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General Discussion · Real Time Intraday Data
trendscanner
msg #88334
modified
2/16/2010 9:42:48 PM

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Filter Exchange · My First Multi-bagger for 2010
trendscanner
msg #88297
2/15/2010 6:11:54 PM

Iím much busier at work this year so donít have as much time to spend on trading/investing or SF as I did last year. Still, I managed to get my first multi-bagger for the year recently. XCHO, in at $0.135 on Jan 21; it closed at $0.48 Friday for 350% gain so far. Hopefully won't be my last multi-bagger for 2010.

Iíve been using a variety of filters to screen for microcaps that look like they may be ready for a leg up. I look for companies that have promising charts plus some combination of proprietary and timely technology, game-changing patents, or some other differentiator that gives them a sustainable business advantage. Generally I want to find companies with a market cap between a few tens of millions to about 100 million, companies that have the potential to end up as IBD 100 companies but I want to find them before the masses and institutional investors do since thatís when the big money can be made.

Most of the big action seems to come from sub-$1 stocks breaking out from trading a few tens of thousands of dollars per day into the hundreds of thousands of dollars a day range.

An example filter Iíve been running to screen for candidates is:

Fetcher[
/* Breakout Filter - small and microcaps - run intraday*/
/* Looking for small cap breakouts that may run for a few days to weeks*/
/*Run in morning at noon, and past 3 */
/* look for tech China, pharma,etc breaking out of well formed base */
/* look for long upslope on OBV with recent increase*/
/* Look for higher lows on recent rsi2 */
/* Look for multiple new high volume bars rather than 1 huge volume bar*/
/* Look for recent breakouts that fib retraced, if OBV is holding up, look for reentry*/

set{money, close * average volume(50)}
set{cmf1, count(Chaikins Money Flow(20) > 0, 99)}
set{cmf2, count(Weekly Chaikins Money Flow(20) < 0, 99)}
set{days_cmf1, days(Chaikins Money Flow(20) < 0, 99)}
set{days_cmf2, days(weekly Chaikins Money Flow(20) < 0, 99)}

close reached new 30 day high
/*close 6% above close 1 day ago*/

money > 8000
money < 1500000

/*close 1 day ago below upper bollinger band(16,2) 1 day ago*/
close above upper bollinger band(16, 2)
open below upper bollinger band(16, 2)
rsi(2) > 95
close > 0.05
close < 5
/*weekly Chaikins Money Flow(20) > 0*/
draw Chaikins Money Flow(20)
draw OBV
add column rsi(2)
add column pe ratio
add column eps
add column market
add column ind
add column separator
add column Chaikins Money Flow(20) {CMF20}
add column weekly Chaikins Money Flow(20) {weekly CMF20}
add column money
add column cmf1
add column cmf2
add column days_cmf1
add column days_cmf2
sort by column 13 ascending
]



Not intended to find short term scalps or swing trades. Most of the hits from this and the other filters I use are usually not worth buying; you have to weed through them to find the good ones. I look for stocks breaking out from a well formed base or those that look like theyíre in consolidation from a pullback and ready to move higher. OBV that is headed straight up or several days of daily volume or several weeks of weekly volume that are well above average are also good signs. I don't chase anything that has already run up too far.

If I see an interesting chart, I use Yahoo Finance to take a look at what the company does, check the companyís website to see what info they offer, what patents or proprietary technologies they have, their management credentials, their business model, and if they have any revenue or are poised to increase their revenue or profit significantly. I may look at the latest 10Q or 10K too.

If I find a promising candidate, I check the discussion board at iHUB and see what the buzz is there. If there are too many people tracking it on iHUB, I usually pass on it since that usually means itís over traded and not ďundiscoveredĒ. If everything looks good and I think the company is poised for significant revenue or profit growth and their patents, IP, etc look compelling, I may take an entry position and see how it plays out. If things progress positively, I may scale in for a larger position.

It takes a lot of work to weed through all of the dogs to find good companies worth holding for any length of time. Also, the liquidity can be very low, especially before the stock makes any sort of big move, and of course, you can lose money on the trade. Still, I enjoy finding out about some of these companies and, when and if it happens, itís a lot of fun to see something you buy go up a few hundred percent. It does good things to your account too.


General Discussion · POLITICS GOES HERE
trendscanner
msg #88033
2/9/2010 9:55:28 PM

When it comes to politics, I'm independent or maybe it's better said that I'd be equally happy taking a flamethrower to both major parties and both houses of Congress. I don't see a single political party or leader who has a platform that truly represents my interests. And the idea that the Tea Party, "led" by Sarah Palin, is the answer to the US's problems is the one of the silliest damn things I've heard yet. What Kool-aid are people drinking? I agree completely with the rant TRO posted that no one in power is telling the truth about the bleak reality of the US and global financial situation.

Anyways, since it seems to be OK to re-post various rants here, I'll offer up the latest from one of my favorite ranters, J H Kunstler. I usually get a chuckle out of his black pessimism even when I don't agree with everything he says. The boy does know how to turn a phrase. I hope his writing doesn't offend anyone.



By James Howard Kunstler
on February 8, 2010 6:35 AM


Future historians who try to chart the unraveling of the USA's political tapestry might point to two events of the past week. The obvious first one was the Tea Party convention at Nashville. It was held not accidentally at the ridiculous Opryland Hotel and resort in the city's outer suburban asteroid belt, right next to the circumferential freeway, and next door to the defunct (1997) Opryland USA theme park, an attraction based on the cute idea that Tennessee rubes were too dumb to spell the word opera -- so the symbolism was perfect.

Behind the incoherent cargo of conflicting complaints that makes up Tea Party doctrine -- like "keeping the government's hands off our medicare!" -- stands the more basic dissolution of the Sunbelt's miracle economy, along with the pain and bewilderment of the southern peckerwood political nexus that rose out of the dust after World War Two to build the suburban nirvana of universal air-conditioning, happy motoring, Jesus tub-thumping, over-eating, and Friday night football that defined Sunbelt culture. They sense now that history is about to thrust them back into the okra patch, with the hookworms and the chiggers, as the economy whirls down the drain, and the car dealerships close up, and the idle production homebuilders succumb to methedrine addiction, and the price of Reba McEntire tickets exceeds their dwindling resources, and they are none too happy about any of that.

Of course this Sunbelt political culture has tentacles and outposts all over the USA, wherever a few generations of laboring folk enjoyed debt-fueled parabolic rises in living standards during the cheap oil decades, and now find themselves in foreclosure hell, indentured to the very WalMarts that they welcomed with open arms (and allowed to destroy their local businesses) -- and, of course, it's yet another paradox that these are the same folk who will still defend the big box masters to their deaths. The America they stand for is a weird contradictory mish-mash of Confederate nostalgia, hyper-individualism that really owes allegiance to nothing, racial enmity, religious paranoia, and potemkin patriotism -- especially involving anything in the constitution that allows them to wriggle out of obligations to the public interest at the same time that they get to push other groups of people around.

The Tea Party people are the corn-pone Nazis I have been warning you about. They are gathering strength in numbers as President Obama and congress fritter away their remaining legitimacy in a manner of governance that more and more resembles an endless Chinese Fire Drill. The delusional craziness of the Tea Partyists exists in direct proportion to the wimpy deceit of the government, especially in matters of money and statistics reporting. Our political leaders are resorting to wholesale deceit because the truth of our situation -- comprehensive bankruptcy -- is too painful to dwell on and for the most part they are too chicken too state it.

This brings me to the second telling event of last week when President Obama said, kind of off-hand, apropos of the US economic situation, "You don't blow a bunch of cash on Vegas when you're trying to save for college. You prioritize. You make tough choices." Senate Majority Leader Harry Reid (of Nevada) was all over Mr. Obama like a cheap suit for that. I'm sorry that the President didn't slam back the craven Mr. Reid and pull his upper lip over the top of his head. F*** Las Vegas and f*** Nevada, and f*** all the casino operators in every pulsating gambling venue around this country. The last thing we need is to continue believing that it is possible to get something for nothing, or an industry based on that false principle. I'd go a lot further and shut down legalized gambling all over the USA, send it back to the margins, to the alleys, to the berm between the WalMart and the Target Store, to the basement boiler rooms, to the public bathrooms, to wherever it will be identified as indecent, shameful, and not healthy.

Notice, by the way, that the Tea Party people have never made an issue about the disgusting gambling "industry" -- not even the Jesus thumpers among them, for all their pretense about decency and propriety. I suppose this is precisely because a cardinal article of Tea Party faith is that it should be possible to get something for nothing. You should be entitled to collect social security even while you inveigh against the intrusion of big government into your life and the horrible prospect that it will get its mitts on your Medicare! And when Jeezus comes to take you home, that place will be just like Opryland USA was in its heyday, with Dolly Parton in every suite and all the pulled pork sandwiches under heaven's dome....

As the contest heats up this year between Tea Partydom and the Weimar-like remnant of the party in power expect to see a political vortex form that will suck the little remaining coherence out of American life. Personally, I'd like to see Mr. Obama have a little fun with his adversaries, even if it seals his fate as a one-term president. I'd like to see him start by using the just-proposed national forum on health care reform as a rope-a-dope moment to expose opponents to reform as the bought-and-sold errand boys they are.

In the meantime, it appears that nothing will stop the epochal forces underway in global finance from spinning out of control. Illusions are getting hammered hard now and nations are lining up for the long trip home out of modernity to something that will look more like the seventeenth century, if they're lucky.


Filter Exchange · Any Tom DeMark Indicator devotees want to trade filters?
trendscanner
msg #87978
2/8/2010 6:45:38 PM

Chetron and others who posted these - nice filters.

I don't know much about the Demarker but it's signal appears to be very similar to other other oscillators (such as IFT(5,9) and RSI); see filter results below for comparison. IFT(5,9) looks a lot like a smoothed version of Demarker(14).

If someone is trading using IFT(5,9) signals, seems like they would get very similar results to someone trading with Demarker signals.


Fetcher[
/* TRO COMEBACK KIDS */

set{hi52, high 52 week high}
set{lo52, low 52 week low}

hi52 below 10.00
hi52 above .80

lo52 above 0.10
average volume(90) above 300000

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }
set{HiOp, high - open}
set{Long_Profit, HiOp/open }

set{B10A, count(Long_Profit > .05 , 100)}

set{A10A, count(Long_Profit > .05, 1)}
set{chg, sum( A10A - A10A 1 day ago ,5)}

and add column B10A {GT05%}
and add column AvgRng
and add column hi52
and add column lo52
and add column separator

add column chg{(wk)}
add column chg 1 week ago{(-1wk)}
add column chg 2 weeks ago{(-2wk)}
add column chg 3 weeks ago{(-3wk)}
add column chg 4 weeks ago{(-4wk)}
add column chg 5 weeks ago{(-5wk)}
add column chg 6 weeks ago{(-6wk)}
add column chg 7 weeks ago{(-7wk)}
add column chg 8 weeks ago{(-8wk)}
and add column separator
add column industry
add column sector
and add column separator

sort column 5 descending

and draw Upper Donchian Band(14,4)
and draw Lower Donchian Band(14,4)
and draw Center Donchian Band(14,4)

and draw DeMarker(14)
draw IFT(4,9)
draw rsi(14)

and draw EMA(9)

and draw MACD Histogram(8,17,9)


and close is above 2.00
and close is below 8.00
]




Filter Exchange · Anybody know how to script rounding top formations?
trendscanner
msg #87891
modified
2/6/2010 7:42:26 AM

work in progress, hit the post button too soon.........



General Discussion · DOW WATCH ... new low everyday
trendscanner
msg #87881
2/5/2010 8:28:31 PM

The people that perhaps should feel the most shame right now are Cramer and Kudlow. I sometimes listen to their shows on the radio as I'm driving home from work in the evening and 3 to 6 weeks ago, these shameless stock shills were screaming about what a great time this was to get IN to the market, that the big rally of 09 was telling the truth about the economy and that everything was fine, fine fine and the gloom and doomsters were wrong, the recovery was in full bore, stay long, etc etc. They went on and on, endlessly, about what a great rally this was and how you didn't want to left behind so get in now.

For those who have been simply riding out the Nov 08 through Mar 09 plummet and have stayed fully vested in the market, the 09 rally was a gift, so this latest pullback is not a big deal for them, they're still well above where they were in Mar 09. Who knows, perhaps many average people who did this are taking profits now and getting out. The only people that have lost a lot of money in this recent pullback are people who entered long at the end of 09 or early 2010. Unless they entered recently and did so leverage to the hilt, they haven't lost a whole lot of money yet.

And who knows, the biggest rally yet might be right around the corner. Seems unlikely but the market is very unpredictable.

General Discussion · Vortex
trendscanner
msg #87880
2/5/2010 8:12:02 PM

Nice work! Gives me something to ponder this weekend. Thanks for the coding and posting.

Filter Exchange · Day of the week trade
trendscanner
msg #87773
modified
2/3/2010 5:47:22 PM

I've traded options at Optionshouse and have always been filled immediately when buying at the ask or selling at the bid. If you're buying at the current bid or selling at the current ask, you might not get hit immediately.

General Discussion · 545 PEOPLE vs. 300,000,000 By Charlie Reese
trendscanner
msg #87770
modified
2/3/2010 4:53:27 PM

I'm definitely up for voting all incumbents out of office. I'm not convinced it would change a whole lot.

It's hard to have much of an impact on the world we live in. One thing I do is support small, locally-owned businesses whenever I I have a choice regarding a purchase. Small businesses have to compete in a true free market with real competition, not like many of the large mega-businesses who, through their major lobbying activities, are often part of the crony-capitalism oligopolies that have contributed significantly to the current economic problems. I'm not "against" the large companies, I'm just more "for" the smaller independent businesses.

Examples - I've moved my banking operations to a local credit union from Wachovia (now part of Wells Fargo). When I need something from a hardware store, I go to the small local hardware shop rather than Home Depot. When going out to lunch or dinner, I'll usually go to a small independent restaurant or pub (that have real character) rather than a large chain. If I need running shoes, I'll go to the locally owned small athletic shop rather than Sports Authority. Etc, etc. Minimize the amount of my money that goes to the Corporate-Government Borg.

These are small actions, for sure, and in the larger scheme of things, perhaps they don't make a big difference. But hopefully, in the aggregate, it helps the local economy and people in my community.

General Discussion · Filter for MA's just before they merge
trendscanner
msg #87736
modified
2/3/2010 7:22:07 AM

here's one way to do it

Fetcher[
count(ma(9) > ma(80), 20) < 0.5
ma(9) increasing last 2 days
ma(9) approaching MA(80) from below
]



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