1. New Addition: Stats on the Daily Scan Results

    I recently added some data which may be helpful in getting a feel for what scans are "trending".  I've started tracking the number of stocks which appear on each scan each day.  That's enabled the ability to show how much above or below normal a scan is on any given day.  You can find this data in two places.

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  2. Streamlined Adding of Stocks to Portfolios

    I just made it a little easier to add stocks to portfolio lists in the app.  Before you were required to enter the number of shares and the entry price.  Those values are still required but they now get automatically set to default values (100 shares & the average price from the latest full trading day).  So now you can just click the "Add to Portfolio" button without making any other adjustments.  

    This should come in handy for those who don't particularly want to track actual P&L within SwingTradeBot but, instead, want to track more stocks in order to get alerts/signals on them.  This makes it easier to use a portfolio as an additional watchlist.

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  3. SwingTradeBot Expands to Seven More Global Stock Markets

    Shortly after SwingTradeBot went live (with coverage of US listed stocks -- NYSE, Nasdaq & AMEX) a few years ago people started asking me if I could add coverage of various foreign (to me) markets.  My answer was always "yes, I just need a data source for those markets".  I also needed to make some changes to the "engine" to make it a bit more generic and to be capable of hadling other markets.

    Well I've been tweaking things over the last few months and I'm happy to announce the launch of seven more sites covering the following markets:

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  4. Customizing Your Stock Screening

    I'm sharing an email exchange I had earlier today in hopes that it will help others to find ways to get exactly what they want when using the site to scan for stocks.  A friend sent me this:

    I was looking through your hammer scans on SwingTradeBot to see how Zillow stacked up on the grading curve. I was surprised Zillow (Z) only got a B. I looked at the A rated puppies and felt like Zillow (Z) should be higher rated. Then I realized what I really want is a modified hammer scan. I want hammers that come at the end of a period of selling, even better if it is an oversold hammer or a hammer coming off a high. The preceding selling has to be at least three straight down days. Did you already read my mind and create such a thing, or do I need to put a suggestion in the idea box? :)

    Here's my answer:

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  5. 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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  6. Hover Charts Simplified

    (Updated with an animated GIF showing sorting by Grade and the hover/pop-up charts in action.)

    I just made a change to the way the hover charts are launched.  It is now easier to know where the charts are available and it should also be simpler to display them on Android devices.  You'll now see a little chart icon next to stock ticker symbols in many of the tables around the site.  Here's an example (If the image isn't animated, try clicking on it):

     

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

     

    On a laptop or desktop computer you can simply hover your mouse pointer (cursor) over the chart icon and that stock's candlestick chart will appear.  On mobile devices you can just tap the icon to reveal the chart.  A second tap somewhere else on the screen will close the popped-up chart.

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  7. Reading Today's Technical Damage via the Scans Page and General Market Analysis Page

    Back on February 8th I wrote about the negative divergence I noticed in one of my favorite indicators - the percent of stocks above their 50-day moving averages.  If the market is having a healthy advance you should see a lot of stocks participating.  That inidcator should be making higher highs along with the indices.  The divergence in that indicator is a sign of a rally on poor breadth.  

    That divergence has been nagging at me since January but I've felt like I had to be a bull given the indices' stubborn advance.  Well today it felt like the music stopped in a game of Musical Chairs and people were scrambling to sell.  I thought last week's Fed decision to raise interest rates might have been the catalyst for a selloff but that didn't happen (and perhaps that was too obvious).  Thankfully my nervousness had me keeping tight stops and I shorted some QQQ ahead of the Fed meeting.  I was actually thinking about covering that short after this morning's gap up -- good thing I didn't!

    I thought I'd follow up on that previous blog post by showing again how one can get a read on the market's health via some of the site's features.  As I've mentioned, it's crucial to get a feel for the broad market's health & direction.  I'm often asked which scan/signal is the best one -- but there's no one anser to that.  Different things will work in different phases of the market.  (I wrote a bit more on that topic in the FAQ) So I've put things on the site to help me do just that.  

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  8. 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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  9. 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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  10. 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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