Week In Review 5-30-08
I was happy about coming out this week with a little over 1% until I ran the numbers for my screens (which I all but abandoned for my own ideas).
FUQI helped the Zweig Relative Strength 5 (8.19%) and the Zweig MACD (12.51%) screens this week.
Sometimes I really question my sanity when I try something new. I was up 15% for the month of May two weeks ago and thought I was a genius. As I watched most of it slip away the last two weeks, I wondered why I hadn't just stuck to my stock screens.
We'll see how the last 6 months of the year pans out. Maybe I'll be taught a hard lesson about trying to think my way to success in the stock market.
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9 comments:
hey Scott,
Were all 10 of the stocks on the ZWEIG MACD screen Bulls at the beginning of the week?
ok, I'm working too hard for a Saturday morning.. :-)
Scott, you got 8.91 for the RS5 screen...how do you keep track? I get 10.1% when I do AEHR, JADE, ARO, FUQI, and GHM (I hate GHM). I'll be the first to admit I'm going quick here and perhaps I have the opens on Tuesday off a bit? in order they were 8.63; 3.32; 32.53; 9.32; and 56.36
Matt,
For bullish MACD I only had 3 qualifiers, FUQI, INXI, adn PETS.
My sort switched GHM and HOMB for some reason. GHM did better (I wish I would have pulled the trigger on GHM way back when I posted about its bullish flag on April 3rd).
GMH posted great quarterly earnings last week.
I may never pull the trigger on GHM again...that one's killed me twice now...
I asked you this before...I should go search for it..but it's quicker to ask again...MACD...do you look on a daily chart?
For some reason in my notes I've got more than just 3 qualifiers off a daily chart...
Thanks
This is my first post, although I've read the entire blog. Awesome blog!
I buy stocks from the AAII Zweig screen when my technical analysis shows good entry points. Once I have a position, I follow with an ATR-based trailing stop.
I use all the stocks in the AAII Zweig screen and had a couple of questions:
1) Does using RS ranking really help? If so, why 26-week RS? Why not, say, 8-week RS ranking?
2) I set the entry trigger slightly above the current price. I leave a little money on the table but the probability is higher. For example, I will buy GHM at $71.70, which is just above the high of the last few days. How does everyone else time their entries?
3) I'm thinking about using the same approach with the AAII Shadow screen. It's performance is much better than the Tiny Titans. Anyone tried that?
Thanks!
Andy
Matt,
I look at the daily MACD and choose only those stocks that are above 0 on the histogram.
Andy,
I use the 26 RS rank because that's what I've tracked over several years and I know that it works. AAII ranks the screens using 26 wk RS so that's why I used it initially.
If there was a way to backtest AAII screens using different RS time frames, I sure would be interested in finding out if 26wk is the holy grail or if I'm just comfortable with what's familiar to me.
I've tried all sorts of entry techniques but after getting burned by all my genius methods, I've come to the conclusion that it really doesn't matter how hard you try to time things, it all pretty much balances out in the end.
Has your performance been good with your methods?
Scott,
This is a variation of something I have been using for a while, so I don't have a history/track record with the AAII screens (and I don't have Zacks).
Andy
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