Spydertrader's Jack Hershey Equities Journal
- Thread starter Spydertrader
- Start date
- Status
2005-05-13, Friday - Update
Our system failed to trigger any signals today as actual volume for both SYNA and MFLX failed to exceed calculated Low Band Dry Up Volume prior to 11:30 AM. I continue to monitor my open positions with ELOS and JUPM.
- Spydertrader
Our system failed to trigger any signals today as actual volume for both SYNA and MFLX failed to exceed calculated Low Band Dry Up Volume prior to 11:30 AM. I continue to monitor my open positions with ELOS and JUPM.
- Spydertrader
Huh? The OP asked for a site that provides charts with adjustable indicators. Just about every site that provides such a service will not offer it for free - at least not in the long term.
The closest to free is stockcharts.com but to use the full range of TA tools, you have to subscribe.
Reality is calling and it wants you back.
2005-05-13, Friday - Update
I continue to hold the ELOS and JUPM positions through the weekend. I have moved my stops up accordingly with the highs of yesterday.
As a result, I have a breakeven stop on ELOS @ $28.05 USD and a stop just below our purchase price on JUPM @ $16.35 USD.
Enjoy the weekend everybody.
- Spydertrader
I continue to hold the ELOS and JUPM positions through the weekend. I have moved my stops up accordingly with the highs of yesterday.
As a result, I have a breakeven stop on ELOS @ $28.05 USD and a stop just below our purchase price on JUPM @ $16.35 USD.
Enjoy the weekend everybody.
- Spydertrader
2005-05-16, Monday - Lists
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort
Hot List
DCAI ELOS FORD MCRI MFLX SNDA USG
Dry Up Stocks
BCSI MCRI MFLX SYNA TRGL
Hot List Stocks Scores
DCAI - 2
ELOS - 5
FORD - 0
MCRI - 0
MFLX - 5
SNDA - 2
USG - 0
Dry Up Stocks Scores
BCSI - 5
MCRI - 0
MFLX - 5
SYNA - 7
TRGL - 0
Keep an Eye on These Stocks
MCRI (Attached)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=748720>
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort
Hot List
DCAI ELOS FORD MCRI MFLX SNDA USG
Dry Up Stocks
BCSI MCRI MFLX SYNA TRGL
Hot List Stocks Scores
DCAI - 2
ELOS - 5
FORD - 0
MCRI - 0
MFLX - 5
SNDA - 2
USG - 0
Dry Up Stocks Scores
BCSI - 5
MCRI - 0
MFLX - 5
SYNA - 7
TRGL - 0
Keep an Eye on These Stocks
MCRI (Attached)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=748720>
Another Stock on which to "Keep an Eye"
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=749102>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=749102>
2005-05-16, Monday - Update
This morning I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
BCSI MCRI MFLX SYNA TRGL
Our system generated three possible trade signals from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
MCRI MFLX TRGL
Dry Up Stocks NOT Triggering Signal
BCSI SYNA
Of the three signals generated, two of the equities failed to show price improvement (MCRI & TRGL), and one of the equities fell outside optimal MACD & Stochastic parameters (MFLX). As a result, we eliminated MCRI, MFLX & TRGL from further consideration.
The particulars for each equity at time of signal generation:
MCRI
Time: 10:47 AM
Price: $18.56
MACD: -.0314
Stoch: 19.2771
Score: 0
Low Band DU: 43,563 shares
TRGL
Time: 9:52 AM
Price: $15.80
MACD: -.1011
Stoch: 19.5258
Score: 0
Low Band DU: 30,959 shares
MFLX
Time: 11:28 AM
Price: $15.43
MACD: -.0111
Stoch: 73.333
Score: 5
Low Band DU: 43,563 shares
I continue to hold positions in both ELOS and JUPM waiting until EOD to determine the correct course of action (hold or sell) with respect to these two equities.
- Spydertrader
This morning I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
BCSI MCRI MFLX SYNA TRGL
Our system generated three possible trade signals from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
MCRI MFLX TRGL
Dry Up Stocks NOT Triggering Signal
BCSI SYNA
Of the three signals generated, two of the equities failed to show price improvement (MCRI & TRGL), and one of the equities fell outside optimal MACD & Stochastic parameters (MFLX). As a result, we eliminated MCRI, MFLX & TRGL from further consideration.
The particulars for each equity at time of signal generation:
MCRI
Time: 10:47 AM
Price: $18.56
MACD: -.0314
Stoch: 19.2771
Score: 0
Low Band DU: 43,563 shares
TRGL
Time: 9:52 AM
Price: $15.80
MACD: -.1011
Stoch: 19.5258
Score: 0
Low Band DU: 30,959 shares
MFLX
Time: 11:28 AM
Price: $15.43
MACD: -.0111
Stoch: 73.333
Score: 5
Low Band DU: 43,563 shares
I continue to hold positions in both ELOS and JUPM waiting until EOD to determine the correct course of action (hold or sell) with respect to these two equities.
- Spydertrader
2005-05-16, Monday - Update
With respect to ELOS and JUPM, volume continued to increase along with price. As a result, I continue to hold all shares of ELOS and JUPM at least until tomorrow.
- Spydertrader
With respect to ELOS and JUPM, volume continued to increase along with price. As a result, I continue to hold all shares of ELOS and JUPM at least until tomorrow.
- Spydertrader
2005-05-17, Tuesday - Lists
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort
Hot List
DCAI ELOS FORD MCRI MFLX PARL SNDA USG
Dry Up Stocks
BCSI EXM SYNA UBET
Hot List Stocks Scores
DCAI - 5
ELOS - 7
FORD - 7
MCRI - 2
MFLX - 7
PARL - 4
SNDA - 7
USG - 5
Dry Up Stocks Scores
BCSI - 4
EXM - 0
SYNA - 5
UBET - 0
Keep an Eye on These Stocks
EXM (Attached)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=749719>
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort
Hot List
DCAI ELOS FORD MCRI MFLX PARL SNDA USG
Dry Up Stocks
BCSI EXM SYNA UBET
Hot List Stocks Scores
DCAI - 5
ELOS - 7
FORD - 7
MCRI - 2
MFLX - 7
PARL - 4
SNDA - 7
USG - 5
Dry Up Stocks Scores
BCSI - 4
EXM - 0
SYNA - 5
UBET - 0
Keep an Eye on These Stocks
EXM (Attached)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=749719>
Hello Spydertrader,
I joined this thread a few weeks ago and am working my way through the background and keeping my eye on new posts as well. I was reading the post where Jack explains the channel and a breakout of the channel, starting with a point 1 still within the old trend. I saw this chart you posted and made some changes to illustrate this point. Is this still basically what we are looking for, a new point 1 that is characterized by above average volume based on a 65 day avg? Or are we looking for a new point 1 while still in DU?
Btw I think this is a great thread and I appreciate the effort you put forth.
Gooch
I joined this thread a few weeks ago and am working my way through the background and keeping my eye on new posts as well. I was reading the post where Jack explains the channel and a breakout of the channel, starting with a point 1 still within the old trend. I saw this chart you posted and made some changes to illustrate this point. Is this still basically what we are looking for, a new point 1 that is characterized by above average volume based on a 65 day avg? Or are we looking for a new point 1 while still in DU?
Btw I think this is a great thread and I appreciate the effort you put forth.
Gooch
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