Here's a Hoot of a Chart

[physician]

Quill, thanks for these settings. I just set up a free account at FinViz. The first thing I did was setup my first screen trying to emulate CANSLIM. In the past when I saw these parameters for a screen that you shared, it was like a foreign language.

Lisa,
The mechanical investing board has one member that for years has run a lot of screens and posted them there. I will go through every stock on that excel spreadsheet looking for a buy. I don’t know if you already saw that thread. Also, the barchart 100 is another place to screen…doc

SI Pro Rankings 2023-05-05 - Investing Strategies / Mechanical Investing - Motley Fool Community

[buynholdisdead]

@Quillnpenn

Very simple YOU BUY Out of the Gate per the rules. Ignore all the RED and GREEN bars until the FINISH LINE per the rules. PERIOD ! ! ! Basically your’re going from point A to Point B. When I look at a chart, I place the mouse on the bottom label and then smile when placing the mouse at the top label Ca-ching , Ca ching.

Thanks Quill, I get all my stocks from the Motley Fool or IBD. Every monday I add the new IBD stocks of the 50 and 20 list and check them every night after market closed. I was going to buy ZS today but they came out with that report and it shot up so fast I decided to wait. But I did pick up Net today.

Andy

[Inspired2learn]

Thanks Quill…I havent started doing much yet, but will likely start it soon. I am so very tempted to sell everything and start afresh…I say that every night before going to bed, and yet…am not able to sell when I see the degree of loss…But it has been going for too long…So, will likely come out of at least those which havent lost much yet…

@Quillnpenn

We are going to have a mild recession and you guys should have a least a 6 pack of Tetter Totters on standby ready to go to help protect your ASSets.

Can you explain that please - Which 6 pack of tetter totters would u have on stand by?

And more importantly, how do you use them.

I am guessing here - for example, may be you mean TQQQ and SQQQ is a pair? And you would watch for the signal…

In this case, would you buy TQQQ on May 14th…and sell it on May 3rd…And buy the SQQQ on May 3rd?

Am I right or do you mean something else when you say tetter totters?

[Inspired2learn]

Andy,

Do you subscribe to IBD? How do you see its utility so far?

And when u say u look at the IBD 50 and 20 for the week every Monday, do those guys change this every week…If so, how do you decide which to buy…and more importantly which and when to sell…

Or perhaps you are using the IBD for the stock ideas…and then vet it based on Simon sez rules etc? and only buy those which are out of the gate.

Having said that, Isnt the IBD folks more on stocks that are typically already in high levels, since they tend to go for those in uptrend (above 50 day MA, 200 day etc…)and regardless of the fundamentals, they prefer to cut the moment it hits 8% loss…

The reason I ask how you are trading is to get a better understanding - I think the number one thing I need to develop is a clear plan…And knowing the entry and exit before placing a trade is what I want to be clear about…

Thanks again,
Charlie

[buynholdisdead]

@Inspired2learn

Do you subscribe to IBD? How do you see its utility so far?

Well Charlie that is a funny story. I used to subscribe to them but they kept delivering the paper to my neighbor down the street. Told them and told them until finally I stopped taking it.

How I get it now is every Monday I go to my library and read it and take pictures of the stock pages.

@Inspired2learn

And when u say u look at the IBD 50 and 20 for the week every Monday, do those guys change this every week…If so, how do you decide which to buy…and more importantly which and when to sell…

Yes they change but not very fast, because the same stocks stay on for quite awhile.

@Inspired2learn

Or perhaps you are using the IBD for the stock ideas…and then vet it based on Simon sez rules etc? and only buy those which are out of the gate.

That’s it Charlie just for an idea and I run them through Simon. I am not following IBD rules I just want to find some ideas I can vet. Usually the stocks I find there are growing fast and that I like.

Andy

[Quillnpenn]

Inspired,

The Teeter Totter Principle is all about using a “Seesaw” to balance your Nest Egg’s cash and investments.

The pair you chose is a good example of a Tetter Totter. As you will see, when one stock of a pair goes down, the other or inverse stock goes up just like a Seesaw in a park does where kids play on. Or stick your arms out to your sides and raise one arm up and the other in a straight line down. Looks silly. :o))

With candle stix you must view on a 1 or a 2-month chart and start from there remembering at first you have to at least have 2 Arcs. Might have to jamb the chart to the left if there is difficulty seeing the Arcs in the middle of the monitor. Make adjustments to where you are comfortable when viewing the chart.

My preference is to use Stockcharts for years because of their simplicity to view. Stockcharts and Barchart are tax deductible. On my 1040 tax form, my occupation is listed as an INVESTOR entitling me to tax deductions eg. computers, printers, WSJ, Barrons, and any related material towards investing. You will have to consult with your TAX CPA for more details. Just keep good business records. Investing is a Business and you must be treated as such.

re: SQQQ / TQQQ compounding the profit and principal at every trade.

Review the following dates on your favourite chart.

Sold sqqq on March 14th
bought tqqq on March 14th

Sold tqqq on April 5th
Bought sqqq on April 5th

Sold sqqq on April 26th
Bought tqqq on April 26th

Sold tqqq on May 2nd
Bought sqqq on May 2nd

Sold sqqq on May 5th
Bought tqqq on May 5th

= = = = = = = = = =
A list of the Tetter Totters is provided below

https://discussion.fool.com/t/tyme-has-come-today-in-beating-the-market/58989

https://www.direxion.com/etfs?filter=singlestock_bear1x_bullbear2x_bullbear3x lots of Pairs to choose.

= = = = = = = = = = = =

The 6 pack of Tetter Totters I currently own are:

SPXS /SPXL since 2006 -2014 and 2014 - 2022 and now 2022 to present earning a substantial amount of money.

QQQ / PSQ

DXD / DDM

SSO / SDS

FAS / FAZ

QID / QLD

= = = = = = = = ==

[Inspired2learn]

Thanks a lot Quill and Andy!

Charlie

[physician]

I would add UCO and SCO to this list of teeter totter funds. I just copied this from Seeking Alpha. Avi Gilburt is excellent…doc

Avi Gilburt:` Well, I tracked (USO) for my other – some of my other staffs tracked WTI and the futures on CL and so on and so forth. But I’ve been tracking for a lot of our clients, the ETF USO. And USO has been involved in a sizable, a very long pullback. And my expectation is, I think we can potentially see a lower low in the coming months potentially sometime maybe into the summer months.

And then I’m expecting a nice rally where we could probably see oil double off the low or come close to double off the low that we complete later in the summer, I believe. And by the way, we see the same in oil equities. We’re seeing some downside that we’ve been expecting for some time. We’re expecting oil equities to outperform most everything else as well.

[Quillnpenn]

charlie & andy

For the time being GOLD is where people are running to. So UGL / GLL best choice instead of the stock GOLD and GLD or GDX which is heavily touted.

Now, I am going to show you the SPXL / SPXS combo. Observe how simple it is to read the chart that 9th graders love to trade with. For exercise you can back check at your leisure all the back to 2006 when the pair changed it’s name to the present. Simon can make you Healthy, Wealthy and Wise.

Something to ponder.

Notice the above charts are like the little ATM machine that could in spitting out money. Some people will come out and declare that the stocks are losing money via analytical software that can be manipulated my man. The ATM machine says otherwise. Ca-Ching, Ca-Ching.

Show me the losses via the time stamps.

Now, how fast can you read the chart, evaluate, BUY or SELL and move on. What about 15 seconds per chart.
Make sure you have enough cash in the Withdrawal bucket so as not to violate the T-2 SEC rule.

Today, I am going back to my Seasonality project which can be very complicated and consumes a lot of my tyme. My 2.5% theory project is keeping me busy today.

Have fun and see ya guys around the campus.
Quill -

[Quillnpenn]

Forgot, you can single or double click on the chart for a larger view that makes it easier to read.
Quill -

[LisaM]

Quill, thanks for sharing ways that you find potential stocks to trade! I did sell LULU yesterday.

[LisaM]

Thanks, Doc. I had not noticed the Mechanical Investing board. Looks like lots of good ideas to evaluate! I started watching UCO.

[buynholdisdead]

Can anyone tell me on the Stockcharts when those price labels post? Do they post the day of or is it a look back where they post a couple days after?

Andy

[physician]

Lisa
XLE may have gone to a sell signal today if my chart was set up correctly. Profit was minimal. UCO is up around $1.50 over the same time period. One could have bought 3 times the number of shares for what one share of XLE costs. Profit at this point would be around $4.50 vs less than 15 cents I believe. UCO might be a stronger play in the future…doc

[physician]

I heard a commentary today that the banks are in worse shape today than they were during the banking crisis of late 2007 that led to the market collapse in 2008. Has any one seen any news thats printed sharing that opinion? One has to wonder now that the press is allegedly controlled…doc

[LisaM]

Andy,
I can tell you that the Stockcharts price label is never on the current day. The placement of it depends on both the action before and after, so there has to be at least a partial day ahead of it.

[LisaM]

Doc, were you looking at barchart or stockcharts for XLE? I thought I saw a sell signal for it on stockcharts this morning, but it was starting to turn back up, so I waited and it got high enough that the price label fell off. I think it was this one. It happened to one of mine today. So I’m hanging in there. Barchart also does not look like a sell on XLE to me. UCO does seem like a better deal right now.

[physician]

I was looking at it on barcharts. This is what I saw…doc

[LisaM]

Doc,
I see. Yes, when you push it all the way over it does produce that arc. I think XLE was a judgement call today. I am still transitioning from buynhold to short-term. Still tending to want to hang on and see unless there are extreme movements. I may regret it tomorrow! Here’s what it looks like in stockcharts right now:

As I am still evaluating methods, I often look at both Barcharts and Stockcharts. The arcs that barchart places are finite highest high and lowest low for the period shown on the chart. Stockcharts puts price labels on “significant” highs and lows within the period shown. I am still working to figure out exactly how “significant” is defined.

[physician]

Oil falls on surprise increase to U.S. inventories

n a possible sign of weakening demand, U.S. crude inventories rose by about 3.6 million barrels in the week ended May 5 while gasoline stockpiles rose by 399,000 barrels, the American Petroleum Institute was reported as saying by market sources on Tuesday.

The data defied expectations from eight analysts polled by Reuters for a drawdown of 900,000 barrels of crude and a 1.2 million barrel drop in gasoline stocks. U.S. government data on oil inventories is due on Wednesday.

Based on the Tuesday PIA report, I would anticipate crude prices to drift down…doc