Spydertrader's Jack Hershey Equities Journal

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2005-08-23, Tuesday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort

Hot List

DPTR FORD NETL SNHY

Dry Up Stocks

DCAI FORD NFLX RTSX SNHY VDSI

Hot List Stocks Scores

DPTR - 0
FORD - 6
NETL - 7
SNHY - 5

Dry Up Stocks Scores

DCAI - 0
FORD - 6
NFLX - 0
RTSX - 2
SNHY - 5
VDSI - 0

Keep an Eye on These Stocks

TRGL (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=822021>
 

Attachments

2005-08-23, Tuesday - Update

This morning, I monitored one list of stocks (6 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

DCAI FORD NFLX RTSX SNHY VDSI

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

Dry Up Stocks Triggering Signal

DCAI RTSX

Dry Up Stocks NOT Triggering Signal

FORD NFLX SNHY VDSI

DCAI did show price improvement ($18.60) at time of signal generation (10:34 AM). In addition, MACD Histogram showed a positive return (+.1270). Also, The Stochastic Indicator fell above desired levels (99.95). As a result, I entered into a long position with 1000 shares of DCAI receiving a fill price of $18.62 USD.

RTSX did show price improvement ($26.30) at time of signal generation (10:37 AM). In addition, MACD Histogram showed a positive return (+.0107). Also, The Stochastic Indicator fell above desired levels (82.66). As a result, I entered into a long position with 1000 shares of RTSX receiving a fill price of $26.30 USD.

- Spydertrader
 
I am grateful for what you've done in this journal.
I was struggling with info on other links.

I passed on RTSX at 10:38am signal because I saw huge volume jump and found a 16000 share block at $26.29998. This represented about 1/2 of lower band (32929) and 1/3 of total volume (50,000 +) .

My question: What is requirement to enter position when FRV is exceeded. I can't seem to find a mention in any of my notes about MACD or stoch readings for entry when FRV is exceeded.


RTSX exceeded FRV at about 1144am at 197000. MACD was positive with stochastics about 50. This volume surge seems to be a strong signal to exceed FRV so early in the day.



Thank you:confused:
 
Today's activity in RTSX may be related to the appearance of the CEO on CNBC at around 11:40 a.m. during which price spiked to 26.85. I hope this leads to futher price appreciation but I have my doubts. It looks like a lot of blocks were picked up this morning and cashed out on the spike.
 
Quote from hungry:

What is requirement to enter position when FRV is exceeded. I can't seem to find a mention in any of my notes about MACD or stoch readings for entry when FRV is exceeded.
More...

Same levels on the confirming indicators (Price, MACD Histogram, Stochastic Indicator) as we use on a Dry Up Volume entry, we use on an FRV entry. Ultimately, Jack likes to enter into a position with a stock on FRV, but uses Dry Up to get into the move a bit earlier.

- Spydertrader
 
Quote from Reno:

Today's activity in RTSX may be related to the appearance of the CEO on CNBC at around 11:40 a.m. during which price spiked to 26.85. I hope this leads to further price appreciation but I have my doubts. It looks like a lot of blocks were picked up this morning and cashed out on the spike.
More...

Thanks for posting the above information. My girlfriend usually has The Country Music Channel on the Television during the day. As a result, I have not had an opportunity to listen to CNBC while trading in quite some time. I appreciate the heads up.

- Spydertrader
 
2005-08-23, Tuesday - Update

Only RTSX out of our List of Dry Up Stocks reached FRV levels by EOD.

As a result, I sold all shares of DCAI at the $19.15 price point. This intraday trade yielded a single day gross profit of $530 USD or a 3% gain on 1000 shares.

I continue to HOLD all 1000 shares of RTSX from the $26.30 price point. Volume for RTSX exceeded both FRV & Peak Volume levels by EOD. I plan to hold all shares until at least tomorrow morning.

- Spydertrader
 
Spydertrader,

Here is a copy of the chart at time of signal generation. Notice the MACD is negative. Why would mine be negative and yours be positive at around the same time? Any help understanding this would be greatly appreciated.

Gooch87
 
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