Scatter-plots: The Leaders and Laggards

You might already have known about scatter-plots before, it is usually used by groups and traders such as BOH of Jiego, and The Dividend Observer. So basically, mine is just a replicate of that system, but I don't know how they use it, or if there are other systems they coupled with it, but for me I just used it to generate or filter stocks which are kind of an outlier. And from that, I look at the charts, look at statistics and do trade planning. This is one way of filtering stocks so you won't have to look at every stock of PSE.

Figure 1: Scatterplots

Basically, from this data, I would try to find the outlier, which in Figure 1 (which shows the 3months versus Year-to-Date returns of the index stocks), I would like to look at SMC, PCOR, ICT, EDC, TEL, EMP, DMC or SCC. With that list, instead of looking at 30 stocks, I would have to look at only a few of them. But do take note that the timeframe for these one would depend on the timeframe of your returns plotted, meaning, since the figure is pointing out a 3MO Vs YTD Return, then your timeframe should also be medium term to long term.

Let me know if you need copies of this so I can plan how I would share it to everyone.

Charts: SPX500 Warning!

Many investors in the Philippines correlates indices from other countries, and one index that investors watch for sentiment is the SPX500. SPX500 is S&P 500 Index of US listed shares.

I have been quite cautious and have watched how this index would unfold, since I am thinking that momentum has slowed down.

Figure 1: SPX500 Chart

Though it broke above 2,100++ levels, and currently held it, if momentum doesn't build up, this is going to be quite bearish. Though FED has not raised interest rates this September, I am still observing this as I think this could be the last leg up for SPX500. Fibonacci Extensions are shown below for price projection and target. Watchout for 2300-2400 levels.

Figure 2: Fib Extensions

CAVEAT!

Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.

Value Health over Money!

People always want to work so hard for their family's needs and tend to forget that resting a little bit, having a vacation, to being happy always is quite essential for every human being especially to those who are in the corporate world. This is one of my realizations for the past few weeks as I have been putting all my energy into work, even on weekends, and forget that I need to relax a bit, release of some steam, pray to God, and be happy. I have been quite out on stocks for more than a week now, and that I feel blessed that I am still able to share with you guys my knowledge about stock and forex trading.

I would suggest that you make time for vacations, sports, as these will help you think more clearly, have better retention over things, and peace of mind. Go out with your friends (though I am an introvert and would most likely would want to be at home), play video games, drink beer moderately, etc. Life is better when you do that, and would be more happier if you have God with you.

Though I am quite sensitive when it comes to writing a post with religion, since I know that not all of us here in the Philippines are Christians. Just focus on my trading strategies so you will learn a lot from it.

And since this will just be a short post, I am living you an update on the USOIL chart posted here.

Figure 1: USOIL Chart

Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.

Filters: Inside BB Screener by Spyfrat

I introduced to all of you before about Amibroker, and since then I have been studying how to code AFL in order to automate some portion of my trading plan. One useful thing about Amibroker is its Exploration tool, where you can filter stocks, or any statistics, or information you need be tabulated by Amibroker.

As we all want high probability trades, I have thought of having to make filters just so I would know what stocks I should study first during night time, and one of my filter is the "Inside BB" strategy by the legendary Spyfrat. The list below contains the stocks which passed the filter and a brief analysis of that stock.

HOUSE

Figure 1: HOUSE Chart

 $HOUSE had a great run last Friday but with very low volume. Though the chart looks good as it created a higher low. I'm hoping it should be able to test Php8.60 area. The line in sand is at Php7.422, as that would mean a break in the structure low, which would create a lower high.

ATN

Figure 2: ATN Quarterly Chart

 This should be a buy on dips on the quarterly chart with line in sand at Php0.37 area.


EDC

For EDC, analysis has been posted here.

FNI

Figure 3: FNI

 Watch out on the Global Nickel price as this may affect FNI. And also Gina Lopez.
A break above Php0.86 definitively would be a good starting point for a run.

CAVEAT!


Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.


 

Amibroker as your Charting Tool

In the equities trading world, technicians generally need tools in order to plan and execute their trades. Unlike fundamentalists, technicians need charting tools in order to properly plan their trades, executing their trades, and completing/closing their trades.

For technical traders here in the Philippines, there are a lot of charting tool to choose from, and most are provided as free. The following list below are the charting tools available:

• ChartNexus
• Investagrams (Currently not available)
• Investing.com
• Bookaka.com
• Online Brokers Charting tools such as COL, FirstmetroSec, Maketrade, Philstocks, etc.
• Others

While these platforms offer you enough tools for every technician to use, for me, I would want to have automated screeners which I can use to provide me the list of stocks to watch, and one tool does it best: Amibroker.

Just to clarify, I am not in any way connected to Amibroker. I am introducing this tool so everyone is able to explore on this tool and make it their companion.

Figure 1: Amibroker V6.0

Amibroker provides you with charting tools useful for every technical traders, and also it has its own Amibroker Formula Language (AFL) which you can code screeners, make other charting indicator, you can code it provide you with buy and sell signals, etc. It is very powerful that I highly encouraged you to try this one out.

Though Amibroker is not free, you can try their free trial so you can have a taste on what Amibroker looks like.

Figure 2: Sample Amibroker Chart with Holy Grail AFL by Prasad

Figure 3: Candlestick Exploration Tool

So that's it. Just search Amibroker in google and you will see it website for pricing details.