May 23, 2013 | Uncategorized
AIQ TradingExpert Pro’s Market Log provides traders with a daily snapshot of market conditions and how the market segments are performing. I’ll explain some of the elements here;
Days since the first Expert Rating to the up or down side – currently 20 days into an up rating of 100 – 0. The current rating is 33 – 33 and only ratings of 95 – 0 or 0 – 95 are significant.
Group Score is trending up vs trending down groups in S & P 500 – currently 93 % up.
WAL 13 – 87 and US 31 – 69 are a percentage measure of any stocks in the S & P 500 receiving expert ratings to the upside vs downside. Definitely more down than up ratings.
Market Plot measures the bullish and bearish readings of a basket of indicators for the Dow 30 Index.
Access Plot measures the bullish and bearish readings of a basket of indicators for each of the S & P 500 stocks. It’s the average reading for all 500 stocks for each indicator. This area I highlighted for it’s bearish technical look.
The Dow 30 Index is technically more bullish than the S & P 500 stocks. Next day Wednesday May 22nd, 2013 the Dow fell 80 some points, but the S & P 500 Index fell nearly 14 points. The market Log for 5/22/2013 shows the continued technical weakness in the stocks but less so in the Dow 30 Index.
May 7, 2013 | Uncategorized
May 7, 2013 | Uncategorized
Apr 23, 2013 | Uncategorized
by Hank Swiencinski, AIQ TradingExpert Pro client for over 20 years, founder of ‘The Professor’s One Minute Guide to Stock Management’. DON’T MISS OUT, AIQ and The Professor are coming to New York…. LEARN MORE
“With the Dow up over 130 points, The Professor proves to be yet another valuable tool for short-term traders. Two days ago The Professor had 55 new longs, confirming the two VIX Buy Signals. Then last night, he maintained his positive bias with 21 new longs and only 3 shorts. So today, we’re up 130 points. Pretty cool, huh?”
“Anyhow I thought I would remind you that odds are that we’re still in a triangle, and the top should be near the 14,800+ level. We’re at 14, 706 as I write this. In other words, IF you took advantage of the DDM trade I mentioned yesterday, you might want to manage your money as we start to approach these higher levels. I’m starting to take profits NOW! Remember, no stock, no matter how good, goes to heaven. And this applies even more so when we’re in a triangle.”
“The 11:00am run of The Professor shows that the number of new longs has increased to 30. This tells me that we should see the Dow trading close to the 14, 800+ level before the next leg down starts to develop. In other words, I expect more upside in the next few days, but to get there, we should expect some very choppy trading. Because of this, I’m gonna take a few bucks off the table, and leave some on to see if we can approach 14,800 as this leg completes.”
“Managing my money,
TWID,
h “ |
| All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be considered as trading advice. Trading any financial instrument is RISKY and may result in loss of capital including loss of principal. Past performance is not indicative of future results. Always understand the RISK before you trade. |
Apr 20, 2013 | Uncategorized
The AIQ code for finding head & shoulders (H&S) patterns based on Giorgos Siligardos’ article in the May issue of Stocks & Commodities, “Head & Shoulders, Algorithmically (Part 2),” is provided at the following website: www.TradersEdgeSystems.com/traderstips.htm.
I did not directly translate the code given in Siligardos’ article into AIQ EDS code because the AIQ program has chart pattern recognition built in. The code I am providing will find H&S patterns — as well as many other patterns — for either completed or emerging patterns.
In Figure 5, I show an example of a completed H&S topping pattern with the sell signal (red down arrow). The bars after the signal indicate that this trade was immediately profitable. In Figure 2, I show an example of a completed inverse H&S bottoming pattern with a buy signal (red up arrow). The bars after the signal indicate that this trade was immediately profitable.
FIGURE 5: AIQ, H&S TOPPING PATTERN. Here’s an example of H&S topping pattern recognition with a sell signal (red down arrow) on iShares NASDAQ Biotechnology (IBB).
FIGURE 6: AIQ, H&S BOTTOMING PATTERN. Here’s an example of inverse H&S bottoming pattern recognition with a buy signal (red up arrow) on Alcoa (AA).
The code and EDS file can be downloaded from www.TradersEdgeSystems.com/traderstips.htm, and is shown below.
!DETECTING HEAD & SHOULDERS ALGORITHMICALLY
!Author: Giorgos E. Siligardos TASC May 2013
!Coded by: Richard Denning 3/17/2013
!USER DEFINED FUNCTIONS:
C is [close].
Name is description().
!COMPLETED HEAD & SHOULDERS PATTERN-TOPPING:
HS is [Head and Shoulders].
HS_breakoutup if HS > 0.
HS_breakoutdn if HS < 0.
!COMPLETED HEAD & SHOULDERS PATTERN-INVERTED:
iHS is [Inv Head and Shoulders].
iHS_breakoutup if iHS > 0.
iHS_breakoutdn if iHS < 0.
!EMERGING HEAD & SHOULDERS PATTERN-TOPPING:
e_HS is [eHead and Shoulders].
e_HSemerge if e_HS > 0 or e_HS < 0.
!EMERGING HEAD & SHOULDERS PATTERN-INVERTED:
e_iHS is [eInv Head and Shoulders].
e_iHSemerge if e_iHS > 0 or e_iHS < 0.
!REPORTS TO LIST ALL HEAD & SHOULDERS PATTERS:
ShowAll if C>0 and (HS <> 0 or iHS <> 0
or e_HS <> 0 or e_iHS <>0).
Apr 19, 2013 | Uncategorized
For the last few years, traders and investors in Jacksonville, Florida have had legendary trader and AIQ TradingEpert Pro client, Hank Swiencinski all to themselves. No longer.
The Professor, as he is known by his clients, will be joining Steve Hill in New York to present “The Professor’s One Minute Guide to Stock Management” in person in one action packed 4 hour seminar.
This remarkable course is usually taught in four sessions of 2 hours, and only recently been available outside the walls of the University of Northern Florida in Jacksonville, FL.
Apr 16, 2013 | Uncategorized
MACD divergence is a tried and tested technical tool. If you look at the daily price chart of Verizon below, you can clearly see the recent high on 4-12-2013. Note the MACD is well below the indicator peak back in the middle of March.
Looking at the hourly real-time chart of Verizon at the close on 4-15-2013, the same MCAD divergence characteristics are apparent.
Another report that aligns nicely with this divergence is Seasonality – 5 day. Here’s a list of tickers that have exhibited down moves for this week in April for each of the last 7 years. Verizon is highlighted.
Apr 16, 2013 | Uncategorized
MACD divergence is a tried and tested technical tool. If you look at the daily price chart of Verizon below, you can clearly see the recent high on 4-12-2013. Note the MACD is well below the indicator peak back in the middle of March.
Looking at the hourly real-time chart of Verizon at the close on 4-15-2013, the same MCAD divergence characteristics are apparent.
Another report that aligns nicely with this divergence is Seasonality – 5 day. Here’s a list of tickers that have exhibited down moves for this week in April for each of the last 7 years. Verizon is highlighted.
Apr 4, 2013 | Uncategorized
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by Hank Swiencinski, AIQ TradingExpert Pro client for over 20 years, founder of ‘The Professor’s One Minute Guide to Stock Management’
AIQ extends its congratulations to Hank for presenting a really excellent seminar on Saturday March 9, 2013. if you attended and have some additional feedback please e-mail Steve Hill
The markets appear to be marking time, waiting for tomorrow’s jobs report.
I started buying shares of DXD when the Dow popped this early morning. Given that I believe the top of wave ‘a’ is somewhere near the 14,650 level, I believe the risk-reward is favorable for shorts at or near these levels.
Here’s the deal: If tomorrow’s jobs report turns out to be poor, it could trigger an impulse wave in wave ‘b’ down. On the other hand, If the jobs report turns out to be positive, I believe the pop will just give me another opportunity to add to my shorts. That’s what I mean by a favorable risk-reward ratio.
Right now there is no trend going on. The Dean is still positive, and Emeritus is still silent. The Professor is mixed with an equal number of Buys as Shorts (4). It’s starting to look like today’s retracement is part of a wave 2 in the ‘b’ wave.
I don’t expect my algorithms to become active until the DIA starts to trade below 145.
So for the rest of the day, I plan to continue to look for and accumulate a few short positions. I’m NOT getting aggressive yet. I’ll only do that when the DMI on the Dow turns negative. However, because I believe the upside potential is limited now that we have reached my targets, I will start holding my short positions overnight.
I’m now long DXD and short ORCL.
TWID,
h
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All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be considered as trading advice. Trading any financial instrument is RISKY and may result in loss of capital including loss of principal. Past performance is not indicative of future results. Always understand the RISK before you trade.
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Mar 14, 2013 | Uncategorized
The AIQ code based on Ron McEwan’s article in the March issue of Stocks & Commodities, “Low-Frequency Trading,” is provided at the following website: www.TradersEdgeSystems.com/traderstips.htm.
The cumulative indicators on the advances and declines for the NYSE are provided in the first section of code that follows. However, I have never liked cumulative indicators because results can vary depending on where the accumulation is started. I do not recommend using the first code set below that replicates the author’s indicator because it runs so slowly that you will think your computer is frozen. Thus, I coded an alternative that uses the built-in advance-decline (A/D) line and then takes a moving average of the built-in A/D line. This version runs quickly and probably gives similar results.
I did not test the first coded version. I tested my second code set as a timing system on the S&P 500 ETF (SPY) from 1981 to 2/12/2013 (Figure 7). As with most timing systems, the risk was reduced based on a lower sigma than that of the markets and the return was also less than just buying and holding the SPY for the test period.
FIGURE 7: AIQ. Here is a sample equity curve for the alternative system trading the SPY from 1/5/1981 to 2/12/2013 compared to the S&P 500 (SPX).
The code and EDS file can be downloaded from
www.TradersEdgeSystems.com/traderstips.htm.
The code is also shown below.
!LOW-FREQUENCY TRADING !Author: Ron McEwan, TASC April 2013 !Coded by: Richard Denning !www.TradersEdgeSystems.com !INPUT: advMAlen is 252. !ABBREVIATIONS: C is [close]. OSD is offSetToDate(month(),day(),year()). !AUTHORS INDICATOR AND SYSTEM (processes very slowly-see alternate below): DaysToStart is min(advMAlen,scanany(month()=02 and day()=05
and year()=1980,252*50) then OSD). NYadv is TickerUDF(“DJIA”,[Adv Issues]). NYdec is TickerUDF(“DJIA”,[Dec Issues]). ADVpctTot is (NYadv-NYdec) / (NYadv+NYdec) * 1000. ADVcumPct is sum(ADVpctTot,^DaysToStart). ADVcumPctMA is simpleavg(ADVcumPct,252). HD if hasdatafor(advMAlen +10) > advMAlen. Buy if ADVcumPct > ADVcumPctMA and HD. Sell if ADVcumPct < ADVcumPctMA. !ALTERNATE TO ABOVE (due to processing speed recommend that this one is used): ADline is tickerUDF(“DJIA”,[AD Line]). ADlineMA is simpleavg(ADline,252). BuyAlt if ADline > ADlineMA and HD. SellAlt if ADline < ADlineMA.
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