StockFetcher Forums · Stock Picks and Trading · Weinstein Strategy Picks<< 1 2 3 4 5 ... 8 >>Post Follow-up
KSK8
561 posts
msg #148529
Ignore KSK8
7/16/2019 2:20:29 AM

Mactheriverrat,

if you're replying to shills don't waste your time, slap on the ignore like 90% of SF already has.

Mactheriverrat
3,157 posts
msg #148530
Ignore Mactheriverrat
7/16/2019 3:20:07 AM

Roger that!

shillllihs
6,047 posts
msg #148535
Ignore shillllihs
7/16/2019 3:32:51 PM

Hilarious, I posted a video with 2 views today as a test, now there are 35 views including that guy K.
He and others hang on my every word. Busted! Hahaha

xarlor
587 posts
msg #148537
Ignore xarlor
modified
7/16/2019 5:47:35 PM

@volvlov I'd keep it on long-term watch. The relative strength, although increasing the last few days, has a nasty 9-month downward slope. According to Weinstein, this is a red flag to skip it and move on to the next one. Additonally, the Industrials sector has been mostly under-performing the SPX since April 2018.

Fetcher[
chart-time is 3 years
symlist(MINI,XLI)
add column sector
draw wma(150)

draw Relative Strength(^SPX,150)
draw 180-day slope of Relative Strength(^SPX,150)
]



volvlov
32 posts
msg #148538
Ignore volvlov
7/16/2019 8:11:54 PM

Thx. Good points, xarlor.

graftonian
1,089 posts
msg #148539
Ignore graftonian
7/16/2019 9:31:05 PM

MINI, hard to catagorize this one, however I believe it headed for stage 2. The biggest dark cloud on the horizon is the mountain of resistance @ 38.71.
One can buy an Aug 35Call for $1.20. delta = .40, theta = -.02, and the ATR(14) is 0.80. Thats 30% / day, nothing to sneeze at.

Today bought calls on DAL, SLV, and CLF
unloaded ZYGA for a 15% loss.

volvlov
32 posts
msg #148540
Ignore volvlov
7/16/2019 11:55:29 PM

Thanks Graft. It's really hard to find stocks that don't have really hard overhead resistances. I just learned my lesson with MU this week. I knew it probably would not pass $45, and it did not. DAL looks free to FLY!


Mactheriverrat
3,157 posts
msg #148541
Ignore Mactheriverrat
7/17/2019 7:21:26 AM

Good catch Volvlov
MU was at resistance and could break through.
DAL broke through and should see more uptrending

graftonian
1,089 posts
msg #148543
Ignore graftonian
7/17/2019 10:07:51 AM

SLV doing well.
Was getting ready to toot the horn for OMC, and it's down 3%, oh well.

xarlor
587 posts
msg #148555
Ignore xarlor
modified
7/17/2019 11:23:31 AM

@volvlov "It's really hard to find stocks that don't have really hard overhead resistances."

This is the filter I use to find stocks with clear sailing ahead. It's based on Weinstein's first chapter. It found me EGO on 07/02/19 and I'm still riding it up.




Fetcher[
/* Break above 3-year high */

market is not etf
optionable
average volume(30) > 500000
low > 5

/* 1-2. General assumptions about price and volume */
close > open
close 1 day ago > open 1 day ago
volume > volume 1 day ago

/* 3. 30-week MA */
close > MA(150)

/* 4. Long-range background */
set{var1,high 1 day ago}
set{var2, high 3-year high 2 days ago}
set{NewHighs,count(var1 > var2,50)}
add column NewHighs
var1 > var2

/* 5. Relative-strength line */
Relative Strength(^SPX,150) > 1.5
30-day slope of Relative Strength(^SPX,150) > 0

draw ma(150)
draw high 3-year high
draw Relative Strength(^SPX,150)
do not draw var1
do not draw var2
]



StockFetcher Forums · Stock Picks and Trading · Weinstein Strategy Picks<< 1 2 3 4 5 ... 8 >>Post Follow-up

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