StockFetcher Forums · Filter Exchange · Bearish filter: Beat down and continue dropping<< 1 2 >>Post Follow-up
xarlor
249 posts
msg #151088
Ignore xarlor
3/5/2020 10:16:40 PM

Since we're all waiting for this correction to stabilize, here is a filter for bearish stocks. I usually play these with bearish options strategies, but no reason you couldn't short either.

Fetcher[
market not etf
optionable
close > 10
average volume(30) > 500000
close < wma(200) for last 100 days
100-day slope of close < 0

Relative Strength(^SPX,150) < 1.0
30-day slope of Relative Strength(^SPX,150) < 0

set{HiCl4,high 4-week high - close}
set{HiCl6,high 6-week high - close}
add column HiCl4
add column HiCl6
]



klynn55
638 posts
msg #151089
Ignore klynn55
3/6/2020 2:01:18 AM

I love the filter, im feeling lazy though -could you explain the logic behind it ? thanks

svtsnakebitn
47 posts
msg #151090
Ignore svtsnakebitn
3/6/2020 7:32:03 AM

Also - how far out do you go with you option strikes?

xarlor
249 posts
msg #151094
Ignore xarlor
3/6/2020 8:38:52 AM

@klynn55:
Close under the wma(200) for 100 days signals a strong bearish trend.
The slope tells us it is not recovering, either.
Relative strength compares the stock to the SPY. We're looking for the stock to be underperforming SPY for last 150 days.
The slope of Relative Strength confirms the last 30 days are still underperforming SPY and show no signs of recovering.
The HiCl4 and HiCl6 gives me resistance areas, which are good for selecting strike prices on options.

@svtsnakebitn:
It depends on what the IV is and what strategy I'm using.
Credit spreads usually 30-45 DTE.
Debit spreads 60-90 DTE.
Calendars 20-45 DTE for front month.
Long puts 60+ DTE.

Cheese
642 posts
msg #151097
Ignore Cheese
3/6/2020 10:45:06 AM

xarlor 3/5/2020 10:16:40 PM
Since we're all waiting for this correction to stabilize, here is a filter for bearish stocks. I usually play these with bearish options strategies, but no reason you couldn't short either.
==================================================================================

For peeps who only long stocks, which signals would tell you that this correction has stabilized?
Thanks

xarlor
249 posts
msg #151098
Ignore xarlor
3/6/2020 11:30:54 AM

Here is my Market Health filter:

Fetcher[
symlist(FB,NFLX,AMZN,AAPL,GOOG,SPY)
chart-time is 4 months

draw wma(150)
set{var1,high 4-month high}
set{4MH,count(high > var1 1 day ago,84)}
add column 4MH
add column var1 {4-month high}
draw high 4-month high

set{var2,low 4-month low}
set{4ML,count(low < var2 1 day ago,84)}
add column 4ML
add column var2 {4-month low}
draw low 4-month low
]



For me, SPY and at least 3 of the other tickers need to be trading above their wma(150). Right now, only NFLX is.

Also, recent 4-month lows indicate we are still early on in the correction.

When do we go from correction to bearish market? When 4-month lows exceed 4-month highs.



Cheese
642 posts
msg #151099
Ignore Cheese
3/6/2020 11:32:20 AM

Thank you, xarlor

klynn55
638 posts
msg #151100
Ignore klynn55
3/6/2020 12:48:31 PM

if you sit down and think about this virus esp cause one patient caused the confinement of 128 health care workers, do the math were in trouble, I worked in nursing homes , very difficult to find replacements for people who wipe rear ends or work in a laundry that reeks of … humanity. get yourself a good bottle
and a steak , enjoy ! so my guess is the bigs will let it go, seniors with weakness will be no more.

nibor100
474 posts
msg #151102
Ignore nibor100
3/6/2020 1:07:10 PM

Its been 10 days for the self quarantine for those 120+ California health care workers, any update on how many of them have gotten sick? Only 4 days to go before they go back to work....
Thanks,
Ed S.

Cheese
642 posts
msg #151103
Ignore Cheese
3/6/2020 2:02:34 PM

Ed S,

I could not find any update about that specific case. You may want to sign up for the text alert below.
Thoughts and prayers for a speedy recovery to all affected.

https://www.sfgate.com/news/bayarea/article/San-Francisco-Launches-Covid-19-Text-Message-15110512.php

San Francisco launches COVID-19 text message alert system

Bay City News Service Published 6:52 am PST, Friday, March 6, 2020
SAN FRANCISCO (BCN)

The San Francisco Department of Emergency Management and the Department of Public Health on Friday announced the launch of a new COVID-19 public information system text message alert system.

The system will allow city officials to send real-time information to the public concerning the novel coronavirus in San Francisco.

Beginning Friday, the public can sign up to receive the text messages by texting COVID19SF to the shortcode: 888-777.

Officials said the system, which is being administered through the citywide alerting system AlertSF, will let public health and safety officials issue information and instructions about the novel coronavirus and will also be used to communicate the potential cancellation of major events and public facility closures.

StockFetcher Forums · Filter Exchange · Bearish filter: Beat down and continue dropping<< 1 2 >>Post Follow-up

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