Mactheriverrat 3,156 posts msg #148768 - Ignore Mactheriverrat modified |
8/2/2019 10:10:43 PM
@karen
Great catch on the daily's with the guppy averages.
Tip my hat to you!
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roca1018 163 posts msg #148769 - Ignore roca1018 |
8/3/2019 4:48:14 PM
Hello,
I just started the highly regarded book and was curious about the analysis of JBLU. Any comments would be appreciated.
Thanks in advance,
Rich
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nibor100 1,042 posts msg #148773 - Ignore nibor100 |
8/3/2019 7:50:11 PM
According to this link from one of the websites previously posted
http://screener.nextbigtrade.com/#/symbol/jblu
JBLU is currently 8 weeks into Stage 2 about 5% above the 30 wk moving avg with a considerable overhang of prior resistance and just normal volume going on.
If you use Davesaint's filter posted on page 4 of this thread you'll find JBLU as one of the stocks it finds and looking at its chart you can see that the relative strength line is currently rising.
Ed S.
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graftonian 1,089 posts msg #148774 - Ignore graftonian |
8/3/2019 9:42:49 PM
Looking at the bigger picture: SPY is not far from falling below weekly WMA(30). Ditto for all of the sectors. I just don't think this is the time for a buy (following the Weinstein System).
JBLU: if it can make it above 19.70 and gain a little volume, it could be a candidate if the market were favorable. IMHO
(30)
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Mactheriverrat 3,156 posts msg #148776 - Ignore Mactheriverrat modified |
8/3/2019 10:34:35 PM
I added AU to davesaints filter (Nice filter davesaint)
AU is one of the continuation breakout setup
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Been messing with the below code . One can sort the column code and it will bring up all stock near the 3 week high.
draw high 3 week high
set{ratio1, close / high 3 week high }
and add column ratio1
draw ratio1 line at 1.00
draw ratio1 line at 0.90
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Mactheriverrat 3,156 posts msg #148777 - Ignore Mactheriverrat |
8/3/2019 10:46:59 PM
@graf
Look like another may 2019 repeat- Down 3 big days on the daily with big volume on dailys as Karen showed with her Guppy on daily - Make's me cautious .
SPY did make the weekly ema10 go down last week on the weekly. That also make's me cautious .
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Mactheriverrat 3,156 posts msg #148798 - Ignore Mactheriverrat |
8/5/2019 8:07:02 PM
Could be a very ugly August with this trade war thing. Basic Materials sector was pushed up by gold , mining stocks.
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Mactheriverrat 3,156 posts msg #148800 - Ignore Mactheriverrat modified |
8/5/2019 8:28:21 PM
Submit
Heck even KL got in on the flight to safety today.
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SFMc01 358 posts msg #148812 - Ignore SFMc01 |
8/6/2019 6:51:54 PM
graftonian: Your statement about SPY(8/3/2019 9:42:49 PM) made me curious and I ran a chart of SPY using WMA(30) and MA(150) ...because WMA(30) should equal 150 market days, I Thought...and MA(210)...in case WMA(30) equaled 210 calendar days .... and I got 3 different lines. Now I'm confused about which is correct and what was Stan Weinstein assuming. Or is Stockfetcher calculating WMA correctly. Or am I off base again?
Steve
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Mactheriverrat 3,156 posts msg #148813 - Ignore Mactheriverrat modified |
8/6/2019 9:01:17 PM
I don't know where all this MA 150 , MA 210 stuff came from on daily chart came from. Weinstein's book NEVER talked about MA150 or MA 210 on daily charts.
Weinstein's book was based on weekly chart's using the MA30 , EMA30 or from what the book says was Weighted Moving Average . I guess I need to post the page where Weinstein quotes - - PAGES 13 and 14 There is also another page that quotes Weinstein using 30 day Weighted Moving Average on Weekly charts.
Sorry but its what the books says !!!!!!!!!!!!!!!!!!!!!!!!!
Its less than a $14 dollar book. Its plain and simple.
I read on another stock forum one time years ago that you can post a simple filter with a simple strategy . In given time that simple filter with a simple strategy will have turned into a very complexed filter and strategy that involves 27 indicators & 34 oscillators depending if the Sunrise is bright or if its cloudy when the Sunrise comes up in the morning.
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