2005-09-29, Thursday - Midday Update
This morning, I monitored one list of stocks (11 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 ELOS FORD IIG IRIS JMDT NGPS TRGL VDSI VPHM
Our system generated four possible trade signals from the list of eleven Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
VPHM IIG FORD TRGL
Dry Up Stocks NOT Triggering Signal
CKCM CMT ELOS IRIS JMDT NGPS VDSI
VPHM did show price improvement ($24.64) at time of signal generation (10:01 AM). In addition, MACD Histogram showed a positive return (+.0306). Also, The Stochastic Indicator fell above desired levels (88.39). As a result, I entered into a long position with VPHM receiving a fill price of $20.66 USD on 1000 shares.
IIG did not show price improvement ($6.20) at time of signal generation (10:02 AM). In addition, MACD Histogram showed a negative return (-.1464). Also, The Stochastic Indicator fell below desired levels (23.17). As a result, I took no action with respect to trading IIG.
FORD did not show price improvement ($23.30) at time of signal generation (10.26 AM). In addition, MACD Histogram showed a negative return (-.2988). Also, The Stochastic Indicator fell below desired levels (32.50). As a result, I took no action with respect to trading FORD.
TRGL did show price improvement ($35.53) at time of signal generation (10:42 AM). In addition, MACD Histogram showed a positive return (+.0421). However, The Stochastic Indicator fell below desired levels (78.89). As a result, I took no action with respect to trading TRGL.
- Spydertrader
