Spydertrader's Jack Hershey Equities Journal

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2005-08-26, Friday - Update

This morning, I monitored one list of stocks (9 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

CKCM CMT DCAI DPTR JMDT MCRI NFLX TRGL VDSI

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

Dry Up Stocks Triggering Signal

CMT NFLX CKCM MCRI

Dry Up Stocks NOT Triggering Signal

DCAI DPTR JMDT TRGL VDSI

CMT did not show price improvement ($6.55) at time of signal generation (10:02 AM). In addition, MACD Histogram showed a negative return (-.1023). Also, The Stochastic Indicator fell below desired levels (4.44). As a result, I took no action with respect to trading CMT.

NFLX did show price improvement ($21.22) at time of signal generation (10:33 AM). In addition, MACD Histogram showed a positive return (+.0226). However, The Stochastic Indicator fell below desired levels (72.09). As a result, I took no action with respect to NFLX.

CKCM did not show price improvement ($17.65) at time of signal generation (10:45 AM). In addition, MACD Histogram showed a negative return (-.1751). Also, The Stochastic Indicator fell below desired levels (11.73). As a result, I took no action with respect to trading CKCM.

MCRI did not show price improvement ($18.21) at time of signal generation (10:56 AM). In addition, MACD Histogram showed a negative return (-.0352). Also, The Stochastic Indicator fell below desired levels (38.18). As a result, I took no action with respect to trading MCRI.

- Spydertrader
 
Spyder,

I was watching ( I am in the watching stage) and was wondering if you were going to take the NFLX trade. I was showing a positive in both the MACD and STOCH. I also noticed that there was one block trade with 100,000 shares involved which skewed the normal volume. The trade was a buy.
Question... do you or have you taken in account block trades in your volume watch?

tia,

nt
 
Quote from Spydertrader:


NFLX did show price improvement ($21.22) at time of signal generation (10:33 AM). In addition, MACD Histogram showed a positive return (+.0226). However, The Stochastic Indicator fell below desired levels (72.09). As a result, I took no action with respect to NFLX.

- Spydertrader [/B]
More...

Should be interesting. At 1034 I had actual volume exceed lower band for nflx. At that moment on my data from IQ feed, my MACD (5,13,6) was +.046 and my stochastic (14,1,3) was 88.05.

As a result, I entered 400 shares at 21.27. I know there are data feed differences between providers because I switch around between several and can see differences.

Interesting to say the least.
 
Quote from ntfs:

I was watching ( I am in the watching stage) and was wondering if you were going to take the NFLX trade. I was showing a positive in both the MACD and STOCH. I also noticed that there was one block trade with 100,000 shares involved which skewed the normal volume. The trade was a buy. Question... do you or have you taken in account block trades in your volume watch?
More...

Welcome to our Journal, and I hope you have found the information here helpful to you. I like to avoid stocks where I notice significant block trades occurring. Jack Hershey has also recommended avoiding these large block trades resulting (in Jack's word's) from "inexperienced Fund Managers." You are right. Such trades often due skew the volume, and as I have often stated, a single trade does not a trend make.

- Spydertrader
 
Quote from hungry:

Should be interesting. At 1034 I had actual volume exceed lower band for nflx. At that moment on my data from IQ feed, my MACD (5,13,6) was +.046 and my stochastic (14,1,3) was 88.05.

As a result, I entered 400 shares at 21.27. I know there are data feed differences between providers because I switch around between several and can see differences.

Interesting to say the least.
More...

It appears you received a signal one minute later than myself. This time difference could very well resulted in your observation of a Stochastic Indicator level higher than the one I observed. Much can occur within 60 seconds of a trading day. At the time of this post, it appears your trade remains profitable. Congrats to you. As I have often stated, sometimes the data source differences have kept me out of bad trades, and sometimes the differences keep me out of good ones.

- Spydertrader
 
To create the following lists of stocks, I used 90 RS and 80 EPS. Using 90 RS and 90 EPS resulted in an initial stocktables.com sort of too few equities. Lists to follow at a later time.

- Spydertrader
 
2005-08-29, Monday - Lists

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

Hot List

DPTR ELOS FORD IRIS NETL SNHY VPHM

Dry Up Stocks

CKCM DCAI DPTR HANS IIG IRIS JMDT MCRI NFLX NGPS RADS RTSX TRGL VDSI

Hot List Stocks Scores

DPTR - 2
ELOS - 2
FORD - 4
IRIS - 0
NETL - 1
SNHY - 0
VPHM - 0

Dry Up Stocks Scores

CKCM - 2
DCAI - 0
DPTR - 1
HANS - 0
IIG - 4
IRIS - 0
JMDT - 0
MCRI - 2
NFLX - 3
NGPS - 0
RADS - 5
RTSX - 0
TRGL - 0
VDSI - 0

Keep an Eye on These Stocks

CMT (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=826657>
 

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As Category Five Hurricane Katrina prepares to make landfall, we should remain mindful of the effects such a powerful storm might have on those immediately affected by this storm's unusual strength. In addition, should the storm make a direct hit on the City of New Orleans and The Port of Louisiana, we might expect to see unusual volatility within the market. We can only hope the current Northwest drift of this massive storm causes limited damage and minimal loss of life.

- Spydertrader
 
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