Stocks To Keep A Close Eye On

[bunny]

Bunny,
Will you pl. check the code, commentry only for further addition if you find something that you can add. Waiting for more charts from you on the subject. Dont forget the promise of printing a book !

Regards,

CNB

Sure, will check and revert soon.

BTW, I will just be sharing that PDF file with charts.

 

[praveen taneja]

Got an interesting article in mail posting for all of u can b of some use to any of u:thumb:
Why Stocks Could Push Higher
Posted by: Ben Levisohn on August 20

Can the Standard & Poors 500 go higher? The Aug. 17 selloff, which saw the S&P 500 drop 2%, prompted hand-wringing about an imminent market collapse. And even S&P 500 recovers some of the losses (its up 2.5% since and is now back over 1,000 at this writing), investors remain focused on when stocks will finally correct. BusinessWeeks Ben Steverman supplied five indicators to watch for signs of a market reversal. As my colleague Aaron Pressman wrote on Aug. 6, Even as the stock market continues to push higher, investors remain doubtful.

Its not hard to see why. Much of the economic news seems grim. Unemployment continues to rise. Consumers are hoarding cash and are unlikely to return to their spendthrift ways. Oil is back over $70 and some economists worry it could derail a fragile recovery. And although earnings and revenues surprised to the upside this quarter, both are down over 30% from last year. No wonder investors are questioning how the market can go any higher.

But dont be shocked if it does. Bloomberg collected estimates from eight strategists and only one, Barclays Barry Knapp, predicted a 2009 yearend close below 1,000 (Knapps prediction: 930), while JPMorgan strategist Thomas Lee predicts the S&P 500 will finish 2009 at 1,100. The average was 1,034. Linda Duessel, an equity market strategist at Federated Investors who was not included in Bloombergs roundup, says she wouldnt be surprised if the S&P closed around 1,200 by the end of the year.

Perhaps thats just a sign of experts being overly optimistic. A recent Merrill Lynch study found that 75% of money managers were optimistic about the markets prospects, which DailyFinances Tim Catts seizes on as a sign of an impending selloff. Maybe its smart to grow cautious when the rest of the crowd turns strongly bullish (or bearish, for that matter). But in my former life as a trader, I learned that there is no should when it comes to how the stock market behaves. Bad news can just as easily spur a round of buying, and good news can precipitate a selloff. Markets rarely perform to a set of preconceived notions.

Keep that in mind the next time someone tells you what the market should be doing.

Bonus Question: Is the S&P 500 more likely to finish 2009 at 800 or 1200?

 

[cnbondre]

Dear Savantji,

I Understood your points. But they created more queries. Hope you dont mind answering them.

b) What is this confimation move after the crossover? is it closing price more than crossover bar close price?

By this is it not that you are entering after crossover bar day (1st) & confirmation bar day (2nd). i.e 3rd day?

c) How do you decide these 'good uptrending' & 'normal uptrending'? is it by points or by general short trend?

d) How did you select these 280 odd stocks? Price (above 10 Rs) & Volume? or anything else.

Regards
Chachi

Savant Sir,

Even I am also curious to understand the same point.
I have noticed that your trigger points are declared after 48 Hours on T.V. channels or recommended by T.A. analysts! How you discover the potential stock in advance of 48 hrs ? You have amazing capacity to look into the stock's future movement.

Regards,

CNB

 

[kenneth]

Hi CNB

Commentary will be displayed in the interpretation window.
I have added the trend columns in the exploration. You may add if you want.

AddTextColumn(WriteIf(tls>0,"UP","Down"),"ST-Trend",1,colorDefault,color);
AddTextColumn(WriteIf(tlm>0,"UP","Down"),"MT-Trend",1,colorDefault,color);
AddTextColumn(WriteIf(tll>0,"Up","Down"),"LT-Trend",1,colorDefault,color);

Regards
Ken

 

[lazytrader]

Got an interesting article in mail posting for all of u can b of some use to any of u:thumb:
Why Stocks Could Push Higher
Posted by: Ben Levisohn on August 20

Can the Standard & Poors 500 go higher? The Aug. 17 selloff, which saw the S&P 500 drop 2%, prompted hand-wringing about an imminent market collapse. And even S&P 500 recovers some of the losses (its up 2.5% since and is now back over 1,000 at this writing), investors remain focused on when stocks will finally correct. BusinessWeeks Ben Steverman supplied five indicators to watch for signs of a market reversal. As my colleague Aaron Pressman wrote on Aug. 6, Even as the stock market continues to push higher, investors remain doubtful.

Its not hard to see why. Much of the economic news seems grim. Unemployment continues to rise. Consumers are hoarding cash and are unlikely to return to their spendthrift ways. Oil is back over $70 and some economists worry it could derail a fragile recovery. And although earnings and revenues surprised to the upside this quarter, both are down over 30% from last year. No wonder investors are questioning how the market can go any higher.

But dont be shocked if it does. Bloomberg collected estimates from eight strategists and only one, Barclays Barry Knapp, predicted a 2009 yearend close below 1,000 (Knapps prediction: 930), while JPMorgan strategist Thomas Lee predicts the S&P 500 will finish 2009 at 1,100. The average was 1,034. Linda Duessel, an equity market strategist at Federated Investors who was not included in Bloombergs roundup, says she wouldnt be surprised if the S&P closed around 1,200 by the end of the year.

Perhaps thats just a sign of experts being overly optimistic. A recent Merrill Lynch study found that 75% of money managers were optimistic about the markets prospects, which DailyFinances Tim Catts seizes on as a sign of an impending selloff. Maybe its smart to grow cautious when the rest of the crowd turns strongly bullish (or bearish, for that matter). But in my former life as a trader, I learned that there is no should when it comes to how the stock market behaves. Bad news can just as easily spur a round of buying, and good news can precipitate a selloff. Markets rarely perform to a set of preconceived notions.

Keep that in mind the next time someone tells you what the market should be doing.

Bonus Question: Is the S&P 500 more likely to finish 2009 at 800 or 1200?

It is said that - "The markets can remain irrational longer than one can remain sane". Explanation provided is that when before the 2008 crash many experts analysts/traders saw that the vertical upmove couldn't be sustained by the dow and shorted it only to have taken out all their stop and move up further untill they were forced to reverse their position to longs only into the crash.

Don't know where I read it but I will keep this in mind for the rest of my trading life - you can't go wrong being on the right side of the market.

 

[lazytrader]

-----------------------------------------------------------------------------
Savantji, perhaps a good time to buy GOLDBEES?

It has seemed to have completed the continuation pattern and starting moving up. Do you see upside over 1500 in the medium-long term???

Can also please tell me what is wrong with ALCHEMIST and MATRIXLABS?
Their prices are not moving. If you see the chart you would know what I am talking about. I am not invested in these, just curious.

Regards.

 

[cnbondre]

Hi CNB

Commentary will be displayed in the interpretation window.
I have added the trend columns in the exploration. You may add if you want.

AddTextColumn(WriteIf(tls>0,"UP","Down"),"ST-Trend",1,colorDefault,color);
AddTextColumn(WriteIf(tlm>0,"UP","Down"),"MT-Trend",1,colorDefault,color);
AddTextColumn(WriteIf(tll>0,"Up","Down"),"LT-Trend",1,colorDefault,color);

Regards
Ken

Hi,

kenneth,

Thanks for your in-put.

I am getting different commentary and from there all it started ! Hence instead of asking too many question decided to post the code if any rectification is required. I am not getting any commentry for GVKPIL or CHAMBALFERT. Getting different commentary for AXISBANK, etc.

So a humble request to feed the afl in your system and suggest changes if any.

Thanks for cooperation,

Regards,

CNB

 

[bunny]

-----------------------------------------------------------------------------
Savantji, perhaps a good time to buy GOLDBEES?

It has seemed to have completed the continuation pattern and starting moving up. Do you see upside over 1500 in the medium-long term???

Can also please tell me what is wrong with ALCHEMIST and MATRIXLABS?
Their prices are not moving. If you see the chart you would know what I am talking about. I am not invested in these, just curious.

Regards.

Hi LT,
One would require the volume to confirm that chart pattern. So if you post the chart with volume bars...!

 

[SavantGarde]

Hi CNB,

Onlyyyyy 48 Before.....Hehehehe....

I Have Been Barking Like A Rabid Dog....That I Can See Improvement Already In Data & World Economy Will....Improve Towards The 2nd Half Of This Year....& Our Markets Will Go Up Beyond Most Peoples Expectation.....How Many Months Has It Been Since I Voiced It......

Irony....Is That So Called Famous Analysts Have Only Now Started Slight Whisper Of Bullishness..... Where Were They & Why Couldn't They Say It Earlier That U.S. Markets Will Go Up By 25%+

There Is Tons Of Stuff To Be Read In The Unspoken World....

Anyways, Enjoy This Ride Up Of The Markets

Happy & Safer Investing

SavantGarde

Savant Sir,

Even I am also curious to understand the same point.
I have noticed that your trigger points are declared after 48 Hours on T.V. channels or recommended by T.A. analysts! How you discover the potential stock in advance of 48 hrs ? You have amazing capacity to look into the stock's future movement.

Regards,

CNB

 

[kenneth]

Hi,

kenneth,

Thanks for your in-put.

I am getting different commentary and from there all it started ! Hence instead of asking too many question decided to post the code if any rectification is required. I am not getting any commentry for GVKPIL or CHAMBALFERT. Getting different commentary for AXISBANK, etc.

So a humble request to feed the afl in your system and suggest changes if any.

Thanks for cooperation,

Regards,

CNB

Hi CNB

AFL is the Same . Just check if you are on the last Bar. Click on or beyond the last bar

Regards
Ken