3309 Drysdale Ct
Edwardsville, IL 62025
I took the bungee scan Matt shared this week and reversed it to
cover stocks where CCI(14) spiked over +250 and with the other
parameters similarly reversed. One tweak is that I increased the
average daily volume to >500000, instead of >100000. I may
have screwed it up, but the text for it is below so you can
improve/correct it if you want.
I ran it and two issues came up, both biotechs: ABCL and SGEN. I
think SGEN looks really interesting: RSI is over 90, the ribbon is
really extended, and it had a hanging man doji on Friday.
Stormcloud Scan Text:
[type = stock] AND [country = US]
AND [Daily SMA(60,Daily Volume) > 500000]
AND [Daily SMA(60,Daily Close) > 5]
AND [Daily Close > Daily EMA(9,Daily Close) * 1.05]
AND [Daily EMA(9,Daily Close) > 20 days ago Daily
AND [Daily RSI(5,Daily Close) > 70]
AND [Daily EMA(9,Daily Close) > 30 days ago Daily
AND [Daily Close <= Daily Open * 1.01]
AND [Daily Close >= Daily Open * 0.985]
AND [Daily CCI(14) < Yesterday's Daily CCI(14)]
AND [Daily CCI(14) < 2 days ago Daily CCI(14)]
AND [[10 days ago Daily CCI(14) > 250]
OR [9 days ago Daily CCI(14) > 250]
OR [8 days ago Daily CCI(14) > 250]
OR [7 days ago Daily CCI(14) > 250]
OR [6 days ago Daily CCI(14) > 250]
OR [5 days ago Daily CCI(14) > 250]
OR [4 days ago Daily CCI(14) > 250]
OR [3 days ago Daily CCI(14) > 250]
OR [2 days ago Daily CCI(14) >
Crazy end of day divergence. As the markets ramped into the
close, $NYAD and $NAAD were declining just as steeply
$NAHL - will probably end being somewhere in or around the -50
to -70 range, If the rally extends into tomorrow, maybe it actually
gets close to zero. Hard to say...or actually, easier to say,
harder to play out the way it's said
$VVIX heading down to make a double bottom? Or maybe new lows?
Sorry, fredsaid, turned out it's not a short
JNK follow up - bought some of this when it broke north out of
the triangle this morning
SJM follow up - gapped up today then pulled back to retest 20
and 9 ema. Has been strong since then
Wow, great resource. Many thanks!
Ha! speaking of CCI...
- ran out of gas today and tried a short earlier this morning,
so far so good
- hmmmm, Monster short round 2? We shall see...
Something that bears watching: the Fed's balance sheet has vbeen
expanding since the last week of May (chart courtesy of
- watching today, will it bounce or fail?
GO short has not played out even with a drop in the markets, so
I am out
This bounce in SPY broke symmetry. SPY 2 minute snapshot
- energy building
I actually shorted this when it came back under the 200
Wow, that's a beauty
- wasn't smart enough to buy this yesterday. Was hoping it
would pull back from the 200, but so far no dice
Great call! I'm in TLT and happy about it
- I believe this was a BPT pick a couple weeks ago? Anyway,
bought some recently...
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