Thursday, July 30, 2015

Setting up a Pre Filter Exploration

A question that I get from some of my new business partners is how can I build a list of stocks that are between $5 and $50 and have a volume of at least a certain number.  The idea is to build a list you can scan against regularly and weed out the securities that you wouldn't be interested in.

Putting together an exploration like this is really easy, and my goal here is to show you how to do it.  

You'll want to start in the Explore tab of the Power console.  On the Explorations tab, you will want to right click and choose "New Exploration."  


This will open up a dialog box that will allow you to create your Exploration.  



The real fields you need to worry about are Name, notes and Filter.  In this case, I've named this as Jeffs Prefilter Exploration.  I expect you to name it whatever you want to.  

I do recommend adding some items in the Notes field as this will make it much easier for you to remember the purpose of your Exploration down the road. 

For the filter column we will look for the close of the security to be above 5 and less than 50 and for the volume to be greater than 250,000.  Of course you can easily change these values to fit your actual trading style.  

The code you'll use is very simple.  You will click on the Filter Tab and choose 

Close > 5 and Close <50 and Volume > 250,000

Once you are done, everything should look similar to your the screen above.  Simply click OK and you are ready to run your new Exploration against the list of your choice.  

I would recommend saving your list when you are done with the exploration.  This way you can just choose to scan the new list with the explorations you normally use.  

If you run into any issues with this, feel free to reach out to our help team.  I get great feedback on our support and you can reach them at www.metastock.com/customer

Happy Trading

Jeffrey Gibby
Head of Business Development

About the author:  

Jeffrey Gibby has been working for MetaStock for over seventeen years. He is currently in charge of global business development and works to create new MetaStock distributors and partners worldwide.
Mr. Gibby works with training companies to help people learn the power of MetaStock. He has spoken to traders from around the world and has trained people on how to use the software and trade various markets. Among his areas of responsibilities are the management of new products and services for MetaStock and creating strategic partnerships.








Monday, July 27, 2015

072715 MSWeekly - Options Trading Opportunities Increase

Options Trading Opportunities Increase
Use Stock Chart Analysis for Options
Options Trading has suddenly become far more popular with professionals and smaller funds learning to trade options. This means Options trading opportunities increase for retail traders who will find more trading volume and trading opportunities than have been around in nearly 10 years. It is the Renaissance of Options Trading, and what the professionals want now more than anything is Stock Chart Analysis Training for Options.
C:\Users\Adrienne\Desktop\TechniTrader MSWeekly - Options creative image.png
The professionals realize that the secret to successful options trading has more to do with selecting the right stock to trade than choosing what option strategy to use. The professionals are learning Technical Analysis for the stocks they are considering using in their options trading.
One of the many areas the professional option trader needs to learn is how to interpret the new technical patterns that have emerged over the past few years. These patterns are due to the massive Financial Market Structural changes that every market has undergone, including the Options Market causing an Options trading opportunities increase when the trader is able to recognize the new patterns.
Training for new technical patterns covers the new types of sideways action. Stocks move sideways more often nowadays than they did even a decade ago. The type of sideways pattern occurring is critical to identify early on as it reveals who is in control of the sideways pattern, the direction the stock is likely to take out of that sideways pattern, AND most importantly the volatility AND velocity once the breakout occurs.
Volatility and Velocity are not the same thing. One is a sideways pattern, the other a sudden huge move out of the sideways pattern.
Determining when the breakout is going to occur and the direction, optimizes many options trading strategies and increases profitability trading options as well as stocks. One important thing all traders both retail and professional need to learn is how to find the right sideways patterns with strong energy building that will have big moves out of the sideways pattern.
The chart example below shows a huge gap after a lengthy sideways pattern.
C:\Users\Adrienne\Desktop\chart.png
The sideways pattern also contains an island gap. If you study the chart during the last 2 months, you can see that the sideways pattern became very consistent in its pattern, just moving within the range of the prior sideways pattern before the island gap.  Often the price barely moved. See the very precise tight consolidation of the 7 days prior to the huge gap up.  These price patterns reveal a steady controlled bracketed order that is totally controlling price for those 7 days. This is one of several Dark Pool or Twilight Pool footprints on a stock chart. Options trading opportunities increase when identifying this pattern. Confirmation of the large lot indicators of TechniTrader Volume Accumulation TTVA in the middle and TechniTrader Quiet Accumulation TTQA in the bottom chart windows reveals that this is an ideal set up for a velocity or momentum move to the upside.
Quiet Accumulation by large lot investors is obvious in the chart and the controlled price tells the Technical Analyst that these are very savvy investors, who are using professional orders that bracket and control price. Dark Pools use these orders. Options trading opportunities increase when you trade with the giant lot investors from the Dark Pools, because you can enter with them prior to High Frequency Traders HFTs gapping price so profits are easier and more consistent.
Options Trading Course Information here: http://technitrader.com/me10-option/

http://cdn2.hubspot.net/hubshot/15/07/26/d69c8a7c-ac30-4840-acb9-64596b61d369.png

Trade Wisely,
Martha Stokes CMT

TechniTrader technical analysis using a MetaStock chart, courtesy of Innovative Market Analysis, LLC dba MetaStock

Instructor & Developer of TechniTrader Stock and Option Courses
This weekly stock discussion is sponsored by TechniTrader.com a MetaStock® Partner

Copyright ©2015 Decisions Unlimited, Inc. dba TechniTrader. All rights reserved.
TechniTrader is also a registered trademark of Decisions Unlimited, Inc.

Disclaimer: All statements are the opinions of TechniTrader, its instructors and/or employees, and are not to be construed as anything more than an opinion. TechniTrader is not a broker or an investment advisor; it is strictly an educational service. There is risk in trading financial assets and derivatives. Due diligence is required for any investment. It should not be assumed that the methods or techniques presented cannot result in losses. Examples presented are for educational purposes only.


LEIBOVIT VR TUTORIAL VIDEO ON METASTOCK FOR TLT - 20 YEAR BOND ETF - JULY 27, 2015

From the desk of top market timer Mark Leibovit:


Leibovit Positive VRs in TLT on both the daily and weekly charts (along with rising 5/3/3/ stochastics) confirm bullish stance on bonds.




DISCLOSURE

These products are not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Only investors who are aware of the risks inherent in securities trading should use this information. MetaStock in no way endorses the products and services advertised and accept no liability whatsoever for any loss arising from any use of these products or their contents.

Monday, June 29, 2015

FIREEYE - FEYE - MONDAY, JUNE 29, 2015-- LEIBOVIT VR TUTORIAL ON METSTOCK


From the desk of Mark Leibovit:

I have presented FireEye before as an excellent example of the application of the Leibovit VR (Volume Reversal) indicator. Prior we had discussed the accuracy of the Positive Leibovit VRs. Here I am demonstrating the accuracy of the Negative Leibovit VRs which began on June 19 with the formation of a Leibovit Negative VR and followed three trading days later with another Leibovit Negative VR.  In both instances the 5/3/3/ stochastic was in a downtrend as a confirming indicator. 




These products are not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Only investors who are aware of the risks inherent in securities trading should use this information. MetaStock in no way endorses the products and services advertised and accept no liability whatsoever for any loss arising from any use of these products or their contents.

Friday, June 26, 2015

062615 MSWeekly – Inverted Technical Analysis

Inverted Technical Analysis™


Chart Examples Of How To Use Inverted Technical Analysis


When retail traders are already in a stock and it starts to move down rather than up, many do not know whether to sell the stock or hold it.  They are uncertain whether the move down is just a retracement or if the stock is going to continue moving down, so this is how Inverted Technical Analysis can help.
C:\Users\Adrienne\Desktop\TechniTrader - Inverted Technical Analysis.png
Often times a retail trader is looking at the chart from a perspective of hoping that the stock will turn around and run right back up. However hoping a stock will run up and analyzing the price action properly to determine whether it will or will not, makes all the difference between a profitable trade or a losing trade.
A special type of analysis is often needed to really determine whether the stock will turn around and move right back up, or if it is going to continue to move down and start a deeper retracement or even a short term correction. This type of Technical Analysis is called Inverted Technical Analysis, and it is only taught at TechniTrader.
What this means is that you are studying the downside action as if you intended to sell the stock short. If you are only looking at it from the stand point that you are in a trade that is either slightly in profit or slightly at a loss, you will not know whether to sell the stock or hold it.
We are going to use the chart below as an example of how to use Inverted Technical Analysis to study a chart for a held stock position. We will pretend that this stock is owned, and now that it is moving down the concern is whether to hold or sell the stock.
Chart example #1. C:\Users\Adrienne\Desktop\TechniTrader chart example #1 a MetaStock chart shows candlesticks needing Inverted Technical Analysis for a buy hold.png


Let’s say that the entry or buy was on the small gap up white candlestick day indicated by the green arrow. It moved up the next day as well, then it started to correct. This was a bit of a surprise as the expected action was more upside, especially since the index this stock is on went up over 100 points each day that this stock has moved down.
Nervousness is settling in and you are wondering whether to hold or sell the stock. You have a small profit for now.  You are wondering why this stock is moving down when its index and the general market has been moving up strongly.
You are hoping the stock is going to move up but you aren’t sure. Instead of hoping, worrying, or giving up on the trade use Inverted Technical Analysis and take a totally different perspective. Look at the chart and determine if this stock is a good sell short candidate.
In order to do this of course, you need to have an education in the sell side price action.  The sell side or downside price action is not the same as the upside price action. Price moves differently on the sell side because there are fewer Market Participants that sell short.  Selling is done for different reasons than when the Market Participants are buying. In addition when a stock moves down there are often Dark Pools lurking, that most retail traders are unaware exist in certain price levels and ranges.
The candlestick chart example #2 below shows how to use Inverted Technical Analysis with support lines, which are set at the Dark Pool levels of their prior accumulation.
Chart example #2.
C:\Users\Adrienne\Desktop\TechniTrader chart example #2 a MetaStock chart shows two levels of support under candlesticks as part of Inverted Technical Analysis.png


We can now quickly determine where Dark Pools are likely to enter again. We can also determine how far the stock can move down before it will find support, for either a bounce or a rebound that will convert back to an upside run.
In candlestick chart example #3 below a third line is drawn at the first support level. The stock is likely to easily bounce at the first support level. There is also support at the second line down which is even stronger support than the first level, and the lowest support line is where aggressive Dark Pool activity halted the last short term correction.

Chart example #3.
C:\Users\Adrienne\Desktop\TechniTrader chart example #3 a MetaStock chart shows three levels of support under candlesticks as part of Inverted Technical Analysis.png
When this stock is viewed as a sell short pick, it fails dismally as a sell short candidate because there is not enough possible point gain for profitability. It is not a good stock to sell short. By learning to read the sell side price action as easily as the upside price action and by using this analysis when you are in a held position but are uncertain what to do, will help decisions become far easier and analysis more accurate.
Inverted Technical Analysis exposes aspects of price action, Market Participant activity, and support levels. It also eliminates the most dangerous part of analysis which is letting your emotions, hope, or fears of loss distort or confuse your trading decisions.
I invite you to read more, watch an introductory Video or download an eBook about trading by clicking the button. http://goo.gl/ZVgvj2
http://cdn2.hubspot.net/hubshot/15/06/18/c25e1f8f-3ce6-465a-a0fc-92507bc7b9f8.png
Trade Wisely,
Martha Stokes CMT
www.TechniTrader.com


Instructor & Developer of TechniTrader Stock and Option Courses
This weekly stock discussion is sponsored by TechniTrader.com a MetaStock® Partner

Copyright ©2015 Decisions Unlimited, Inc. dba TechniTrader. All rights reserved.
TechniTrader is also a registered trademark of Decisions Unlimited, Inc.

Disclaimer: All statements are the opinions of TechniTrader, its instructors and/or employees, and are not to be construed as anything more than an opinion. TechniTrader is not a broker or an investment advisor; it is strictly an educational service. There is risk in trading financial assets and derivatives. Due diligence is required for any investment. It should not be assumed that the methods or techniques presented cannot result in losses. Examples presented are for educational purposes only.

Thursday, June 25, 2015

Short LCI Setup on SKYW

Technical Analysis on SKYW (Sky West Airlines)

Why are we shorting SKYW?

1. We can see that we are within our overbought condition within the average pivot cycle movement.
2. We are at a Major Resistance level with: Supporting Fibonacci Retracement, Consolidation of price movement, and have started to create lower lows.
3. Volume is exhausted indicating that there is no more demand to drive prices higher. Volatility is also low supporting price consolidation.

See Trade Management Details Below.

Entry Management

We will be looking to enter "Short" if prices break 15.75 within the next 3 trading days. We are expecting a move to hit our initial profit target and move to a sideways price movement.

Initial Stop Level

Short Entry Stop: 16.62

Profit Target Level

Initial Target:          14.54
Primary Target:      13.24
Extended Target:     11.50


If you have additional questions then please feel free to email info@lcinvestmentanalytics.com

 
Sincerely,

Logan Connors
LC Investment Analytics

These products are not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Only investors who are aware of the risks inherent in securities trading should use this information. MetaStock in no way endorses the products and services advertised and accept no liability whatsoever for any loss arising from any use of these products or their contents.

Monday, June 22, 2015

LEIBOVIT VR TUTORIAL ON METASTOCK FOR TRAK - DEALERTRACK TECH - JUNE 22, 2015

From the desk of Top Market Timer Mark Leibovit.

On June 15 around 2 PM EST Cox Automotive announces buying Dealertrack for $4 billion 

Here is the story:

Digital marketing and e-commerce company Cox Automotive Inc. will buy Dealertrack Technologies Inc. in an all-cash deal worth about $4 billion. Atlanta-based Cox Automotive focuses its services on the automotive industry. Among its properties are Kelley Blue Book, Manheim and Autotrade.Lake Success, N.Y.-based Dealertrack makes software used by the auto dealerships.
The deal values Dealertrack at $63.25 per share, marking a 61% premium from its closing price of $39.19 on June 12. The companies expect the deal to close in the third quarter.

Here is what the Leibovit VR told you.  A Leibovit Positive VR (shown in the video) was formed on Friday, June 12 accompanied by a strongly rising 5/3/3/ stochastic. If you went long using the appropriate stop of 38.65 (the most previous low), you would have a very nice positive surprise during the day on Monday.  Don't tell me someone didn't know the announcement was coming. This is why the VR is such a valuable tool. It follows the big buyers and big sellers, the smart buyers and the smart sellers.



These products are not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Only investors who are aware of the risks inherent in securities trading should use this information. MetaStock in no way endorses the products and services advertised and accept no liability whatsoever for any loss arising from any use of these products or their contents.