The ACD Method

Quote from Shanb:

Just curious, what types of things are you screening for?
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I typically start with a top down look from sector ETFs into the brighter spots in the market, looking at both a monthly and a 30 day rolling number line. I guess maybe because I'm using a 30 day and monthly number line I could be excluding momentum.

I like to see a monthly A before I start looking for spots, but I also like carrying a position as long as it keeps working. I tend to find less publicized names that are making month or longer trends but don't really spike or gap a ton. The names I end up with are usually outperforming their index, but I never see names that are just up huge really.

I'm sure that since I'm looking at sector ETFs I tend to grab names that are highly correlated to their sector, (and maybe therefore are larger components that don't move as much in a shorter period).
 
Quote from Quon:

I typically start with a top down look from sector ETFs into the brighter spots in the market, looking at both a monthly and a 30 day rolling number line. I guess maybe because I'm using a 30 day and monthly number line I could be excluding momentum.

I like to see a monthly A before I start looking for spots, but I also like carrying a position as long as it keeps working. I tend to find less publicized names that are making month or longer trends but don't really spike or gap a ton. The names I end up with are usually outperforming their index, but I never see names that are just up huge really.

I'm sure that since I'm looking at sector ETFs I tend to grab names that are highly correlated to their sector, (and maybe therefore are larger components that don't move as much in a shorter period).
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Ok I see...I think since you are looking at the sector ETFs it may be narrowing your focus to only the names included in the ETF. You could still narrow down by sector and look at names outside of the major ETF's. Idk if you use Finviz but the screener is a great tool.

Also there is a website called T3LIVE.COM and there are some very good equity traders on there. They have a free pre and post market show. They tend to go over alot of the names that are moving and give some good analysis. I use it more for watching names that are in play and could lead the market. One interesting name that Scott Redler has talked about in the past week or so is DRYS...I would have never seen this if he didn't mention it!

http://www.t3live.com/

Have fun !
 
Quote from Shanb:

Ok I see...I think since you are looking at the sector ETFs it may be narrowing your focus to only the names included in the ETF. You could still narrow down by sector and look at names outside of the major ETF's. Idk if you use Finviz but the screener is a great tool.

Also there is a website called T3LIVE.COM and there are some very good equity traders on there. They have a free pre and post market show. They tend to go over alot of the names that are moving and give some good analysis. I use it more for watching names that are in play and could lead the market. One interesting name that Scott Redler has talked about in the past week or so is DRYS...I would have never seen this if he didn't mention it!

http://www.t3live.com/

Have fun !
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Thanks, I'll check out T3LIVE, not aware of that one. I've looked around and played in Finviz, but I'm sure I'm still just scratching the surface.

Funny you mention DRYS, think Gartman was on FM talking about taking a position in that one today.

Much appreciated Shan
 
Quote from Quon:

Thanks, I'll check out T3LIVE, not aware of that one. I've looked around and played in Finviz, but I'm sure I'm still just scratching the surface.

Funny you mention DRYS, think Gartman was on FM talking about taking a position in that one today.

Much appreciated Shan
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Haha nice!

Here's a cool scan one can do at the end of the day to find those stocks that are breaking out on high volume. It's a simple relative volume scan with some filters, you can catch those names that are flying under the radar, they can have the biggest moves at times!

http://www.finviz.com/screener.ashx...sh_relvol_o3,ta_changeopen_u,ta_perf_dup&ft=3
 
Quote from Quon:

Thanks, I'll check out T3LIVE, not aware of that one. I've looked around and played in Finviz, but I'm sure I'm still just scratching the surface.

Funny you mention DRYS, think Gartman was on FM talking about taking a position in that one today.

Much appreciated Shan
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You might also check out GNK. Same space as DRYS.
 
Quote from Shanb:

Haha nice!

Here's a cool scan one can do at the end of the day to find those stocks that are breaking out on high volume. It's a simple relative volume scan with some filters, you can catch those names that are flying under the radar, they can have the biggest moves at times!

http://www.finviz.com/screener.ashx...sh_relvol_o3,ta_changeopen_u,ta_perf_dup&ft=3
More...

Nice scan, yup, looks like all the day's suspects are there. Probably wouldn't have otherwise seen some of these. Very nice!
 
Quote from Quon:

Nice scan, yup, looks like all the day's suspects are there. Probably wouldn't have otherwise seen some of these. Very nice!
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Finviz is about as good as you can get for a free site. A lot of stuff there.
 
Spoos popping again tonight for 7 handles. I honestly for the life of me can't find the underlying strength other then AAPL and the high end retailers which actually do look really good here. Tomorrow should be interesting. We went from a failed weekly A down this morning to the weekly A up tonight in the after hours. That weekly level around 1356 will be key tomorrow.
 
Quote from Maverick74:

Spoos popping again tonight for 7 handles. I honestly for the life of me can't find the underlying strength other then AAPL and the high end retailers which actually do look really good here. Tomorrow should be interesting. We went from a failed weekly A down this morning to the weekly A up tonight in the after hours. That weekly level around 1356 will be key tomorrow.
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like you said long bonds, where do you think bonds will be if we dump 100 points on spx, just sayin.
 
Quote from kinggyppo:

like you said long bonds, where do you think bonds will be if we dump 100 points on spx, just sayin.
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100 handles? My God, I'll be shopping for fallout shelters. LOL.

Well if we pulled back to 1325 I think Bonds will take out the swing highs at 145. A 100 handle drop and we make new all time highs at 147 and up.
 
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