Bought ONTY@ 8.79$. Stop loss positioned @ 6$

Open positions for September 22th

Last week has been very hectic week for me so I didn’t find the time to publish my weekly status. I entered a new position QNTA due to new signal from the system.

Here is the status of my current holdings:

Symbol	Entry Date	Entry Price	Current Price	Profit %
IRET	9/6/08	10.37	10.48	1.06
SHLM	7/6/08	22.06	21.73	-1.49
CLRT	25/08/08	2.19	2.09	-4.56
QNTA	15/9/08	2.75	2.70	-1.80

Buy signal for August 25

A new buy signal was received from the system for Clarient (CLRT).

I intend to buy CLRT during the next trading day.

Buy signal for June 23rd

A new buy signal was received from the system for EP MedSystems (EPMD).

If you’ll look at the chart below you can see it had a major move 11 weeks ago where it gained around 84%. Despite the steep climb the stock has seen higher prices.

I intend to buy EPMD during the next trading day.

Buy Signal for June 16th

A new buy signal for TeleCommunication Systems (TSYS) has been given by the system. I plan to buy the stock today.

Buy signal for June 9th

A new buy signal for Investors Real Estate Trust (IRETS) has been given by the system. I plan to buy the stock today.

Buy Signal for May 27th

A new buy signal from the system for GILT. I intend to buy the stock during the day.

Buy signal for May 19th & keeping up the faith

A new buy signal has been issued by the system for NUCO. This buy signal and last week's portfolio results had me thinking about the recent period. If you've followed my blog in the past few months you probably saw that as time went by I sold most of the stocks in my portfolio, all but one. These selling's were a result of sell signals from the system and not the affect of fear caused by macroeconomic events. Ever since I opened this blog I have decided to stay true to my beliefs in the system and follow it no matter what happens.

Three weeks ago, due to changes in the NASDAQ which the system monitored, I started getting buy signals. And hopefully they'll turn into something great :)

I believe that the most important thing in trading, or any other area is believing in yourself. The rest will follow.

Buy signal for May 5th

After several months of dry season we're starting to get buy signals from the system. This week we have two new signals for the following stocks: SATC, ASTSF.

I intend to buy them during the next trading day.

Buy signal for Rural Cellular Corporation (RCCC)

RCCC got a buy signal in the end of last week according to the system. I'm planning to buy it during today's trading session.

Technorati Tags: Buy signal,Nasdaq,Computerized system

Buy signal for Pegasystems Inc (PEGA)

PEGA triggered buy signal in the end of last week. looking in the weekly chart I believe the stock is on the verge of setting a new high.

Buy signal for Computer Task Group (CTGX)

CTGX got a buy signal by the system. Looking at the weekly chart, we can see the stock is on the verge of breaking a strong resistance around 4.82. The resistance has been broken before during the last weeks but could not hold for too long. The stock had no real movement since the beginning of the year but looking few years back, around 2000 we can see the stock was once around 20 so there is quite a potential here. having said that one cannot say when will this happen.

The MACD indicator is positioned above it's signal line. The Chaikin Money Flow indicate the stock was aggressively bought during the last weeks but then sold in the last two week like most of the stocks during the steep decline of the last two weeks. The bearish behavior which the stock witnessed however, didn't bring it to the initial level prior to the bullish movement and it was only a partially sold.

Buy signal for TriQuint Semiconductor (TQNT)

TQNT got a buy signal by the system. Looking at the weekly chart, we can see the stock broke a very strong resistance around 5.7 which has been tested and a result became a support.

MACD positioned above it's signal line and CMF shows strong buying power.

BTW, I use Twiggs Money Flow as a replacement for CMF. it has the following advantages over CMF:

1. To solve the problem with gaps, Twiggs Money Flow uses true range, rather than daily Highs minus Lows.
2. Rather than a simple-moving-average-type formula, Twiggs Money Flow applies exponential smoothing, using the method employed by Welles Wilder for many of his indicators.

Buy signal for November 17, 2007

CTCH got a buy signal. At the moment the MACD is above it's signal although it looks like it is going to cross it on it's way down. The "Twiggs Money Flow" indicator is positioned above zero at 0.18, which shows that money is flowing into the stock.

According to some research I have conducted regarding the MACD value at times of a buy signal, it seems there is no correlation between the two. This means that a positive MACD which crosses it's signal from below just as a buy signal is generated, doesn't improve the chance of the trade to become profitable. Trying to add an MACD rule into my system resulted in fewer trades and lower profit.

A few modification I have made to the system in the last few weeks, improved it's result substantially. I intend to post the results in the following week.

Buy signals for November 3rd

The scan for the previous week resulted with 2 buy signals:

NTWK which was sold 3 weeks ago due to stop loss signal and gained ~30% since, got a new buy signal. This example demonstrates one of the problems with computerized trading system. For the trained eye, the exits signal was a result of a natural and predicted behavior of the bulls who became restless after a 3 weeks rally which yielded ~70%. As a result the stock went down 10.86% to which the system responded with a stop loss signal. Since I'm bound to follow the system I closed my position. A closer look at the volume for the that week confirmed my analysis as it showed that the volume was much lower than the average volume. This tells me the major trend is still bullish. I will try to find a way to take into consideration the analysis above. This is not as simple as it may seem. This might work for NTWK, but running the modified system on different markets may result in a less attractive system (which is usually the case when you try to generalize a rule).

I was able to fine tune the system so it now ignores signal such as the above.

 VGR got a buy signal. Looking at the Twiggs Money Flow indicator shows the stock is being bought for the last two weeks. The stock is currently on the verge of breaking the resistance of 21.8. I intend to buy this stock during the following trading day.

GPX also got a buy signal and I intend to buy it as well.

Buy signal for AmSurg Corp. (AMSG)

AMSG got a buy signal during the week and for some reason I decided to buy the stock during the trading day on Friday instead of waiting until the end of the day. As a result I bought the stock at a price much higher (26.68) than the closing price (26.07). I have no idea why I've done it but it's done and I'll have to live with it :).

Theoretically, I would rather buy the stock in the following week and "lose" few percents than to buy too early and discover that the signal was gone as result of a drop at the end of the day.

 

Open positions for October 27th

Last week was pretty good with ARTG rallied to 4.37 setting the profit to 45.67%. TYL gaining 11.2% on Friday bringing the profit to 12.22%. The trend sure was my friend this week.
Unfortunately EPIC is out of the game with ~18% loss (stock is sold if price drops 10% below the entry price).

Here is the status of my current holdings:

Symbol	Entry Date	Entry Price	Current Price	Profit %
ARTG	24/09/2007	3.00	4.37	45.67
INTV	24/09/2007	9.34	9.80	4.93
IDEV	24/09/2007	6.62	7.83	18.28
EPIC	26/09/2007	13.63	11.12	-18.45
CERS	28/09/2007	8.9	8.9	0.00
INFA	28/09/2007	15.72	17.06	8.52
LWSN	16/10/2007	10.15	11.03	8.67
ANDW	19/10/2007	14.36	14.45	0.67
TYL	19/10/2007	14.08	15.80	12.22

I would like to remind you that I am a long term trader and my system is built around weekly charts, so open positions can stick around for quite a while.

Stayed tuned for next week's update.

Buy signal for Euro Tech Holdings Co. Ltd. (CLWT)

While getting ready for this week, I run the screener on the Nasdaq and discovered another buy signal for CLWT. I wasn't near a computer so I was unable to post anything.

Come into my trading cubicle

I decided to share the signals generated by my system with the readers of this blog. I'm currently invested in 8 stocks, all from the Nasdaq stock exchange.

Here is a list of my current holdings:

Symbol	Entry Date	Entry Price	Current Price	Profit % (After commission)
ARTG	24/09/2007	3.00	3.36	12
INTV	24/09/2007	9.34	10.03	7.39
IDEV	24/09/2007	6.62	7.81	17.98
EPIC	26/09/2007	13.63	13.59	-0.29
CERS	28/09/2007	8.9	10.18	14.38
INFA	28/09/2007	15.72	16.67	6.04
NTWK*	05/10/2007	3.50	3.12	-10.86

* A stop loss signal was received for NTWK as it dropped below 10% from it's entry price. I intend to sell it on Monday around the middle of the day.

At the end of last week I received a buy signal for LWSN. I intend to buy it on Monday.

If you recall, my system works on weekly charts, so all trading activities are done on Friday at the end of the trading day. Since I'm a long term trader, I give my self the luxury of executing my trades in the beginning of the following week so I can verify that the data I download from Yahoo is correct.

I intend to keep the signal service updated on a weekly basis, so stay tune.