Spydertrader's Jack Hershey Equities Journal

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Quote from traderjim22:

My data showed that HANS closed on Fri. at 97.80 and opened this morning at 100, which is a gap of +2.25%, not nearly close to the 6% gap you mentioned. Just out of curiosity, what prices do you have for Fri. close and today's open?
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I have Friday's Close at $97.74 USD. At the time HANS triggered a trade signal, my chart showed the open at $102.10. Prior to seeing your question, I had closed my charts for the day. After restarting my software, my charts NOW show HANS opening at $100.00 USD. Either I misread my chart earlier today or some sort of data glitch occurred this morning. I appreciate you discovering this discrepancy and thank you for bringing it to my attention.

- Spydertrader
 
2005-07-19, Tuesday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort

Hot List

CMT FORD MCRI NGPS

Dry Up Stocks

IIG MCRI MFLX NGPS RTSX TASR UBET VDSI

Hot List Stocks Scores

CMT - 2
FORD - 5
MCRI - 6
NGPS - 0

Dry Up Stocks Scores

IIG - 6
MCRI - 6
MFLX - 0
NGPS - 0
RTSX - 0
TASR - 4
UBET - 2
VDSI - 2

Keep an Eye on These Stocks

IIG (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=794223>
 

Attachments

2005-07-19, Tuesday - Update

This morning, I monitored one list of stocks (8 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

IIG MCRI MFLX NGPS RTSX TASR UBET VDSI

Our system generated three possible trade signals from the list of eight Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

MCRI RTSX VDSI

Dry Up Stocks NOT Triggering Signal

IIG MFLX NGPS TASR UBET

VDSI DID show price improvement ($10.10) at time of signal generation (10:46 AM). In addition, MACD Histogram showed a positive return (+.0500). Also, The Stochastic Indicator fell above desired levels (90.0000). However, VDSI announces earnings tomorrow morning. As we do not want to be holding a stock when earnings are announced, I took no action with respect to VDSI.

MCRI DID show price improvement ($24.52) at time of signal generation (10:47 AM). In addition, MACD Histogram showed a positive return (+.0046). However, The Stochastic Indicator fell below desired levels (42.5011). As a result, I took no action with respect to trading MCRI.

RTSX did NOT show price improvement ($26.55) at time of signal generation (11:11 AM). In addition, MACD Histogram showed a positive return (+.0349). Also, The Stochastic Indicator fell below desired levels (6.0404). As a result, I took no action with respect to trading RTSX.

- Spydertrader
 
2005-07-20, Wednesday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort

Hot List

CMT FORD MCRI NGPS

Dry Up Stocks

FORD IIG MCRI NGPS RTSX TASR UBET

Hot List Stocks Scores

CMT - 5
FORD - 5
MCRI - 4
NGPS - 5

Dry Up Stocks Scores

FORD - 5
IIG - 5
MCRI - 4
NGPS - 5
RTSX - 6
TASR - 2
UBET - 5

Keep an Eye on These Stocks

UBET (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=795089>
 

Attachments

2005-07-20, Wednesday - Update

This morning, I monitored one list of stocks (7 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

FORD IIG MCRI NGPS RTSX TASR UBET

Our system generated six possible trade signals from the list of seven Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

FORD MCRI NGPS RTSX TASR UBET

Dry Up Stocks NOT Triggering Signal

IIG

TASR did NOT show price improvement ($9.82) at time of signal generation (9:55 AM). In addition, MACD Histogram showed a negative return (-.0478). Also, The Stochastic Indicator fell below desired levels (46.27). As a result, I took no action with respect to trading TASR.

NGPS DID show price improvement ($32.49) at time of signal generation (9:58 AM). In addition, MACD Histogram showed a positive return (+.1559). Also, The Stochastic Indicator fell above desired levels (89.53). As a result, I entered into a long position with 1000 shares of NGPS receiving a fill price of $32.50 USD.

UBET DID show price improvement ($5.74) at time of signal generation (10:38 AM). In addition, MACD Histogram showed a positive return (+.0288). Also, The Stochastic Indicator fell above desired levels (94.59). As a result, I entered into a long position with 4000 shares of UBET receiving a fill price of $5.75 USD.

MCRI DID show price improvement ($25.35) at time of signal generation (10:39 AM). In addition, MACD Histogram showed a positive return (+.0080). Also, The Stochastic Indicator fell above desired levels (95.21). As a result, I entered into a long position with 1000 shares of MCRI receiving a fill price of $25.38 USD.

FORD did NOT show price improvement ($20.11) at time of signal generation (11:13 AM). In addition, MACD Histogram showed a negative return (-.0070). Also, The Stochastic Indicator fell below desired levels (65.00). As a result, I took no action with respect to trading FORD.

RTSX DID show price improvement ($26.53) at time of signal generation (11:18 AM). However, MACD Histogram showed a negative return (-.0087). In addition, The Stochastic Indicator fell below desired levels (34.09). As a result, I took no action with respect to trading RTSX.

In summary, I currently hold:

1000 shares NGPS @ $32.50 USD.
4000 shares UBET @ $ 5.75 USD.
1000 shares MCRI @ $25.38 USD.

- Spydertrader
 
Quote from Spydertrader:

I'm hoping your analysis of the UBET daily proves correct. I would prefer to see a little more volume as we move through the afternoon (at least 347,000 shares).

- Spydertrader
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I know your following your system but the right entry was 5.61 yesterdays high on the hammer.

Good luck to you on it though it still looks ok to me :)
 
2005-07-20, Wednesday - Update

Actual volume for UBET failed to reach FRV levels by EOD. As a result, I sold all shares of UBET receiving a fill price of $5.80 USD. This intraday trade yielded a per share profit of .05 on 4000 shares or $200 USD.

Actual volume for both MCRI and NGPS exceeded calculated FRV levels by EOD. As a result, I continue to hold all shares of MCRI and NGPS until at least tomorrow.

Overnight holdings:

1000 shares of MCRI from $25.38
1000 shares of NGPS from $32.50

- Spydertrader
 
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