The ACD Method

Quote from dv4632:

Can anyone recommend ways to identify the best leading stocks to keep tabs on? Just wondering if there's something I'm not thinking of, or any good sites I could utilize. Or if it's better to stick with sector ETF's/bonds/currencies and not follow individual stocks please say so.
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Investor's Business Daily publishes their Monday edition over the weekend ($3.00). On the second section's cover they show a list and small charts of the 50 fastest growing companies. Inside that section they list companies moving with high volume (up & down); sectors that are moving; high RS, high EPS, composite rankings, etc. They use a bold face type on top stocks for easy viewing. Lots of info in this section.

They also have online info where you can select certain criteria on their website (subscription required). Some info is free.

FinViz.com has groupings of: Top Gainers, New Highs, Overbought, Unusual Volume, etc. Also, they have a decent screener. (Free)
 
Oil spiking hard, new highs on the year fellas. Yesterday was the tell with the commodity complex getting hit hard and oil holding a nice bid
 
Quote from Nanook:

Investor's Business Daily publishes their Monday edition over the weekend ($3.00). On the second section's cover they show a list and small charts of the 50 fastest growing companies. Inside that section they list companies moving with high volume (up & down); sectors that are moving; high RS, high EPS, composite rankings, etc. They use a bold face type on top stocks for easy viewing. Lots of info in this section.

They also have online info where you can select certain criteria on their website (subscription required). Some info is free.

FinViz.com has groupings of: Top Gainers, New Highs, Overbought, Unusual Volume, etc. Also, they have a decent screener. (Free)
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Good advice here. Also over time you will generally get a good feel for what will be in play or what is lead the market at any one time.
 
Quote from dv4632:

Thanks guys. Yeah I use finviz but will check out IBD, I haven't looked at them in a while.
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That T3 website's pre/post market videos are pretty good for that, it's free and gives a good primer on many leading stocks.
 
Quote from Maverick74:

[B

The 5 day rolling is used more for short term momentum. See in the past I found it difficult to catch market turns when the number line got up to plus 25 or something crazy. Another way to think of it, the longer term number line is good for identifying the trend and the 5 day is good for entries and exists. [/B]
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Question, The idea of a 5 day rolling is interesting to me since my time frame is daytrading. And obviously the shorter the period, the more of zoom lens is being put on the most recent activity.)

I am curious about the change in line on a short term basis as far as decisions compared to the 30 day.

What I am asking is if you still look for a 2 day swing in score being similar to the 30? Or if its less (since you are dealing with a shorter period of time to compute the score.)

I would guess (and I havent used the numberline yet) that maybe going from + to - or vice versa, or simply having a 4 pt move might be good for a short term move.

Have you noticed any trends using the 5 day vs the month start 30 day?
 
Quote from mdl060374:

Question, The idea of a 5 day rolling is interesting to me since my time frame is daytrading. And obviously the shorter the period, the more of zoom lens is being put on the most recent activity.)

I am curious about the change in line on a short term basis as far as decisions compared to the 30 day.

What I am asking is if you still look for a 2 day swing in score being similar to the 30? Or if its less (since you are dealing with a shorter period of time to compute the score.)

I would guess (and I havent used the numberline yet) that maybe going from + to - or vice versa, or simply having a 4 pt move might be good for a short term move.

Have you noticed any trends using the 5 day vs the month start 30 day?
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To me, the number lines are all about reading price action. I use them as a relative value tool. When you look at the market as one big relative value bet, things become much more clear. And the number lines help you discern relative value very quickly and efficiently.
 
Here is an update on the Yen pairs. I put them all together on a comparison chart so we can see how all the yen pairs are performing relative to each other. This goes back 20 days to roughly the area where they all broke out. As you can see, the two best performing pairs in the basket are CHF/JPY and EUR/JPY. Although over the last week they all have converged and now the performance is relatively even across the entire complex ranging from 6.50% to 7.50% returns over the last 20 trading days.
 

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Here is a chart of just the CHF/JPY over the USD/JPY. As you can see, CHF/JPY has outperformed the USD/JPY nicely over most of the period but has also converged over the recent days. At it's peak it was 300 basis points ahead. Now only about 50 bp ahead.
 

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