IIC's Winners Watchlists

[Louetta]

There's a bunch of RSI(14) screens at:

http://www.marketinout.com/stock-screener/industry.php?picker=


Ahem. Now it's asking me for a billing address.

[mimo_100]

SP 500 components ranked by RSI(14) with one week and one month price percentage change ►►►

https://app.box.com/s/vcws9943yxinrc8tkkouflfpd9wyxyip

Doug,

Have you ever made buying/selling decisions based upon the 14-day?

Here is what one article says.

http://articles.economictimes.indiatimes.com/2013-04-08/news/38374193_1_rsi-overbought-zone-swing

Overbought/oversold levels: The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days). This implies that the RSI can also be used to identify the overbought/oversold levels in a counter. As suggested by J Welles Wilder, the developer of this indicator, most technical analysts consider the RSI value above 70 as 'overbought zone' and below 30 as 'oversold zone'.


However, investors and traders need to adjust these levels according to the inherent volatility of the scrip. For instance, volatile stocks like Reliance Power may hit the overbought and oversold levels more frequently than stable stocks like Hindustan Unilever, if the 70 and 30 levels are maintained.


Failure swings: The main problem faced by the short-term traders who use indicators is that the stock may continue to move up despite the indicator hitting the overbought zone, or continue to go down even after the indicator hits the oversold zone. This is the reason Wilder developed a new concept called 'failure swing' for the RSI. A 'bearish failure swing' occurs when the RSI enters the overbought zone (goes above the 70 level) and comes below 70 again. In other words, a short position can be taken only when the RSI cuts the 70 lines from the top. Similarly, a 'bullish failure swing' occurs when the RSI enters the oversold zone and comes out. Both the positive and negative failure swings can be clearly seen in the chart on Reliance.


Wilder also explains the possibility of a failure swing above 70. In this case, the RSI needs to make a lower bottom above 70. As an example, consider the RSI hits 76 and then pulls back to 72, before jumping again to 78. In this case, the 'failure swing above 70' occurs when the RSI goes below 72. So, there is no need for the traders to wait for the RSI to fall below 70. Similarly, a failure swing can take place if the RSI makes a higher top below the 30 level.

Tim

[IIC]

Mimo...I look at it during non-market hours but I don't trade by it...Sometimes I look at it with a setting of 5 rather than 14...I also keep and 8ema of the RSI overlaid on the chart.

Louetta...That site looks "exactly" like another site I've seen but I cannot recall the name.

[IIC]

Market Crash in China today http://english.sse.com.cn/

[IIC]

In the article I am Mr. Breakout (Sharp Traders) >>> http://www.tradeciety.com/most-impor...g-traders-say/

[mimo_100]

Good motto, Doug - we used to call it "Don't fight the tape."

Tim

[IIC]

This week's Leaders List ►►► http://sharptraders.com/leaders.html
Last week 17up 5dn

[billyjoe]

Doug, Do you ever browse IBD forums anymore? Do you have any sites other than twitter that have active discussions on backtesting, screening etc? Are you still in cash at the end of each day?
Have you recently procured a shipment of Cuban cigars? Inquiring minds want to know.
--------------------billy

[IIC]

Doug, Do you ever browse IBD forums anymore? Do you have any sites other than twitter that have active discussions on backtesting, screening etc? Are you still in cash at the end of each day?
Have you recently procured a shipment of Cuban cigars? Inquiring minds want to know.
--------------------billy

1) No...I don't subscribe to IBD..I look at the Marketsmith forums every blue moon but not much of interest imo
2) Yes...on Facebook
3) Yes...Have not held anything over 4 years
4) No...I don't smoke cigars...It wasn't lit

[IIC]

My SSWL >>>>, ANW, AB, AMOT, AMBA, AMCX, AAOI, CSIQ, CLDX, CI, CSGP, CYT, FSL, FDP, HW, HZNP, HMHC, HII, IIVI, NSP, ICPT, JUNO, LNKD, MAS, MMS, MINI, MNST, NXPI, OA, PAM, PDCE, PFNX, QTM, SAGE, STRZA, STM, SVU, OLED, USNA, VIPS

[IIC]

FYI in case you do not know...Last Thursday after 17 years the SPDR SELECT SECTORS have gone from 9 to 11.
Charts and holdings are updated here http://sharptraders.com/spdr.html

[IIC]

Investor's Business Daily

Just an FYI in case you didn't know...IBD is switching to a weekly paper next month http://www.wsj.com/articles/investor...kly-1457131255

[IIC]

It's that time of year again...Please vote for me @SharpTraders in this years MOST HELPFUL TRADER ON TWITTER 2016 Poll ►►► http://www.newtraderu.com/2016/12/26...ter-poll-2016/

Thanks In Advance...Doug

[Louetta]

Done......

[billyjoe]

Hey, I know a few of those guys , but you're the greatest on that list.

--------------billy