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Brad Kenagy's  Instablog

Brad Kenagy
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History/Trading Style: I have been investing for 7 years. The subjects I focus primarily on are finding undervalued stocks through a variety of methods, building custom portfolio's of ETFs, Technical analysis of stocks and ETFs.
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  • Daily Technical Study Report 6/6/2012 0 comments
    Jun 6, 2012 8:24 PM

    Today the following stocks/ETF's met all the criteria for one of the three technical studies below:

    6/6/2012 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: NONE

    Study Descriptions

    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:

    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.

    Thoughts

    Today there were no stocks that came up on the screener for any of the three technical studies. That did not surprise me since today was a massive up day. Pretty much all of the stocks from yesterday's list performed exceptionally well today.

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

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