All posts by ami

Near breakout after long weekend, Sep 2nd, 2014

After the long Labor day weekend, I’m watching these stocks for a possible break up from resistance: $IDG, $SOXX, $POR. All three seem to condense the price range near the top of the yearly range and any small push over the resistance may cause a large move up afterwards.

The other list is of stocks near the bottom of the yearly range of prices, these are stocks that are in a mirror image situation from the first list. The stocks here are dangerously close to the bottom and are near a strong support which, if broken may show further significant price decline. This is a short list today: $SBCF, $NCT.

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Here are the charts of all these stocks.

NCT_Sep2_2014 SBCF_Sep2_2014 POR_Sep2_2014 SOXX_Sep2_2014 IGD_Sep2_2014

Short term break out filter, Aug 28, 2014

Short term filter looks at prices in the past 2 weeks at a 15 minute frequency and picks the stocks that are near the extreme 5% of the previous 10 trading days price range.

Here are the results of the filter for today.

Near the top are: $DAL, $ANAC, $MBT, $NIE, $BKE, $ALK, $CHL, $TTM, $COL, $CHT, $AIT, $KSS, $GD, $FDS, $HII

And near the bottom are: $BHP, $PHX.

Here is the chart of the more interesting ones from these filter results. Trade carefully, this is the end of the summer vacation and volumes are low.

HII_Aug28_2014 KSS_Aug28_2014 COL_Aug28_2014 NIE_Aug28_2014 MBT_Aug28_2014 ANAC_Aug28_2014 DAL_Aug28_2014 DPS_Aug28_2014

Plans for the next quarter

Chartly needs a new interactive tool. Something I’ve been putting off for too long. Now, since I started the 90 day writing challenge a.k.a. #90daywriting, I might as well start the new interactive charting tool as well.

One of the most popular pages here on chartly.com has nothing to do with technical analysis or investment per se but with the tiny open source code I wrote a long time ago which lets you add nice HTML5 candlestick charts using the canvas tag. This is a sign I need to pay attention to. People love free tools and especially programmers like free high quality open source no-strings-attached code they can use on their projects.

localhost-Candlestick.js-#

Chartly in a previous life had these chart tools and although they were written in an ancient language, PHP, they did quite well what they were meant to do, that is, allow the user to sift through some stock charts while adjusting some parameters and finding the ideal stock to trade at the moment.

The new tool will start small, I don’t want to overwhelm myself with feature requirements and having something functional in front of users is very motivating for me. The tool will have one main search box to enter the ticker and one large area with the resulting chart if the ticker is found in the database.

Of course I will add many features to it. I plan on using and learning as I develop and report back on my findings. The code as it is is a little messy, it is dependent on jQuery and relies on a data source similar to yahoo finance.

Warning: Check the license of the data source, Yahoo finance allows you to use its source for personal use only and not to build a complete web site around the data you get for free from them.

I haven’t decided yet on the framework. Maybe I will write several versions of the tool. They will all use HTML5 features like the canvas tag and some form of Ajax to communicate with a data source. Perhaps one will be a proper jQuery plug-in and the other will be based on Angular. I’m digging into Sailsjs and maybe I will switch to MEAN.io or MEAN.js – too many options, not good. I want to pick the best platform and not get stuck in a dead-end road where I invested time and effort learning a framework which will fade away and be abandoned.

Some people say it’s a bad idea to make a web app for SEO reasons but I believe it can complement a well organised wordpress blog and that’s what I hope to achieve here.

Soon after this is up and running I will report on the motivation boost I get from it. I can tell you now that completing my writing task for the day early on, before noon makes me feel better and more capable. I will definitely complete some of the long due TO DO items I have.

Daily stocks about to breakout August 27, 2014

Medium term filter with daily bars and a year of history shows these stocks today in an interesting position, they are near a breakout above the yearly range being in the top 5% of the price range.

These are: $ANAC and $IGD.

And the mirror image of those is the list of stocks that are near the lowest 5% of the yearly trading range, these are: $SBCF, $ECYT, $NCT.

And here are their charts,

NCT_Aug27_2014 ECYT_Aug27_2014 SBCF_Aug27_2014 IGD_Aug27_2014 ANAC_Aug27_2014

Short term Pre-Breakout stocks for August 26, 2014

Short term breakout candidates are stocks from the regular pool of high quality companies according to the Modified Magic Formula which have been filtered automatically according to the “Almost Up” and “Almost Down” price pattern on their 15 Minute charts. These charts are checked back in time 260 candles which are approximately 2 weeks.

The filter checks to see if the stock price is near the top 5% of the 2 week range and about to challenge it and might break up soon.

The mirror image is also considered and the “Almost Down” filter checks to see if the latest stock price is near the lowest 5% of the 2 week price range. If it does, it spits out the ticker for that stock.

So, here is the list of today’s stocks for Almost-Up: $IBB, $DAL, $MBT, $NIE, $BKE, $STX, $VOD, $ALK, $CHL, $CHY, $GMLP, $ARCC, $TTM, $ARII, $COL, $CHT, $AIT, $SNDK, $LULU, $KSS, $CNVR, $GD, $PH, $FDS, $AMGN, $MJN, $HII, $ACM, $EL, $GPN, $BAM, $AI, $AOS, $LAZ, $LUV

And for “Almost Down” we have just these two today: $BHP, $PHX

Soon I will automate this filtering and daily charts will appear here with the help of some server code and magic.

Here are some charts of the first 6 tickers.

VOD_Aug26_2014 STX_Aug26_2014 BKE_Aug26_2014 NIE_Aug26_2014 MBT_Aug26_2014 DAL_Aug26_2014