Do you still trade stocks that fail to maintain rank that are in the Final Universe? In Journal 2, you said you would put them to the side until the end of the month and eliminate them at the end of if they fail to maintain rank. But while they arent ranked during the month, do you still trade them? Currently IAAC and IIG do not have rank.
If the stocks in question are Tenured Stocks (meaning I have traded them and profited from those trades) then I keep trading them. However, once End of Month arrives, even the tenured stocks need to maintain rank, or risk elimination from the Final Universe. Jack keeps his tenured stocks in a separate list. - Spydertrader
Anyone get into FTK today. If you didnt, could you please give reasons. Looks like another failure as of right now. I got in on the LBDU at 30.43. Currently its trading at 29.82. Only have 100 shares, anymore and Id be freaking out.
I avoided it because FTK releases earnings this week. When I noticed the LBDU volume levels, it was sitting right on the RTL of the down channel (after an FTT of that channel) which would of made me think twice about the trade had I not already written it off.
Final Universe Deletions IAAC IIG OMTR While ROCM and VDSI technically failed to reacquire rank, their last runs did produce 20% or greater gains. In effect, their most recent price runs did in fact create a fifth cycle. As such, I have not deleted either stock at this time. Final Universe Additions TASR Dry Up Stocks CECE CYNO FRG JADE JSDA NGA - Spydertrader
I'm trying to find software for the Hershey method and have been looking at Qcharts. I've questioned the vol numbers for several days. Today I dug a little deeper. At about 1:45 pm cst NFI was listed at 2mil+ in Qcharts and 6 mil+ In TC Net and IB. Am I not seeing something correctly? Lloyd
I have a pretty in depth question with probably a simple answer. According to Unusual Volume I understand it has to hit .22(FRV) by 11:00am with all the other factors (DU, MACD, Stoch, Price Improvement, Channels) to get in on a buy signal. But according to the 30 min chart which is what Unusual Volume breaks down into, there are, for each stock individual half hour periods of how much volume should occur according to the 65 day average volume. For exapmle, a stock such as BTJ has a 65 day average volume of around 450,000(to make things easier). Thus it should hit about 99000 shares by 11:00am to get in. But in terms of later in the day, say 2:00pm. On a cumulative basis, it should be about 40% of the 65 day average volume or about 180,000 shares to be long if you arent already. But say for instance that you arent in the stock yet. OK, so here comes the question, at 1:30(the interval before 2:00) the stock has a cumulative volume of less than 72000(.16 of 65 day average) it is considered to be in Dry-Up. If it reaches beyond FRV levels 180000(.4 of 65 day average) on the 2:00 interval, and has all the right indicators, is this a signal to go long?? Also, you can break a stock down using excel into exactly how much volume it should do each 30 minute interval according the to Unusual Volume chart. BTJ with a 65 day average volume of 450000 has a level indicating DU of 4500 shares or less at the 1:30 level, and about 9000 shares or more to be considered FRV at the 2:00 level. My second question is can you look at the individual 30 min levels of a stock regardless of its' cumulative volume, and say "At 1:30 BTJ traded below 4500 shares, so it is in DU" then say "During the 2:00 interval if volume exceeds 9000 shares with the favorable indicators, I have a signal to go long" Basically can you break up each 30 min interval as you would on a daily basis. And if you do do you go by the individual 30 min interval to indicate DU, FRCV, etc... or do you have to do it on a cumulative basis using the entire volume for the day up to a certain interval within that day to indicate DU, FRV, etc... with regards to Unusual Volume. Im very sorry for the length and complications of this question, I tried to illustrate my question as best I could. Any info would be much appreciated. On a much simpler topic, I use 13 week average volume from MSN.com for my 65 day average volume number. Is anyone using this? or is anyone using anything that they think is a better inidication of this average? Thanks for your time.
You caught a bad server with Qcharts. CTRL ALT N brings up a list of servers so you may manually change to one with better data. - Spydertrader
LittleMac, I use Yahoo Finance for the 3 months average: http://finance.yahoo.com/q/ks?s=FRG What Wealth-Lab scripts are people currently using? Myself, I use: - Hershey Equities Rank SCAN v. 1.0.0 - Hershey Equities Dry Up Volume Scan v. 2.0.0 (Three Month) - Hershey Equities Chartscript Version 4.2