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Brad Kenagy
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-I have been investing since the fall of 2008 and invested through one of the most difficult investing periods in history and know the importance of dividend growth and stability during those times as well as during the good times. I started writing for Seeking Alpha a little over three years... More
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  • Daily Technical Study Report 6/4/2012 0 comments
    Jun 5, 2012 10:45 AM | about stocks: ANF, MET, NYX

    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.

    Reversal Study:

    Price Channels, ADX

    Goal: Identify stocks that are trending lower and show signs of reversal using Price channels and ADX

    Fibonacci Study:

    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.

    Tracking Conditions:

    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

    Fibonacci Study: Abercrombie & Fitch Co. (NYSE:ANF), MetLife, Inc. (NYSE:MET), NYSE Euronext, Inc. (NYSE:NYX)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Technical Analysis Stocks: ANF, MET, NYX
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