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Other good few month shorts are ABK and TSCO ..
grey1
Adding to the TSCO discussion from Leovirgo
From Grey1's swing rules/guidelines
1) if MACCI daily is 100 + on Friday
DAILY MACCI was around +90 on Wednesday and turned down into Thursday.
If this is mechanical then we do not select the stock? TSCO is trending down and is
not likely to reach +100 very easily. 13 week resgression is sloping down and TSCO
was weak compared to market direction.
2) Day 1 stock is in negative lets say on Monday
TSCO down on Thursday against market direction
3) At around 8UK time stock is near low of the day ( on Monday again )
Stock at low of day towards Thursday close
4) Open a postion just before market close ( on Monday )
Short 39.60 @ 20:56pm UK time
Stop (using 1.5 x daily ATR) = 41.26
Target is 3 x stop = 34.60
5) close postion on Wednesday
Close position on Tuesday if target not met
Jonathan
My bad..!! I thought TSCO was Tesco from LSE. TSCO from NDQ is tractor supply co.!! :cheesy:
From Grey1's swing rules/guidelines
1) if MACCI daily is 100 + on Friday
Don't know were the MACCI is today (haven't got TS set up yet) however market looks over bought today
2) Day 1 stock is in negative lets say on Monday
both stocks of short list
both stocks negative for day while market is postive
3) At around 8UK time stock is near low of the day
Yes
4) Open a postion just before market close ( on Monday )
LTD - short @ 20.42 at around close
Stop (using 1.5 x daily ATR) = 21,92
Target is 3 x ATR = 17.42
FRE - short @ 35.05 at around close
Stop (using 1.5 x daily ATR) = 39.55
Target is 3 x ATR = 26.05
5) close postion on Wednesday
close wed if target not met
Glen
Adding to the TSCO discussion from Leovirgo
From Grey1's swing rules/guidelines
1) if MACCI daily is 100 + on Friday
DAILY MACCI was around +90 on Wednesday and turned down into Thursday.
If this is mechanical then we do not select the stock? TSCO is trending down and is
not likely to reach +100 very easily. 13 week resgression is sloping down and TSCO
was weak compared to market direction.
2) Day 1 stock is in negative lets say on Monday
TSCO down on Thursday against market direction
3) At around 8UK time stock is near low of the day ( on Monday again )
Stock at low of day towards Thursday close
4) Open a postion just before market close ( on Monday )
Short 39.60 @ 20:56pm UK time
Stop (using 1.5 x daily ATR) = 41.26
Target is 3 x stop = 34.60
5) close postion on Wednesday
Close position on Tuesday if target not met
Jonathan
...
TSCO
Short 39.60 @ 20:56pm UK time
Stop (using 1.5 x daily ATR) = 41.26
Target is 3 x stop = 34.60
Close position on Tuesday if target not met
Jonathan
I thought Mr Buffet has a large holding in TSCO! May I know why you think it is a short candidate?
I short stocks based on my own valuation model
Grey1