This will be the first post of my new daily blog I will be starting. The subject of this blog will be on technical studies I have created, and the stocks that meet those technical study criteria. I use TD Ameritrade's ThinkorSwim platform for scanning for stocks that have met the criteria for one of the three studies below. I have three different technical studies using various technical indicators that make up each study; the three studies are listed below with the indicators that make up each study, and the idea behind each:
Bollinger Bands Study:
Bollinger Bands, ADX [Average Directional Index], Momentum, and A Moving Average
Goal: Identify Stocks that are below the lower Bollinger band, and meet other criteria I have set using the three other technical indicators listed above.
Price Channels, ADX
Goal: Identify stocks that are trending lower and show signs of reversal using Price channels and ADX
Fibonacci Lines, RSI [Relative Strength Index] , and MFI [Money Flow Index]
Goal: Identify stocks that have met certain Fibonacci retracement requirements as well as other criteria for RSI and MFI.
Available Stocks/ETF's: S&P 500, S&P Mid Cap 400, S&P Small Cap 600, Nasdaq, and all ETF's.
Entry: I will scan at the end of each day for any stocks that match any of the above three technical studies, and for tracking purposes will track the stock using the open from the day following the signal.
Exit: The exit point for all three studies will be a gain of 30% within a 1 year time period, or 1 year from the original entry date, which ever comes first.
6/4/2012 Study Matches
Below are the study matches for the day, also before looking at the list below please read my disclaimer here.
Bollinger Bands Study: NONE
Reversal Study: NONE
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.