Today is strategy day

[nica33]

And I love MEDVED quotetracker.  It's the best for track your protfolio in real time.  Excellent charts, very customizable and a lot of indicators.

[David Randolph]

ASPV is breaking out ! It has been a Main holding for long, I almost can't believe my eyes, as I've waited for so long!

The only truly profitable and safe biotech with less than $1 B market cap out there.

[TraderStar]

And I love MEDVED quotetracker.  It's the best for track your protfolio in real time.  Excellent charts, very customizable and a lot of indicators.

Agree, quotetracker is great .. and considering it is also free! 

I used Worden for several years, it does have very customizable scans for finding stocks with technical setups (http://www.worden.com)  I used the EOD subscription only, the intraday one not worth the price and all those clubs are very distracting.

[dcrlin]

And I love MEDVED quotetracker.  It's the best for track your protfolio in real time.  Excellent charts, very customizable and a lot of indicators.

Quotetracker.com is free...free real-time, free level II, real-time sales data, free real-time intraday charts, etc

[David Randolph]

Ok, I've been discovering great technical scanning services. And what about fundamental analysis services?

I think making a quick fundamental analysis of the stock improves the chances of success by a lot, as opposed to just going with the chart. It improves the win loss ratio and the staying power.

If you buy by the chart, you need to sell by the chart, and that keeps changing over the short term, it is so extenuating. And you know what? My experience tells me it doesn't bring any money over the long term.

[TraderStar]

No one has mentioned http://www.clearstation.com yet .. they also do fundies, but I cannot judge how good their info is.

[David Randolph]

www.alphatrade.com has that great "Fundamentals" service that you see me using in my videos. It costs just $5 a month. The problem is it comes as an add on to the general service which costs about $40 a month.

I would just love a service that, instead of showing those tables, it showed historical fundamental graphs on an annual and quarterly basis. To quickly grasp the fundamental trends, you see?

I should make a company to develop a service like that ... but I have other things to do

[Sterlis]

Quotetracker works great with Fidelity Investments. It works great and is free. As a backup and sanity check I use Yahoo realtime quotes at $135 per year. I used Money.net for streaming quotes previously but ditched them for performance reasons.

Fidelity customers who trade at least 36 times in a 12 month span can use their Active Trader Pro platform. Works great and the trading is wired directly to the exchange floor. Executions are sub second in speed. Amazing service but $12 per trade.

[TraderStar]

XDSL has been seeing some action the past couple of days .. I know little to nothing about the company, but sharpeyed.com has been recommending it for a week now and they are usually pretty good at spotting the (technical) moves.

[nica33]

I scan stocks with volume at least 5 (early in the morning I use 3) times the average volume las quarter; with market cap > 30 M and avg daily vol last month > 50.000.  

I think the key is use the avg vol las quarter, because it shows a big breakout in a long time.

[TraderStar]

David do you know about http://www.vectorvest.com?  They put quite a bit of emphasis on fundies although I have never explored their fundamental charts I know you can do elaborate scans based on fundamentals.  They charge $9.95 for a 5 week trial, which you can double to another 5 weeks if you ask them for more time (without paying more) then they charge $59.95 a month after that.

[tokyopua]

I scan stocks with volume at least 5 (early in the morning I use 3) times the average volume las quarter; with market cap > 30 M and avg daily vol last month > 50.000.  

I think the key is use the avg vol las quarter, because it shows a big breakout in a long time.

What service do you use for your scan nica?

I also change my volume constraint on my scans as I go through the day, but I never thought of comparing to last quarter, I have been comparing to the 100 sma of volume.  That is one good thing about stockcharts.com when its working, it can check sma and ema of volume (I forget if stockfetcher.com could do that).

[David Randolph]

Here's what Livermore had to say about pure technicians:

«I should say that a chart helps those who can read it or rather who can assimilate what they read. The average chart reader, however, is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to its logical limit he is bound to go broke.»

[nica33]

MSN Money screener is more fundamental than technical.  It uses only 50 MA and 200 MA, volume and price.  The other indicators are kind of fundamental

[nullzero]

Make sure to sign up for free and get the java download for MSN stock screener deluxe. Its one of the best free stock scanner out there, You can do lots of fundamental, some technical analysis, and many other scans etc. MSN Money also has great commentary and some good stock pickers like Jim Jubak.

Here is a great article on using the MSN Money stock screener deluxe with a great fundmental analysis scan settings. These scan settings turned up IMOS among others fundmentally sound stocks that all have been gaining.

http://articles.moneycentral.msn.com/Investing/SimpleStrategies/9ValueStocksForImpatientInvestors.aspx?page=1

Here is a summary of the settings.

*The price-to-book ratio less than 1.7-1.5 (1.7 if you want to see more stocks, 1.5 if you want more refined results)

Screening parameter: Price/Book Value <=1.5

*Cash flow ratio must be above .1 indicating positive cash flow

Screening parameter: 12-Month Income: Cont. Ops. >= 0.1

Screening parameter: Price/Cash Flow Ratio >= 0.1

*Want to find stocks with improving finanicals

Screening parameter: Return on Assets Increased Since <In the Last Year>

Screening parameter: Debt to Equity Ratio Decreased Since <In the Last Year>

Screening parameter: Net Profit Margin Increased Since <In the Last Year>

*Picks must be over 50dma and 200dma averages (picked 5% above the averages, this can be tweaked to show more results etc.)

Screening parameter: Last Price >= 1.05*50-day Moving Average

Screening parameter: Last Price >= 1.05*200-day Moving Average

* Two last filters to improve results

Screening parameter: Return on Assets >= 5

Screening parameter: Last Price >= 3   (This can be tweaked to lower number to add in more results in penny stocks. This was added because a lot of sub 3 dollar stocks have problems)