Spydertrader's Jack Hershey Equities Journal

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2005-10-03, Monday - Midday Update

I apologize for the delay in posting, however circumstances in the offline world prevented me from having an opportunity to trade these methods this morning. Congrats to those of you who did take the trades signaled by the system. Again, I did not trade today's signals, but hope some of you did profit from them in my absence.

Today's Midday Review

Dry Up Stocks

CKCM CMT FORD IRIS JMDT LUFK SNHY

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

Dry Up Stocks Triggering Signal

CMT FORD SNHY IRIS

Dry Up Stocks NOT Triggering Signal

CKCM JMDT LUFK

CMT did not show price improvement ($5.40) at time of signal generation (10:32 AM). In addition, MACD Histogram showed a negative return (-.0736). Also, The Stochastic Indicator fell below desired levels (34.04). As a result, I took no action with respect to trading CMT.

FORD did show price improvement ($24.31) at time of signal generation (10:53 AM). In addition, MACD Histogram showed a positive return (+.2851). Also, The Stochastic Indicator fell above desired levels (97.53). Although I did not have an opportunity to trade this signal today, once again, congrats to those of you who profited from the FORD opportunity today.

SNHY did not show price improvement ($24.02) at time of signal generation (10:59 AM). In addition, MACD Histogram showed a negative return (-.0180). Also, The Stochastic Indicator fell below desired levels (12.28). As a result, I took no action with respect to trading SNHY.

IRIS did show price improvement ($18.65) at time of signal generation (11:06 AM). In addition, MACD Histogram showed a positive return (+.0641). Also, The Stochastic Indicator fell above desired levels (91.17). Although I did not have an opportunity to trade this signal today, once again, congrats to those of you who profited from the IRIS opportunity today.

- Spydertrader
 
Having just found your journal I have a question... do the steps at the very beginning still apply to someone just getting started, or have your methods changed enough to make those early directions obsolete?

If so is there a page number where I should start reading to be looking at an up-to-date methodology?

Thanks a bunch!
 
Quote from bdolnik:

Do the steps at the very beginning still apply to someone just getting started, or have your methods changed enough to make those early directions obsolete?
More...

Welcome bdolnik. While the exact methodology outlined in the beginning has changed somewhat over the last year, much of the system set up has remained the same. As a result, I recommend reading from the beginning in order to internalize the process as well as develop a greater understanding of the principles behind the methodology itself. Significant amounts of information helpful to any trader exist within the many pages compiled here. Skipping over the daily lists should save you lots of time.

- Spydertrader
 
2005-10-03, Monday - EOD Update

Actual volume for IRIS exceeded both FRV and Peak Volume levels by EOD.
I continue to hold all (1000) shares of VPHM from the $20.66 price point.

- 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.

2005-10-04, Tuesday - Lists

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

Hot List

DPTR FORD GMXR LUFK VIVO VPHM

Dry Up Stocks

CKCM CMT FORD JMDT NGPS SNHY VDSI VPHM

Hot List Stocks Scores

DPTR - 5
FORD - 7
GMXR - 7
LUFK - 2
VIVO - 5
VPHM - 4

Dry Up Stocks Scores

CKCM - 0
CMT - 2
FORD - 7
JMDT - 0
NGPS - 4
SNHY - 2
VDSI - 5
VPHM - 4

Keep an Eye on These Stocks

DCAI (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=858332>
 

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hey spyder I don't know if you're accepting any new ideas for this system. But I got a new idea that I thought would be helpful in determining DU levels...

What if instead of using some manipulation of AVERAGE volume as a way of finding DU, what if you used MEDIAN volume? I know it sounds weird, but I think it would elminate the outrageous levels of volume that could skew the average up. The median doesn't have that problem, and can be split into quartiles (aren't quartiles when you split the data into fourths?) or even smaller (like 1/8's). So you could look for volume in the lower quartiles instead of using an average. Just an idea I thought would be helpful.
 
Quote from greyfox45:

What if instead of using some manipulation of AVERAGE volume as a way of finding DU, what if you used MEDIAN volume?
More...

Thanks for contributing your idea greyfox45. An interesting idea you have here. Have you tested the methods? I'm sure many would find your results interesting. Feel free to let us know how things turn out with using median volume.

- Spydertrader
 
2005-10-04, Tuesday - Midday Update

This morning, I monitored one list of stocks (8 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 JMDT NGPS SNHY VDSI VPHM

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

Dry Up Stocks Triggering Signal

JMDT VDSI CMT

Dry Up Stocks NOT Triggering Signal

CKCM FORD NGPS SNHY VPHM

JMDT did not show price improvement ($20.16) at time of signal generation (10:02 AM). In addition, MACD Histogram showed a negative return (-.2894). Also, The Stochastic Indicator fell below desired levels (1.55). As a result, I took no action with respect to trading JMDT.

VDSI did not show price improvement ($9.12) at time of signal generation (10:53 AM). In addition, MACD Histogram showed a negative return (-.0221). Also, The Stochastic Indicator fell below desired levels (9.12). As a result, I took no action with respect to trading VDSI.

CMT did not show price improvement ($5.28) at time of signal generation (11:18 AM). In addition, MACD Histogram showed a negative return (-.0607). Also, The Stochastic Indicator fell below desired levels (25.03). As a result, I took no action with respect to trading CMT.

Today marked the fourth day holding VPHM As a result, I sold all (1000) shares of VPHM early this morning receiving an average fill price of $21.07 USD on 1000 shares. This four day trade yielded a gross profit of $410 USD or a gain of 2% on 1000 shares.

- Spydertrader
 
2005-10-04, Tuesday - IRIS Update

IRIS continues to move higher today. To those of you that did take the trade yesterday, excellent trading. IRIS has already exceeded a 10% gain since signal generation.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=858852>
 

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