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Brad Kenagy
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History/Trading Style: I have been investing for 7 years. The subjects I focus primarily on are building custom portfolio's of ETFs, Technical analysis of stocks and ETFs, and value investing, as well as other topics.
  • Technical Study Report 7/12/2012 2 comments
    Jul 13, 2012 7:22 PM | about stocks: TRN, CMI, ACE, PCAR

    7/12/2012 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: Trinity Industries Inc. (NYSE:TRN), Cummins Inc. (NYSE:CMI), ACE Limited (NYSE:ACE), PACCAR Inc. (NASDAQ:PCAR)

    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

    It has been nearly two weeks since any stocks met the criteria for any of my three indicators but today 4 stocks met the reversal study criteria, my thinking is that this is the start of a new short term downtrend.

    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: TRN, CMI, ACE, PCAR
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Comments (2)
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  • Mickey45
    , contributor
    Comments (9) | Send Message
     
    rookie investor

     

    GNIN
    8 Mar 2013, 12:57 AM Reply Like
  • Brad Kenagy
    , contributor
    Comments (1492) | Send Message
     
    Author’s reply » Are you calling me a rookie investor? Or are you trying to enter my March Madness Contest? Link Below

     

    http://seekingalpha.co...
    8 Mar 2013, 10:08 AM Reply Like
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