One of my readers emailed me asking about using my “Aboy1 Commercial Buying Predictor” (designed for commodities) to analyze setup conditions for individual stocks. As I mentioned in previous postings, this proprietary indicator can be calculated from the price time-series only (it does not require COT data). Consequently, it is available for individual stocks and it is extremely useful. The reader specifically asked for an analysis of a specific stock (SPWRA: SunPower Corporation) using the AboySetup1 indicator.

Below I show the chart of the requested stock (SPWRA) with the AboySetup1 indicator at the bottom. When this indicator goes over 80% it indicates a good setup condition for buying and when it goes under 20% it indicates a good setup condition for selling. While AboySetup1 is not designed as an indicator to determine entry, it can be used get a general sense on when to enter (AboySetup1 crosses downward the 80% line -shown as a blue line on the chart) and exit (Aboy1 crosses upward the 20% line -shown as a red line) the market.