Spydertrader's Jack Hershey Equities Journal

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kriggens, jmwilk & acesheet: Thanks for posting the alternative resources for calculating Float. I (and everyone else no doubt) appreciate your contributions to the Journal.

- Spydertrader
 
Spyder,

Thanks for taking from your valuable time to post this journal - it is extremely insightful.

It appears that you have an annual ROCI of > 100%. Awesome.

Thanks again!

Anthony
 
2005-09-22, Thursday - 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 FORD IRIS NGPS RATE SNHY VPHM

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

FORD VPHM CKCM DCAI RATE

Dry Up Stocks NOT Triggering Signal

CMT IRIS NGPS SNHY

FORD did not show price improvement ($23.66) at time of signal generation (9:44 AM). In addition, MACD Histogram showed a negative return (-.4367). Also, The Stochastic Indicator fell below desired levels (5.00). As a result, I took no action with respect to trading FORD.

VPHM did not show price improvement ($17.44) at time of signal generation (10:23 AM). In addition, MACD Histogram showed a negative return (-.3008). Also, The Stochastic Indicator fell below desired levels (11.54). As a result, I took no action with respect to trading VPHM.

CKCM did not show price improvement ($18.02) at time of signal generation (9:44 AM). In addition, MACD Histogram showed a negative return (-.1988). Also, The Stochastic Indicator fell below desired levels (16.28). As a result, I took no action with respect to trading CKCM.

DCAI did show price improvement ($15.02) at time of signal generation (10:39 AM). In addition, MACD Histogram showed a positive return (+.0469). However, The Stochastic Indicator fell below desired levels (67.51). As a result, I took no action with respect to trading DCAI.

RATE did not show price improvement ($26.61) at time of signal generation (11:11 AM). In addition, MACD Histogram showed a negative return (-.4951). Also, The Stochastic Indicator fell below desired levels (1.37). As a result, I took no action with respect to trading RATE.

- Spydertrader
 
Quote from aweissen:

Thanks for taking from your valuable time to post this journal - it is extremely insightful.
More...

You are most welcome. I'm glad you find the information here useful.

- Spydertrader
 
Float: I obtained float data from a qcharts trial subscription and saved it to the attached excel file. The file is in two parts due to size restrictions on elitetrader but can readily be rejoined with a simple copy and paste. I personally don't use qcharts but Yahoo has become unreliable for float data. I don't imagine that this would have to be updated any more frequently than every 6 months or so. Any thoughts? Perhaps one of the regular qcharts users on the thread can help us with this. Another option that costs $ is a telechart subcription but it does allow fairly rapid filtering by float, avg daily vol, price, etc. I have found some of their fundamental data to be occasionally questionable however.

Earnings dates: http://www.zacks.com/ free registration allows you to set up a tracking portfolio and under EPS view upcoming earnings dates are conveniently listed for all stocks in the portfolio. Some may find this of value.

Good trading to all.
 

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Spyder,

I was studying your WL v3 code tonight and when I came to BOP I noticed SMASeries( BOPSeries, 1 ) in the PVADScore function. Is it a mistake that you are taking a 1 day SMA or were you just messing around with different values at some point?

Code: 
function calcPVADScore() : integer;
begin
      var Score : integer = 0 ;
      var BopTBSeries : integer = [color=blue][b]SMASeries( BOPSeries, 1 )[/b][/color];
      
      if (@#Close[BarCount - 1] > 1.01 * @#Close[BarCount - 2]) then
         Score := Score + 4;

      if (@#volume[BarCount - 1] > 1.10 * @#volume[BarCount - 2]) then
         Score := Score + 2;

      if @BopTBSeries[Barcount - 1] > 0.30 then
         Score := Score + 1;

      Result := Score;

end;

Thanks.

-ace
 
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