1. New Scans: MACD Crossovers!

    Recently I've had several people ask me about MACD scans.  Well I'm glad to announce that I've just added a few to alert/find MACD crossovers.  They are:

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  2. Using the Down 3, 4 & 5 Days in a Row Scans

    These three scans: Down 3, 4, or 5 Days in a Row, are pretty straight-forward.  They do exactly what their names say -- find stocks which have closed lower multiple days in a row.

    I like to use these scans to find strong stocks which are in long or intermediate-term uptrends which are experiencing pullbacks.  I do that by sorting the results by Grade and then looking at those ranked highest -- A, B, or C.   As in the GIF below, after sorting, I'll use the hover/pop-up charts to get a quick veiw of the chart.  If it's one I want to explore further, I'll open it in a new browser tab and take a more detailed look after I've gotten through the entire list of scan results.

    hover over a ticker symbol to get a pop-up chart

    Combining with other scans

    As with most technical analysis signals, they can be enhanced by combining them with other signals/scans or eyeballing the chart for pullbacks to some kind of support (old resistance level turning to support, a trendline or a previous low). So I often look for a confluence of at least two indicators in my trading candidates:

    An issue that comes along in the world of pattern recognition is that one signal or trigger to a typical pattern may simply be noise and not an actual signal to an unfolding event. However, when signals begin to line up and you see multiple signals pointing to an outcome you can be more confident in an outcome. When multiple triggers begin to unfold, this is known as confluence and something that traders should look for, to have an edge before entering a trade.

    A quick way to find some confluence is to use the Combo Scan. SInce I prefer trading pullbacks, these "Down 3, 4 or 5 Days in a Row" scans are some of my favorites to combine with other scans.  Here are some ideas of other scans to combine them with:

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  3. New Scan: Stocks Making a Cup-with-Handle Pattern

    I'm releasing another new scan / signal today.  This one finds stocks forming the handle portion of a cup-with-handle pattern.  If you're not familiar with the cup & handle, here's a quick overview:

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  4. New Scans: Most Alerts, Most Bullish Alerts & Most Bearish Alerts

    By popular demand, I'm releasing three new scans today  They are:

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  5. A Look Back at the Signals Which Launched EVR's 40+ Percent Rally...

    The other day I was flipping through charts on the top percentage gainers scan and noticed the run EVR has had over the last three months.  It's pretty much been straight up (more than 40%) since late October.

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  6. New Scan: Stocks Making a Three-Weeks-Tight Pattern

    I just added a scan to find stocks making a 3-Weeks-Tight pattern.  This is a pattern that Investor's Business Daily / William O'Neil likes a lot.  As they describe it:

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  7. New Scan: Percentage Change Between Two Dates

    Here's another new scan: Percentage Change Between Two Dates

    You can choose whether you want to see the best or worst performers over the previous 5, 10, 30, 90 or 365 days.

     

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  8. New Stock Scans: Upper & Lower Bollinger Band Touches

    Here are two new scans I released the other day:

    These should be useful to combine with other scans when using the Combination Scan.  

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  9. How To Save / Bookmark a Combination Scan

     

    I was just asked this:  

    Would like to reduce the time for scan runs…..I have 4 different  Combo scans which would be great to store and run daily.  Is there a simple way save the scans and run without manual input?

    Here's the answer:

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  10. New Stock Scans: Oversold & Overbought Stochastic

    I've added a couple of new scans to the site.  They are:

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