ETF portfolio upcoming updates and Dragons

I will be selling the two under performing ETF and will switch to two new ETFs on Monday.

UCO - if it breaks above the recent High of 64.16. Currently trading at 63.66

EDC - if it breaks above the recent High of 45.48.. currently at 44.80

TNA, THD, EWY and IDX are the other ones showing super strength.

ETF portfolio up now 23% for the year
Link to Portfolio: http://tinyurl.com/3of6u8k

Other stocks of interest that show that Dragon Pattern :
Finviz Link:
http://tinyurl.com/4xtvyho

AAR,AAV,ABMD,ACOR,AER,AGO,AHC,AMTD,ARJ,AWR,BDCO,BDJ,BIOC,BTO,BZC,CNXT,CPD,CRDC,CSS,CUB,CVLY,CVM,CWT,DD.B,DMLP,DYNT,EBTX,EMAN,ESEA,ESSX,ESYS,EVC,FEIM,FFD,FLC,FMFC,FPIC,FSCI,GENT,GIGA,GJP,GJR,GME,GS.C,HBA.D,HBA.H,HNRG,HNW,HUVL,HYH,IEP,IHT,INTX,INVE,ISCA,ISM,ITMN,JHP,JST,JZJ,KINS,KTP,LH,LKFN,LNBB,LTPZ,LUFK,MANH,MAT,MCZ,MES,MFV,MIW,MO,MPAC,NKA,OGXI,PCOM,PKD,PKG,PNU,PPD,PRAN,PRGS,PVFC,PW,RAE,RCRC,RDEA,RIVR,RMCF,SENEA,SGC,SGI,SHEN,SIF,SIFI,SIVBO,SNDA,STEI,STKL,TACT,TISA,UGP,USLM,UTSI,VCGH,VCO,VOD,VRSK,WERN,WFD,WINA,WPC,WRES,WWVY,

Dragon Scan in Thinkorswim

This scan is to quickly find the stocks that have this Wedge pattern or Dragon pattern
Easy way to find this was pointed out today by our friend Laser today. He has this setup in TC2000 and Telechart.  Another friend Mautzman has used this very successfully. 


I am putting this in ThinkorSwim for the folks who cannot access TC2000 or Telechart. 


First Custom Scan: Price Linear Regression 44 days

#Big Bull and Big Bear LLC

def MiddleLR = InertiaAll(close, 44);
plot buy1 = middleLR > middleLR[10];


Second Custom Scan: Volume Linear Regression 10 days
#Big Bull and Big Bear LLC

def MiddleLRVol = InertiaAll(volume, 10);
plot volbuy =middleLRvol < middleLRvol[5];


Third Custom Scan: Top Band Linear Regression 10 days
#Big Bull and Big Bear LLC

def price = 1.01*High;
def TopbandLR = InertiaAll(price, 10);
plot toplr =topbandLR < topbandLR[5];


Fourth Custom Scan: Lower Band Linear Regression 10 days

#Big Bull and Big Bear LLC
def price2 = 0.99*Low;
def LowerbandLR = InertiaAll(price2, 10);
plot lowerlr =lowerbandLR > lowerbandLR[5];


I run this scan on the stocks that show on a very good tool called Bluefin developed by a friend Dan Cummiskey at Patient Fisherman.


As Dan has pointed out multiple times, one should to be in the best performing stocks in the market. In Bluefin, Dan has filtered out the strongest stocks by various methods. 


Now one need to go through this entire list and using elbow grease, need to identify trade able pattern and subscribe to alerts. 


Thinkorswim, Freestockcharts and TC2000 has good systems for setting up alerts. 

3 new ETFs added to the Portfolio

DRN, TUR, BRF and CZM.

Stops and prices in the portfolio link.

Portfolio Link:
http://tinyurl.com/3s3rsav

Books for Long weekend

Be Careful.

Currently all the puts calls for April expired so the warm and fuzzy feel of fully hedged ( see vix did not move last week when market tanked down to 1300 levels) is gone and now new hedges/game plans are being deployed.. Hence the movement on VIX and indices..

So will look forward to end of day charts or tomorrow to see what the clear picture is.. Anything above 150D SMA would give us a clear hint. 

MWJ got stopped out this morning. 

Two new ETFs added to the Portfolio

MWJ and DRN with stops at 54.96 and 65.56.

Portfolio Link:
http://tinyurl.com/3s3rsav

More on this over the week

Book to read over the weekend:

Wash Sale Software

Trademax is folks looking for freebies..

http://www.itrademax.com/download.htm

reg user:trademaxb
Reg code:000014-XUEAC6-NPTKF1-WX4NZM-V9CVRN-7RZVDG-U78P8G-TR39AT-UACKVA-QNQ9B3

More slow, low volume sell distribution and Happy Birthday to Sunny

As pointed out last couple articles,   Markets are tiptoed its way back up making a very near perfect "V" without much accumulation.Yesterday the divergences along with OIL Price started bothering the markets. 

My positions in EDC, EWS and THD funds got stopped out. 

https://spreadsheets3.google.com/ccc?authkey=CLaStbUH&pli=1&hl=en&key=tiCxkGYG1cXZ1g8MatRlESw&hl=en&authkey=CLaStbUH#gid=0

The only position I am holding this week is DGP.. DGP came out from consolidation and broke out with new highs, hence I took the position. The current stop is at 42.86. 

It was very unusual day in my trading career yesterday.

• 
  
  Positives
   - Profit-taking seen in market sector leaders Oil & commodities
   - Low volume selling
   - VIX not spiking up.
  
  
  Negative:
   - No sector rotation
   - No buyer on the dip
   - No POMO influence
  
• Usually VIX hints correctly but yesterday was very cruel painful wait and then ended the day on some selling. 
• 
  
• Hopefully today will be a better day as it is my friend's birthday. 
• 
  
• Happy Birthday to you Sunny.
• 
  
• 
  

Portfolio Update

Portfolio Update:

ERX closed
Two New ETFs added yesterday, EDC and DGP with Stops at $37.31 and $42.86. respectively

Portfolio Link:
http://tinyurl.com/3s3rsav


Good Books to have in your library:

Another Good Article: Anticipating vs Reacting

Anticipating (versus reacting to) the next black swan

Important Learning Articles.

Rules to Avoid Catastrophic Losses (Harry Domash)

Avoid Financial Disasters with Trailing Stops

Cutting Losses with Fisher's 3 Golden Sell Rules

Stocks Cross over to Dark Side (Old article but still relevant in terms of leaning from Past)


Capital Preservation Mode and Death by Thousand Cuts

Recommended Books for Reading:

Will Post my ETFs later today.