StockFetcher Forums · Filter Exchange · Strong or weak stocks that dont really care what the market is doing.<< >>Post Follow-up
mdl060374
91 posts
msg #73396
Ignore mdl060374
modified
4/8/2009 5:47:25 PM

How many times have we found the "great setup" (long or short) only to have the market reverse and take us out of a promising trade.

Its easy to look back at strong stocks and big 10% daily candles and try to wait for there next rally, only to realize the market was working directly in conjunction on those days...

Anyone have any ideas that could look for historically strong stocks (similar to TRO's RFR) that basically have their own "personality" and dont need a market rally to run?

Obviously lt BIG down days have to be taken into consideration, but I guess what I am looking for something that kind of filter that finds momentum stocks (not OTCBB btw) that act on thier own behalf, and have their statistics somewhat price out S&P behavior.

I really like TRO's RFR, am just looking wracking my brain, for any thoughts on a way to tweek it and weed out excessive market behavior that skews the stats...

Am I making sense here? thoughts?



screenulator
6 posts
msg #73484
Ignore screenulator
4/12/2009 4:43:20 PM

That is why it is important to keep an eye on the overall market sentiment.

What you want is negative beta which measures the volatility correlation to overal market or benchmark. dont know how it works in SF but even google screener has it.

mdl060374
91 posts
msg #73641
Ignore mdl060374
4/18/2009 3:39:14 PM

ok thanks I will look into it. That at least gives me a place to start, and maybe dial my timing in. Trading the rights things at the right times.

StockFetcher Forums · Filter Exchange · Strong or weak stocks that dont really care what the market is doing.<< >>Post Follow-up

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