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.
[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
EMA(9,Daily Close)]
AND [Daily RSI(5,Daily Close) > 70]
AND [Daily EMA(9,Daily Close) > 30 days ago Daily
EMA(9,Daily Close)]
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) >
250]]
Posted by timebandit on 24th of Jun 2022 at 01:50 pm
$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
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SGEN Chart
Posted by timebandit on 25th of Jun 2022 at 02:13 pm
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.
SGEN Chart
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 EMA(9,Daily Close)]
AND [Daily RSI(5,Daily Close) > 70]
AND [Daily EMA(9,Daily Close) > 30 days ago Daily EMA(9,Daily Close)]
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) > 250]]
Crazy end of day divergence.
Posted by timebandit on 25th of Jun 2022 at 02:00 pm
Crazy end of day divergence. As the markets ramped into the close, $NYAD and $NAAD were declining just as steeply
$NAHL - will probably end
Posted by timebandit on 24th of Jun 2022 at 01:50 pm
$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
Posted by timebandit on 24th of Jun 2022 at 01:38 pm
$VVIX heading down to make a double bottom? Or maybe new lows? We'll see..
Sorry, fredsaid, turned out it's
Exited my SPY system long trades. Exited TQQQ and TWM ...
Posted by timebandit on 24th of Jun 2022 at 01:18 pm
Sorry, fredsaid, turned out it's not a short
JNK follow up - bought
JNK hourly - energy building
Posted by timebandit on 24th of Jun 2022 at 11:52 am
JNK follow up - bought some of this when it broke north out of the triangle this morning
SJM follow up - gapped
SJM - diamond jam hands?
Posted by timebandit on 24th of Jun 2022 at 11:47 am
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!
CCI bungie trades follow up
Posted by timebandit on 24th of Jun 2022 at 11:38 am
Wow, great resource. Many thanks!
Ha! speaking of CCI... CCI - ran
CCI bungie trades follow up
Posted by timebandit on 24th of Jun 2022 at 10:59 am
Ha! speaking of CCI...
CCI - ran out of gas today and tried a short earlier this morning, so far so good
MNST - hmmmm, Monster short round
Posted by timebandit on 24th of Jun 2022 at 10:33 am
MNST - hmmmm, Monster short round 2? We shall see...
Something that bears watching: the
Posted by timebandit on 24th of Jun 2022 at 09:28 am
Something that bears watching: the Fed's balance sheet has vbeen expanding since the last week of May (chart courtesy of @NorthmanTrader)
FNV - watching today, will it
Posted by timebandit on 24th of Jun 2022 at 09:17 am
FNV - watching today, will it bounce or fail?
GO short has not played
GO - revisiting this one. Gravestone doji today
Posted by timebandit on 23rd of Jun 2022 at 01:33 pm
GO short has not played out even with a drop in the markets, so I am out
This bounce in SPY broke
Posted by timebandit on 23rd of Jun 2022 at 01:29 pm
This bounce in SPY broke symmetry. SPY 2 minute snapshot below
JNK hourly - energy building
Posted by timebandit on 23rd of Jun 2022 at 12:01 pm
JNK hourly - energy building
I actually shorted this when
CAG - wasn't smart enough to buy this yesterday. Was hoping ...
Posted by timebandit on 23rd of Jun 2022 at 11:56 am
I actually shorted this when it came back under the 200
Wow, that's a beauty
SPX 1 Adjusted
Posted by timebandit on 23rd of Jun 2022 at 11:15 am
Wow, that's a beauty
CAG - wasn't smart enough to
Posted by timebandit on 23rd of Jun 2022 at 11:03 am
CAG - 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
10 year and TLT
Posted by timebandit on 23rd of Jun 2022 at 10:49 am
Great call! I'm in TLT and happy about it
DOCS - I believe this was
Posted by timebandit on 23rd of Jun 2022 at 10:39 am
DOCS - I believe this was a BPT pick a couple weeks ago? Anyway, bought some recently...