The key short list comes from the bottom of the stocktables.com sort.
It got to the bottom because the sort by increasing volume put it there.
These stocks have two volume characteristic: low volume and little volume change. this list bottom was achieved by adjusting the EPS AND RS to values to lengthen the list to about 100 stocks.
You see that we are showing some sophistication in combining stuff to save time and not sacrifice performance.
16,000 down to 100 and 100 down to 10 stocks that are going to Breakout in a day or so.
Let's think this through.
We are going to assess these babies next and see if they rank high enough to get bought on the break out.
How do we do that. On the excel assessment sheet we need five cycles in the time shown on clearstation with EOD data.
If we do not get it, we chuck the stock. If we get five cycles, they are averaged and from that we see how much money they make a day for us. you can look at the maths and see what the rank is in terms of units to determine this. Good work you get it.
Notice that the clearstation has a different default for MACD than we will be using when you bulk review a portfolio. Their default lags the natural cycle and "bridges it seriously.
You look at the list 2 and 3 to see if any assessments are needed there as well.
This system replaces the seven equations I used before Y2K on TC2000 Ver 3.0. The effect is the same. The only lesser thing is that I used TC2000 to eliminate the effect of institutional block trading. It is not a big loss.
By having a sort around the trough of the cycle at three successive parts of this transition, we get to see the cycle unfolding for individual stocks that are top notch.
We can compare this for a moment with two others: Mr Market and trend fader. Mr. Market does six culls that overlap. He does three filters next to get to a place to do FA on his short list. He picks one stock and buys it. His strategy he says is to get the last 15% of a trend top notch stocks are making. If he misses he keeps the stocks indefinitely. we are not on that page.
Trend fader has asked q's about 24 assessment topics in ET, we see that he has not gotten to assessment yet. 8 years before arriving here and one year here set the scene for where he is in swing trading. He traded PG. He asked 9 different people with 9 different methods to work cooperatively with him so they as a group could trade that persons' methods. All declined. He uses MA's for stops. What he uses bridges the natural cycle by factors of 3 to almost 10. When he suggests to beginners to use such, he changes the numbers he gives them.
We sort stocks into three groups:Our key list is just before the bottom of the trough; the second group is rounding the trough and the third group is just before the key group.
If you score stocks they are, respectively: 0's, 7's and 1's.
At the onset, I am contrasting this stuff with stuff that is poor and marginal. I am doing this so a perspective can be built. I feel that by using only top notch stocks, knowing their timing (especially at the trough of the natural cycle) is an excellent strategy. What makes it better is that they are performers. They had to do what we need them to do 5 times in a 6 month period.
In two years, Mr. market has bought 100% of 43 stocks and profited 30 times 15% and sits there holding 13 stocks which over half are not performing. this turns out to not work as a strategy by any one's standard.
Trend fader is now turning to profitable swing trading over nine years on the learning curve(See above). He scratches/winners on 40% of his 100 trades per year and makes .5R; next most frequently, he loses on 35% of his trades; and finally, he wins on 25% of his trades making 2.5+R. as a weighted average using the nearest tens he states, he makes .575R average per trade. for 100 annual trades, he makes 57.5R total. PG was a trade that he didn't expect to make much on. He didn't.
Our target is 10% in 6 to 8 days. Both these numbers come from our assessment of our universe simply backed up by 47 years of do it. In the terms and flames of Mr. Market and trend Fader this is unbelievable. It is unbelievable for the flamers and unfair moderator (inandlong) as well. I say "who cares".
There is a reason for their viewpoint. As a group what they achieve is unbelievable to me as a performance.
I am not going to trade on the level they do; I never have and I never will. There are basically 8 levels of improvement that a person can make to get from B to A.