Quote from Spydertrader:
2005-09-12, Monday - 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 HANS JMDT MFLX NGPS SNHY VDSI
Our system generated five 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
SNHY VDSI CKCM HANS NGPS
Dry Up Stocks NOT Triggering Signal
CMT DCAI JMDT MFLX
SNHY did show price improvement ($20.64) at time of signal generation (9:46 AM). In addition, MACD Histogram showed a positive return (+.0034). Also, The Stochastic Indicator fell above desired levels (100.00). However, before I could place an order, price moved over 80 cents within a few seconds. Unable to receive a good fill price, I took no action with respect to trading SNHY. Those of you who were quick enough to receive a fill, excellent trade!
VDSI did not show price improvement ($9.73) at time of signal generation (9:55 AM). In addition, MACD Histogram showed a negative return (-.0857). Also, The Stochastic Indicator fell below desired levels (4.17). As a result, I took no action with respect to trading VDSI.
CKCM did show price improvement ($18.15) at time of signal generation (10:32 AM). In addition, MACD Histogram showed a positive return (+.0133). However, The Stochastic Indicator fell below desired levels (32.79). As a result, I took no action with respect to trading CKCM.
HANS did not show price improvement ($48.55) at time of signal generation (10:46 AM). In addition, MACD Histogram showed a negative return (-.3820). Also, The Stochastic Indicator fell below desired levels (29.19). As a result, I took no action with respect to trading HANS.
NGPS did show price improvement ($27.06) at time of signal generation (11:17 AM). In addition, MACD Histogram showed a positive return (+.0478). Also, The Stochastic Indicator fell above desired levels (93.67). However, since I received this signal so late in the morning and so close to our 11:30 AM cutoff, I took No action with repect to trading NGPS.
I continue to hold 1000 shares of SNHY from the $18.02 USD price point.
- Spydertrader