Benchmark Firepower - The Discovery

Over at the R&D department, a major technical discovery was made in the Benchmark weekly program. Awesome results is an understatement.

Introduction

Many commentators use the 50 and 200 moving averages to describe current technical market conditions. For example, when the shorter 50 MA crosses up the longer 200 MA, it is suggested that a positive "golden cross" has occurred. The shorter MA is now above the 200 MA.

Even our own shorter PWR crossing the longer term TDX has the same positive alignment.

Three Questions Before the House

Is there any other reliable way to signal a positive posture?

What if one could also signal a bullish posture by having the longer MA cross the shorter one, say in the weekly. Oh really?

• Logically and mathematically impossible, right? 
• What would be the point of this upside down structure?
• Why the weekly?

Amazingly, it can be done. More importantly, it should be viewed in the weekly time frame chart because of its implied duration and potential larger profitability. 

If a new weekly signal has developed, it implies a daily has already occurred which provides a potential trade of longer duration. Conversely, a new daily trend (within the context of this existing weekly) would provide a similar outlook as well.

The Benchmark Discovery

Does a longer MA crossing up the shorter MA in the weekly really work? Yes indeed and a unique configuration!

Without giving the store away, the blue line is 6x longer then the white line. How a longer line creates a positive signal by passing up and over a shorter line was discovered by accident in 2023. 

The longer MA is now above the shorter MA. How can this be? 

The secret to its success lies in using two totally different MA styles.  Here are two examples using VRRM. 

First, a new weekly signal. 

Weekly - February 2023

Second, the same stock with a new daily trend after the weekly signal above.

New Daily - April 2023

Caveats: The Benchmark Firepower program is not very effective in sideways weekly stock/index trends.  A new weekly trend without a monthly being present can limit a weekly's trade duration.

Weekly Benefits

These are not an isolated examples. Signals occur regularly in my Benchmark screen covering all stocks.

Amazingly, the weekly formula frequently precedes our traditional PWR/TDX signals by a substantial margin which results in larger profits. 

In the example below, Benchmark beat our PWR/TDX signal by 21 days.

Click BDRY's picture to read the typed comments

BDRY Weekly

FUSN Weekly

(Takeover April 2024)

Additional Resource Area Documentation

XAU 2 Year Weekly Record

Editors follow up note: As noted in "Caveats" above, an absent positive monthly price trend can limit the weekly duration to 2-3 weeks or less. This recently occurred.

XAU 15 Year Monthly

Precision Timing at its Best

Benchmark Firepower Summary

Having the weekly longer trend line signal a turn accurately in advance of the shorter one is mind boggling. A truly extraordinary accidental discovery made all this possible! 

Benchmark Firepower Weekly Features: 

• Frequently way ahead of any other traditional signal structures 
• Results in larger potential profits
• A minimum 5 to 7 week duration is typical 
• Reliability is superb if our rising daily/monthly MACD is also present along with a positive monthly price trend

Details on how will not be provided nor is it for sale. However, feel free to imitate, replicate or duplicate the program.

Bottom line. Getting the weekly trend right, right now, is the sole purpose of this presentation.

Trader Garrett

12/26/23

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2/29/2024 Follow Up Results

In 2023, a major technical discovery was made in the Benchmark Firepower weekly program that turns everything on its head. It provides valid signals much sooner than traditional methods and, in fact, makes all other methods virtually obsolete.  Awesome is an understatement.

The December 2023 article above detailed the discovery details along with specific selections.

For example:

• In February 2023, VRRM was signaled at $15.62. Now $21.75
• In October 2023, FUSN was signaled at $4.20. Now $12.05
• In December 2023, BDRY was signaled at $5.74. Now $15.17

2023-2024 PSL Firepower Weekly Record

(each position = 100 shares)

PSL Weekly Record (Feb 2024)

PSL Daily Record (Feb 2024)

2/29/24

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Benchmark Firepower - By Special Request

The article above focuses on Benchmark's weekly trend which, historically, is quite accurate.

However, by special request, here is a daily chart of the Russell 2000 ETF. It is quite similar in appearance to the S&P500 which still has a positive posture in the weekly and above trends.

Russell 2000 ETF (Daily)

2/29/24

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Caveat

While past performance and probabilities are favorable, results are not guaranteed. Use these trade plans, stocks or comments at your own risk. All analytical content and commentary provided within or from this site is aimed purely to educate or inform readers on the potential technical and fundamental aspects and