Hi-
I have consolidated the information into a single .xls. Also, added a tab on -511 given market conditions.+511 Club's - Apr 8, 2013.xlsx
Take care,
Shawn
Hi-
I have consolidated the information into a single .xls. Also, added a tab on -511 given market conditions.+511 Club's - Apr 8, 2013.xlsx
Take care,
Shawn
Hi-
Here are the lists.
Shawn+511 Club's - Apr 9, 2013.xlsx
Hi-
Just a quick word on how I use this information.
I try to confine my purchases to the RS +90 names (3rd tab) and then only when 5d & 10d Up/Down volume on $COMPQ and $NYA are positive, and I moderate overall exposure using the the MEM techniques outlined by Mike Scott.
The last few days, the RS +90 names have been doing well, so I took several very small position near the close today. My MEM count on $SPX is showing the buy signal still on (whilest $COMPQ is off), and we just about go tall green on the Up/Down Vol.. $COMPQ - when I took my positions, this looked like it was likely to close all green.
I took test positions in AIMC, ETH, GILD, GMCR, GNRC, HES, NPSP, PTEN, SNE, SIG, TMH, TRLA.
If the market continues to improve and these names hold-up, I will add a more at the close tomorrowAttachment 17953+511 Club's - Apr 10, 2013.xlsx.
Take care,
Shawn
Hi-
I am using the +90 RS list as current market leaders, and when they are up, I am feeling buoyant about the market.
From yesterday's note and my test positions, we see
NPSP +7.0%
AIMC +5.4%
TRLA +3.4%
GMCR +3.3%
PTEN +3.0%
GILD +3.0%
SIG +0.9%
SNE +0.8%
TMH +0.6%
GNRC +0.1%
ETH +0.1%
and 1 negative: HES -0.5% .
11 of 12 positive, and 6 of 12 +3.0%.. makes me feel bullish.
Of course, we have an IBD FTD on $COMPQX today as well.
Good luck all,
Shawn
Hi-
+511 & 90 RS names held up well today.
Nice call by Pascal on PTEN, and HES was barely down.+511 Club's - Apr 12, 2013.xlsx
Take care,
Shawn
Hi-
I have re-ran a search on the MarketSmith database for names > $7.00 and 100K vol. This gave almost 3,000 names. I then delete names that have zero vol in more than 1/2 of their 1-min bars over 50 days - this took the file down to about 2,700 names. The prior file had 2,400 names.
I have been publishing the # of names in the +511 Club category and +80 RS, and accordingly, the numbers will be a little skewed based on starting with about +12% more names than previously. I believe the # is secondary indicator of direction, what's most important is to look at the names and find good entries on the strongest names - RS +90, and the increase in file size may suggested a few more strong names to look at.
Take care,
+511 Club's - Apr 15, 2013.xlsx
Shawn
Shawn,
Great work! Thank you!
How much is your list of leading stocks overlapping that of "Stocktwits 50?"
http://stocktwits50.com/
It might be interesting to have a weekly list of leading stocks and see if this fixed list is doing better or worst than the market, during a fixed period of time such as one week, 10 days or 20 days.
Thanks
Pascal
Hi Pascal,
I have been running screens on the IBD 50 and ST50 for sometime now.
ST50 updates each weekend, I think IBD 50 may also be updated mid-week as well. I compile my merged list on the weekend. For this week, the merged list is 93.. so there were 7 names that over-lapped, I would guess there are between 5-15 names each week that overlap on these lists.
These list themselves change every week, or maybe even twice a week in the case of IBD 50. My list changes each day.
A more static list would be Jerry Samet's index components.. which maybe changes every 3-6 months..
Suggestions from the broader group are welcome.
Let me think about what might be useful for the group, look over any feedback and get back to you,
Shawn
Hi-
Here is how the 7 leaders from the last post did on Fri:
SSI 2.36%
RYAAY 0.69%
ADBE 0.65%
CHH 0.33%
TRLA -0.54%
TMH -0.71%
EPL -2.06%
I do not consider this constructive price action from leaders, even though an equal weighting across the 7 names would have shown a gain.
Also, note the MEM models for both $SPX and $COMPQ have turned off their buy switch last week; so, NO new buys for me.
My exposure is about 6% net long on leaders (GILD, TRLA, LIFE, TSLA, a few others) - These are small test positions that I did not sell when the Buy Switches went Off. I also have another 6% in a few dividend ETF payers (REM, EMLP, CHI) which are less volatile and I am holding for some yield.
I will continue to publish the .xls of +511 Club so we can see which names attract institutional buying and show the best RS during this corrective phase - these leaders usually (but, not always) turn-up a couple of weeks prior to the market bottoming. Thus, we can be best prepared for when the market conditions become favorable.
Shawn
+511 Club's - Apr 22, 2013.xlsx