Thoughts....
I've included several new setups in the weekend update. Despite the weakness in the market, I'm still locating a ton of short setups that I feel offer good risk to reward opportunities. I also added a few intraday ETF setups to the list. I'll try to make a few posts during the week.
Comments
S/T
Thanks
Thanks for the comments. I've been a user of stockcharts.com going on 10 years. To answer your question, most of the "scans" I use are based on MAs and were created in their formatted engine. Unfortunately, I haven't found that "magic scan" yet. It's mostly just hard work. I'll make a post this weekend with the details of the scans I use. Maybe you'll come up with one better.
Regards,
Tony
Thanks, I look forward to your post. I mostly run fundamental screens (both my own and others from IBD, Kirk Report, etc) and visually look at each chart for setups - a lot of work but I enjoy it. I'm looking for ways to better narrow down candidates by filtering for technicals using online screens like FINVIZ, stockcharts, etc.
PS - I liked several of your charts. ACGL triggered an alert for me to short today at 64.64 range, but I have yet to pull the trigger,
You're doing the same the same thing as me then. As you mentioned, it's a lot of work, and I don't think most folks realize it. I'll post my scans this weekend. I nibbled on ACGL off the open, and I'll take the loss on a move over today's high....probably too tight since it's toast long term but it fits my style and there won't be a lot of damage. On another note, the DIG, SKF and TWM setups are working out okay so far.