2005-09-21, Wednesday - 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
CKCM CMT FORD IRIS JMDT SNHY
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
JMDT IRIS
Dry Up Stocks NOT Triggering Signal
CKCM CMT FORD SNHY
JMDT did not show price improvement ($23.15) at time of signal generation (10:47 AM). In addition, MACD Histogram showed a negative return (-.1855). Also, The Stochastic Indicator fell below desired levels (5.95). As a result, I took no action with respect to trading JMDT.
IRIS did not show price improvement ($18.09) at time of signal generation (10:59 AM). In addition, MACD Histogram showed a negative return (-.0004). Also, The Stochastic Indicator fell below desired levels (61.90). As a result, I took no action with respect to trading IRIS.
- Spydertrader