Archive for April, 2007

Changes to Wall Streak tags, automagically add symbols to watchlist

Monday, April 30th, 2007

Previously, the wall streak code linked stocks to their chart at stocktickr based on capitalization and number of letters and whether or not it was posted to the stocks tab.
Now in order to tag a symbol, you must enter it as: s:symbol (e.g. s:MSFT). For a forex symbol, you enter it as : x:symbol (e.g. x:EURUSD).
Also, I added an option to your profile settings which specifies if you would like these tagged stocks to automatically populate your watchlist. By default, this is set to true.

Russell 2000 Analysis for May 1, 2007

Monday, April 30th, 2007

IWM
IWM
Path of least resistance: I’m tempted to say down after today’s break of the up trendline. However, the IWM made a new 52-week high only two days ago, so it is difficult to say.
Major Price Points: The $80 area is support from the 50-day moving average and the April 11th & 12th lows. After today, it seems like the IWM must test this support. I would not be surprised to see it touched tomorrow.
Minor Price Points: Trading over $82.50 would show strength/indecision. $83 is a new high. The $81 area is interesting because it was strong resistance in March and the first half of April. It was also support on the April 19th low. What is interesting is that today the IWM closed right in this area.
Worth noting: The Russell 2000 is the dog of the indices, so if the market is heading down then the ER2 should have the better trades. Today was the largest volume in over a month on the IWM, which is bearish.
General Sentiment: The other indices have not yet broken their trendlines, so depite today, the trend is still up and the market is strong.

36 stocks closed at all-time lows

Monday, April 30th, 2007

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

Symbol Price Volume Avg. Volume % Vol. Increase
SPSN 9.82 4191975 2622320 %59.85
ADLR 3.58 2146427 3023020 %-28.99
ALT 0.0632 1140500 826435 %38.00
IDIX 6.88 910122 320681 %183.80
ISLN 12.21 731941 351485 %108.24

– Click here for today’s full list –

180 stocks closed at all-time highs

Monday, April 30th, 2007

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

Symbol Price Volume Avg. Volume % Vol. Increase High Alpha
ISE 66.69 15325954 729828 %1999.94
WWY 58.88 7110709 1099860 %546.51
TSO 121.2 6447323 2715750 %137.40
EHP 13.25 3265600 133169 %2352.22
MWV 33.36 2821100 1293690 %118.06

– Click here for today’s full list –

ER2 down 18 points, -2.23%

Monday, April 30th, 2007

The Russell 2000 got crushed today after 2pm - breaking down its trendline.
ER2
You’d think after mentioning it in my analysis this morning as a major price point, I would have made a killing. I probably should have but I’m still learning. Maybe I should pay more attention to my own analysis.
I managed to make something from it, but not NEAR as much as I’d like to make from a move like that - and I ended up about breakeven for my first month of only trading futures.
Well, I guess you can’t expect to win straight from the start. I’ve learned a lot this month and hopefully the time I spent will prove to be a wise investment. Time will tell.

Russell 2000 Analysis for April 30, 2007

Monday, April 30th, 2007

IWM
IWM
Path of least resistance: Up. The trend is up and the IWM is at new highs.
Major Price Points: $82-$82.25 is support of a 2-month trendline. A break below this shows weakness. IWM bounced off of this on Friday again. So far this line has been an excellent place to go long.
Minor Price Points: Trading over $83 with volume would be a breakout.
Worth noting: The Russell 2000 is still lagging the other indices.
General Sentiment: The market is on fire.

Wall Streak update

Sunday, April 29th, 2007

I moved Wall Streak to a faster server this weekend. It’s awesome - I love having root access. I can do whatever I want with the thing.
I also added watchlist functionality to the stocks tab. I think it’s pretty cool because you can easily add stocks to your list and also see what others are watching. Eventually I’d like to add price targets and lists for futures, forex, options… Check it out and let me know what you think.
For traders with websites, you can also embed your posts, other’s posts, all posts, your watch list, and the top ten stocks (rated by how many watch lists they are on) on your website if you’d like. I think this is kind of nice because it makes it easy for your blog readers to see what you are trading and thinking during the day. I’ve added the top ten list to my left sidebar and my posts to the right sidebar.
If you have any suggestions, I’d love to hear them - just send me an email. Thanks.

30 stocks closed at all-time lows

Friday, April 27th, 2007

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

Symbol Price Volume Avg. Volume % Vol. Increase
RACK 11.27 8524124 2580870 %230.28
ALT 0.06 2005500 856291 %134.20
BBA 0.94 1400900 238553 %487.24
SDS 52.95 1302069 1970290 %-33.91
ISLN 12.45 931328 347307 %168.15

– Click here for today’s full list –

337 stocks closed at all-time highs

Friday, April 27th, 2007

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

Symbol Price Volume Avg. Volume % Vol. Increase High Alpha
AAPL 99.92 24982416 25157100 %-0.69
CMI 96.14 15609528 2053120 %660.28
VSEA 69.99 7946558 1512360 %425.44
NOV 86.65 7681007 2965720 %158.99
DIA 131.23 7526226 9457680 %-20.42

– Click here for today’s full list –

Introducing Wall Streak

Thursday, April 26th, 2007

If you haven’t noticed from the updates on the sidebar, I have made a website called Wall Streak. It’s kind of like Twitter for traders.
Over the weekend I plan to add a feature (suggested by Richard) so that users can post stocks to a watchlist for the day, which will be displayed on the front page along with price targets.
I have also been working on allowing users to post via instant message.
I posted about it on my twitter feed and a few guys have already come over to try it. Check it out and if you have any questions or suggestions on how to make this specifically more useful for traders, let me know - I’d love input and I’d be happy to make it more useful to uglychart.com readers.
And from now on I’ll probably be spending most of my time during the trading day over in the futures tab.