10-2-2018 Comments

[Mike]

Hi Mike,

A while back you posted results from taking volume breakouts and managing with 6 simple mechanical exits. This was very instructive and powerful. Do you have any recent results you could post?

Thanks,
Tom

Tom,
I don't have more recent data. I am aware of an experiment in progress that has taken those rules with some modification. That experiment is an automated trading system, currently conducting paper trades only. It uses the TD Ameritrade API for quotes and trade placement. Next time I look into it, I will try to summarize the performance here. Essentially the watch list that I post on this site (this is my real watch list) is used for the input to the automated trading system. It places trades and uses the six rules to exit. Along the side of this project is my pocket pivot watch list (volume alert list that I post on this site), it is also is being auto-traded with the TDA API.

The market may be topping. If so, nothing will work. I currently have two long positions, WWE and VRTX and three short positions, OLED, WTW, and GLD.

Another member of this site is building a chart pattern recognition system. When complete, it will be able to automatically produce a watchlist using the methods I have developed for my own trading. Essentially it will produce the watchlist format that I upload to this site every weekend using my fundamental and technical charting methods, complete with annotations for base type, the pivot point, positive and negative traits, etc.

Mike Scott
Cloverdale, CA

[Tompson]

Mike,
Thank you for your comments. I expect a little more weakness then a big rally into the cycle peak next summer ahead of the recession. Therefore I'm interested in growth stocks.

Expectations are based on earnings, yield curve trend and seasonality.

https://recessionalert.com/reflections-3/
http://blog.yardeni.com/2018/09/bear...or-stocks.html
https://rrspstrategy.wordpress.com/2...-annual-value/


Best regards,
Tom