StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER<< 1 ... 7 8 9 10 11 ... 22 >>Post Follow-up
optionplayer333
801 posts
msg #94891
Ignore optionplayer333
modified
7/18/2010 5:52:08 PM

XXXxx

optionplayer333
801 posts
msg #94892
Ignore optionplayer333
modified
7/18/2010 5:53:37 PM

kevin anytime you get a pos divergence of >60% that an instant cash machine-- apc was a pos diverg of +71% at 36.70- the chart below shws why it so important to have the higher profit indicator stocks lets look at fdo with only a 6

optionplayer333
801 posts
msg #94893
Ignore optionplayer333
modified
7/18/2010 5:59:59 PM

xxxxxxxxxx

optionplayer333
801 posts
msg #94898
Ignore optionplayer333
modified
7/18/2010 10:01:25 PM

xxxxxxxxxxxxxxx

optionplayer333
801 posts
msg #94902
Ignore optionplayer333
modified
7/18/2010 10:42:34 PM

xxxxxxxxxx

optionplayer333
801 posts
msg #94903
Ignore optionplayer333
modified
7/18/2010 10:49:24 PM

xxxxxxxxxxx

optionplayer333
801 posts
msg #94904
Ignore optionplayer333
7/18/2010 10:52:43 PM

http://stockcharts.com/h-sc/ui?s=spy

Kevin_in_GA
4,538 posts
msg #94905
Ignore Kevin_in_GA
modified
7/18/2010 10:55:34 PM

In an effort to make this system a little more mechanical in setting both entries and exits, I am going to use the current values of the various pivot resistance and support levels (r1/r2, and s1/s2) as entries and exits. All values are derived from the values on the day the trade is signalled. Essentially as follows:

On long trades, use s1 as a limit order entry, s2 as the stop loss, and r1 as the profit target.

On short trades, the reverse is used - r1 as a limit order entry, r2 as the stop loss, and s1 as the profit target.

In all the stocks selected below, this limit order entry would have been filled on at least 4 of the last five days.


New Long and Short Plays

Long Plays:

SKX - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), RSI(2) is below 1, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 31.35, stop loss at 30.60, target exit at 33.32 for a potential profit of 6.28%.

CPE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.39, stop loss at 5.26, target exit at 5.75 for a potential profit of 6.68%.

GSIC - Scored 3/6 on Conners filters, has closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 25.38, stop loss at 24.83, target exit at 27.00 for a potential profit of 6.38%.

LGF - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.98, stop loss at 5.86, target exit at 6.28 for a potential profit of 5.02%.

PWR - Scored 3/6 on Conners filters, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 20.00, stop loss at 19.70, target exit at 20.87 for a potential profit of 4.30%.

Short Plays:

MON - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and RSI(2) is above 99.
Limit order entry at 57.20, stop loss at 58.19, target exit at 55.37 for a potential profit of 3.20%.

SPN - Scored 6/6 on the Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 22.25, stop loss at 22.67, target exit at 21.42 for a potential profit of 3.73%.

ONNN - Scored 4/6 on Conners filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.27, stop loss at 7.48, target exit at 6.87 for a potential profit of 5.50%.

WCRX - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 24.75, stop loss at 25.46, target exit at 23.49 for a potential profit of 5.09%.

APOL - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 46.95, stop loss at 48.32, target exit at 44.30 for a potential profit of 5.64%.

Keep an eye on GS as another good short play - only 1/6 on the Connors filters, but closed above the upper BB(20,2), and has moved more than 2 SD above its usual relationship with the SPY.


Kevin_in_GA
4,538 posts
msg #94923
Ignore Kevin_in_GA
modified
7/19/2010 7:53:26 PM

7/19/2010 Update:

Long Plays:

SKX - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), RSI(2) is below 1, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 31.35, stop loss at 30.60, target exit at 33.32 for a potential profit of 6.28%.
ORDER NOT FILLED - low today of 31.82. Will keep as is for tomorrow


CPE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.39, stop loss at 5.26, target exit at 5.75 for a potential profit of 6.68%.
ORDER FILLED AT 5.39. Closed today at 5.42, for a gain of 0.56%


GSIC - Scored 3/6 on Conners filters, has closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 25.38, stop loss at 24.83, target exit at 27.00 for a potential profit of 6.38%.
ORDER NOT FILLED - low today of 25.44. Will keep as is for tomorrow


LGF - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.98, stop loss at 5.86, target exit at 6.28 for a potential profit of 5.02%.
ORDER FILLED AT 5.98. Closed today at 6.03, for a gain of 0.84%


PWR - Scored 3/6 on Conners filters, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 20.00, stop loss at 19.70, target exit at 20.87 for a potential profit of 4.30%.
ORDER NOT FILLED - low today of 20.33. Will keep as is for tomorrow


Short Plays:

MON - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and RSI(2) is above 99.
Limit order entry at 57.20, stop loss at 58.19, target exit at 55.37 for a potential profit of 3.20%.
ORDER NOT FILLED - high today of 56.97. Will keep as is for tomorrow


SPN - Scored 6/6 on the Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 22.25, stop loss at 22.67, target exit at 21.42 for a potential profit of 3.73%.
ORDER FILLED AT 22.25. Closed today at 22.41, for a loss of 0.71%


ONNN - Scored 4/6 on Conners filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.27, stop loss at 7.48, target exit at 6.87 for a potential profit of 5.50%.
ORDER NOT FILLED - high today of 7.24. Will keep as is for tomorrow, but with the IBM AH earnings report this one may not get filled this week


WCRX - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 24.75, stop loss at 25.46, target exit at 23.49 for a potential profit of 5.09%.
ORDER NOT FILLED - high today of 24.48. Will keep as is for tomorrow


APOL - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 46.95, stop loss at 48.32, target exit at 44.30 for a potential profit of 5.64%.
ORDER FILLED AT 46.95. STOPPED OUT at 48.32, for a loss of 2.63%


May need to move the entry limit orders to perhaps half the distance between the previous close and the r1/s1 targets, as these are getting close to the target but not quite crossing.

Learning as I go - to keep continuity in my previous entry strategy I'll also track the "buy at the open price" portfolio as well. This would be down 1.04% today if all ten were bought at their open price, and APOL still stopped out at 48.32 (I would have set a different stop based on the different entry price, but for now I'll keep them the same).

Kevin_in_GA
4,538 posts
msg #94942
Ignore Kevin_in_GA
modified
7/20/2010 10:20:49 PM

7/20/2010 Update:

Long Plays:

SKX - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), RSI(2) is below 1, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 31.35, stop loss at 30.60, target exit at 33.32 for a potential profit of 6.28%.
ORDER NOT FILLED - low today of 31.82. Will keep as is for tomorrow


CPE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.39, stop loss at 5.26, target exit at 5.75 for a potential profit of 6.68%.
ORDER FILLED AT 5.39. PROFIT TARGET HIT at 5.75, for a gain of 6.68%


GSIC - Scored 3/6 on Connors filters, has closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 25.38, stop loss at 24.83, target exit at 27.00 for a potential profit of 6.38%.
ORDER FILLED AT 25.38. Closed today at 26.33, for a gain of 3.74%


LGF - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.98, stop loss at 5.86, target exit at 6.28 for a potential profit of 5.02%.
ORDER FILLED AT 5.98. PROFIT TARGET HIT at 6.28, for a gain of 5.02%


PWR - Scored 3/6 on Connors filters, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 20.00, stop loss at 19.70, target exit at 20.87 for a potential profit of 4.30%.
ORDER NOT FILLED - low today of 20.18. Will keep as is for tomorrow


Short Plays:

MON - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and RSI(2) is above 99.
Limit order entry at 57.20, stop loss at 58.19, target exit at 55.37 for a potential profit of 3.20%.
ORDER FILLED AT 57.20. Closed today at 57.61, for a loss of 0.71%


SPN - Scored 6/6 on the Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 22.25, stop loss at 22.67, target exit at 21.42 for a potential profit of 3.73%.
ORDER FILLED AT 22.25. STOPPED OUT at 22.67, for a loss of 1.85%


ONNN - Scored 4/6 on Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.27, stop loss at 7.48, target exit at 6.87 for a potential profit of 5.50%.
ORDER FILLED AT 7.27. Closed today at 7.27, for a gain of 0.00%


WCRX - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 24.75, stop loss at 25.46, target exit at 23.49 for a potential profit of 5.09%.
ORDER NOT FILLED - high today of 23.93. Will keep as is for tomorrow


APOL - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 46.95, stop loss at 48.32, target exit at 44.30 for a potential profit of 5.64%.
ORDER FILLED AT 46.95. STOPPED OUT at 48.32, for a loss of 2.63%


Nice turnaround today - the net gain on this set of trades is 1.41% ($397 on a total of $28,000 invested).

I'll need to add net one long position to maintain dollar neutrality. Looking at both the long and short filters, I'll add 1 short play and 2 long plays to the list, using the same limit entry order approach:

New Short Play

CYPB - 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.
Limit order entry at 3.72, stop loss at 3.87, target exit at 3.38 for a potential profit of 9.14%.

New Long Plays

TCB - Scored 6/6 on the Connors filters, close was also the high, which is very encouraging.
Limit order entry at 15.09, stop loss at 14.87, target exit at 15.45 for a potential profit of 2.38%.

HRC - Scored 4/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 28.94, stop loss at 28.59, target exit at 29.75 for a potential profit of 2.80%.


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