade safe and
have a great day!