StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER<< 1 ... 5 6 7 8 9 ... 22 >>Post Follow-up
optionplayer333
801 posts
msg #94756
Ignore optionplayer333
7/13/2010 1:10:55 PM

kevin why dont you just play faz and fas--they move abocve 18% a week just the last 6 weeks faz 13.80-18 fas 19-25 faz 13.50 to 19 fas 17.80 to 23.50- they have both had 3 moves up for an average gain of 24% that >230% compounded

Kevin_in_GA
4,536 posts
msg #94758
Ignore Kevin_in_GA
7/13/2010 2:03:31 PM

kevin why dont you just play faz and fas--they move abocve 18% a week just the last 6 weeks faz 13.80-18 fas 19-25 faz 13.50 to 19 fas 17.80 to 23.50- they have both had 3 moves up for an average gain of 24% that >230% compounded
+++++

Well, in part I am attempting to do here is to develop and optimize a dollar-neutral trading system (equal long and short dollar positions) using stocks that are statistically more overbought or oversold, and are highly likely to revert back to the mean. This is not about timing the market - I have tried that in the past with disastrous results. This is about creating above market returns with low overall volatility.

While I acknowledge that if you catch the tops and bottoms on these stocks you can make a bundle, that is not what this thread is about. Please - if you want to comment on the system that is being demonstrated real-time here, you are welcome. This discussion about "just play the 3x ETFs from their tops to bottoms" stuff is best placed in a separate thread.

Kevin_in_GA
4,536 posts
msg #94765
Ignore Kevin_in_GA
modified
7/13/2010 8:00:40 PM

Update:

Long Plays

ID - scored 3/6 on the Connors filters, and has moved more than 2 SD from its usual relationship with the SPY.
In on the open at 7.72, stop loss at 7.38 and profit target at 8.09 (set at open price +/- 1 ATR(10)).
STOPPED OUT at 7.38, for a loss of 4.40%


FDO - scored 2/6 on the Connors filters, and closed below the lower BB(20,2).
In on the open at 36.02, stop loss at 34.77 and profit target at 37.25 (set at open price +/- 1 ATR(10)).
Closed at 36.54, for a gain of 1.44%


ORLY - scored 4/6 on the Connors filters.
In on the open at 46.11, stop loss at 45.01 and profit target at 47.21 (set at open price +/- 1 ATR(10)).
PROFIT TARGET HIT. Sold at 47.21, for a gain of 2.39%


FCN - closed below the lower BB(20,2).
In on the open at 32.69, stop loss at 30.88 and profit target at 34.50 (set at open price +/- 1 ATR(10)).
Closed at 33.00, for a gain of 0.95%


RGS - closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY. Again a concern here is that this stock is currently below its MA(200), so no hits on the Connors filters.
In on the open at 13.78, stop loss at 13.05 and profit target at 14.50 (set at open price +/- 1 ATR(10)).
Closed at 14.20, for a gain of 3.05% (CLOSE TO PROFIT TARGET)




Short Plays

PM - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and gave a BB(16,2.5) SELL signal.
In on the open at 48.57, stop loss at 49.50 and profit target at 47.63 (set at open price +/- 1 ATR(10)).
Closed at 49.30 for a loss of 1.50% (CLOSE TO STOP LOSS)


EEFT - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
In on the open at 14.94, stop loss at 15.37 and profit target at 14.51 (set at open price +/- 1 ATR(10)).
STOPPED OUT at 15.37, for a loss of 2.79%

APC - Scored 6/6 on the Connors filters, and RSI(2) is above 99.
In on the open at 47.59, stop loss at 49.64 and profit target at 45.54 (set at open price +/- 1 ATR(10)).
Closed at 47.62 for a loss of 0.06%

NRF - Scored 5/6 on Conners filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
In on the open at 3.10, stop loss at 3.21 and profit target at 2.99 (set at open price +/- 1 ATR(10)).
STOPPED OUT at 3.21, for a loss of 3.42%

BP - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), and RSI(2) is above 99.
In on the open at 37.71, stop loss at 39.34 and profit target at 36.08 (set at open price +/- 1 ATR(10)).
PROFIT TARGET HIT. Covered at 36.08, for a gain of 4.32%

Net change for today - a gain of 0.36%
Net change for this week - a gain of 1.90%

I may need to use 1.5 x ATR(10) as my triggers - these stops are a little tight.

optionplayer333
801 posts
msg #94770
Ignore optionplayer333
7/14/2010 7:41:03 AM

its much easier totime the market-do it all the timePerformance results for your filter covering the dates:
Friday July 2, 2010 to Tuesday July 13, 2010

Change Offset
<< Week Day Previous Next Day Week >>
Results For Next... Overall Adv(%) Dec(%) Adv vs Dec Unch IXIC(%) DJIA(%)
1 Day -1.47% 96 (+1.36%) 231 (-2.67%)
4 +0.10% +0.59%
2 Days +3.67% 294 (+4.50%) 35 (-3.10%)
2 +3.24% +3.43%
3 Days +5.39% 302 (+6.20%) 27 (-3.26%)
2 +4.00% +4.67%
4 Days +7.67% 319 (+8.16%) 11 (-5.80%)
1 +5.00% +5.28%
1 Week +6.23% 304 (+7.11%) 25 (-3.92%)
2 +5.09% +5.47%
Current +9.81% 319 (+10.41%) 12 (-6.14%)
0 +7.18% +6.98%
331 matching stocks

kevein thats 97% winners up an averager of 10 % in 6 days

optionplayer333
801 posts
msg #94771
Ignore optionplayer333
7/14/2010 7:43:12 AM

i know 10 ways to make you 5-10% every week- you need to talk to me over skype and team viewer5- i 30 minutes- you will see a very clear picture

Kevin_in_GA
4,536 posts
msg #94774
Ignore Kevin_in_GA
modified
7/14/2010 9:17:40 AM

Very few good long plays are being selected by the Composite long filter. Given that I closed out 3 shorts and 2 longs yesterday, I only need 1 new short to keep dollar neutrality.

Lots of good choices - DWA scored a composite 9, lots of 8's as well.

Looking at the charts, my choice is TUP - Tupperware. It scored a 6/6 on the Connors short filters, closed above its BB(20,2) by a LOT, its RSI(2) is 98.67, and it has moved more than 2 SD from its usual relationship with the SPY.

Also important - it closed at 43.67, and its MA(200) is at 44.485, its weekly MA(20) is at 44.55, and its weekly MA(50) is at 43.26.

Will short this at the open.

EDIT:

In on the open at 43.59, stop loss at 45.77 and profit target at 41.49.


Kevin_in_GA
4,536 posts
msg #94790
Ignore Kevin_in_GA
7/14/2010 10:35:22 PM

Update:

Long Plays


FDO - scored 2/6 on the Connors filters, and closed below the lower BB(20,2).
In on the open at 36.02, stop loss at 34.77 and profit target at 37.25 (set at open price +/- 1 ATR(10)).
Closed at 37.08, for a gain of 2.94% (came within $0.01 of profit target today)


FCN - Closed below the lower BB(20,2).
In on the open at 32.69, stop loss at 30.88 and profit target at 34.50 (set at open price +/- 1 ATR(10)).
Closed at 32.91, for a gain of 0.67%


RGS - closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY.
In on the open at 13.78, stop loss at 13.05 and profit target at 14.50 (set at open price +/- 1 ATR(10)).
Closed at 14.11, for a gain of 2.39%




Short Plays

PM - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and gave a BB(16,2.5) SELL signal.
In on the open at 48.57, stop loss at 49.50 and profit target at 47.63 (set at open price +/- 1 ATR(10)).
STOPPED OUT for a loss of 1.88%


APC - Scored 6/6 on the Connors filters, and RSI(2) is above 99.
In on the open at 47.59, stop loss at 49.64 and profit target at 45.54 (set at open price +/- 1 ATR(10)).
Closed at 47.58 for a gain of 0.02%

TUP - Scored a 6/6 on the Connors short filters, closed above its BB(20,2), its RSI(2) is 98.67, and it has moved more than 2 SD from its usual relationship with the SPY.
In on the open at 43.59, stop loss at 45.77 and profit target at 41.49.
Closed at 43.33, for a net gain of 0.60%


Net change for today - a gain of 0.08%
Net change for this week - a gain of 1.98%


Need to add one short play here to maintain dollar neutrality - or two shorts and one additional long play.

Looking at the short filter, there are a lot of good possibilities, but again the long filter is returning very few hits, none of which are very compelling. Therefore I'll add only 1 short play for tomorrow:

MON (Monsanto) - Scored a 5/6 on the Connors short filters, closed above its BB(20,2), its RSI(2) is above 99, and it has moved more than 2 SD from its usual relationship with the SPY.




ttd0sve
9 posts
msg #94793
Ignore ttd0sve
7/15/2010 12:06:15 AM

Hello Kevin!
I'm glad to see someone is trading with this setup. I have been buying pullbacks for about six months now and its the only way I have been trading since the beginning of the year. I have noticed that if the stock does not go my way when I buy it then it will not come back around for maybe a week, tying up my money just to brake even. Now if the trade does not go my way when I first go long I just sell for the small loss. I have never went short but probably will some time soon.
Just thought I would let you know that I like your thread!

Kevin_in_GA
4,536 posts
msg #94796
Ignore Kevin_in_GA
7/15/2010 10:12:26 AM

I'll add only 1 short play for today:

MON (Monsanto) - Scored a 5/6 on the Connors short filters, closed above its BB(20,2), its RSI(2) is above 99, and it has moved more than 2 SD from its usual relationship with the SPY.
In at the open on 7/15 at 54.59, stop loss at 57.28 (-4.70%), profit target at 51.48 (+6.04%)

cath_campbell
5 posts
msg #94803
Ignore cath_campbell
7/15/2010 12:25:54 PM

Hey Kevin,

thanks for the filter and the explanation on the Conner's RSI.... keep up the good work, I really enjoy reading your updates!


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