scan stock database if index change is greater then 1 percent/day a = price change(per share) b = Prev. Days Close c = inx.xPC d = inx.xC (b/a) x 100 = percent change (c/d) x 100 = percent change of index ((b/a) x 100)/((c/d) x 100) = e if e is greater then 1, result = watchlistday 1 watchlistday 2 watchlistday 3 filter list based on (a) x volume traded per that day (sort for the highest) pick 10 stocks that are common to all three days. next day index increases 1% buy on the close last 15 minutes that list of 10, exit on third day or when index falls greater then 1 percent.
http://www.trade-ideas.com/StockInfo/high_dollar_volume.html crude way to replicate it, screen the dollar volume list each day the index moves up greater then a predefined percent. screen for the highest dollar change/share that are common to the list on more then the last 2 occassions.
What index are you using to screen for the 1% change? Are you creating your own index of these stocks, or queuing off one of the majors such as S&P?
znh 4.46/32/53/214 ach 6.1/25.49/41/212 last day of trading(friday)/5 day percent change/1monthpc/26weekpc isolated global play. conservative us plays intc 1.86/3.87/5.97/34.75 aapl 1.64/2.35/1.46/60.43 csco 1.56/3.87/5.94/25.39 rimm 3.07/4.34/14.35/90.48 oih 1.8/1.77/3.33/34.67 hpq 1.88/2.60/2.32/27.35 index spy .99/-.5/-.01/7.46
update.. on conservative US plays. Another 1% up day on broader index. look how the above stocks did relative to the index.