Short Form Buffalo Trader Bullish Reversal Report 10052010

For the time being, this will be the new format, showing only the basic U.S. stock index momentum, the bullish reversals in ETFs and bullish reversals in stocks. I will periodically comment on major issues at critical times, but during the time I am attempting to build the algorithm required to download signals from almost 1300 stocks that I have built models for using NeuroShell Day Trader Professional, this is what I will leave you with. Most who have commented (and I have received, thankfully lots of comments with great appreciation to readers) want to see the reversals and not necessarily trade signals I generate. That makes life simpler for me, though at some point I will discuss methodology for building your own models. For now, I will present the data with little commentary. I will always respond to readers' comments. This blog will steadily evolve as the time I have and the technology I use evolves. Thanks for your patience during this transition.

For 10/05//2010:

N means neutral, Neg means negative, Pos means positive (OS) means oversold and (OB) means overbought. The value to price estimate (it is not a guarantee, only a cash flow based estimate) can be defined loosely as a multiplier of price. A number higher than one means the stock is undervalued using this model and a number less than one means the stock is overvalued.

Index and ETF I-shares Bullish Reversals (Note: to look up quotes for the Dow Indexes (starting with DJ or DW, add a dollar sign. No dollar sign is required for the ETFs beginning with other letters.) Today?s list includes only those ETFs with a 50-day moving average of daily volume greater than 100,000 shares:

The stocks listed below are ranked by pattern bullish reversals based on a momentum indicator. Each stock by sector is listed with the cheapest stocks on a near-free-cash-flow value/price basis at the top, and more expensive stocks on that basis farther down each sector list (they are listed alphabetically):

Stocks that almost passed the neural net screens but just missed: HLT passed but did NOT meet the value screens, so it was rejected according to the model.

Note: Sluggish, sloppy trading happened yesterday, as, according to IBD, volume dropped 13% on the NYSE, while the most critical index to growth investors, the $COMPQ, began to show cracks in momentum on a weekly basis. The $SPX also slumped into negative territory as well. Ultra-short index ETFs still creep into the bullish reversal lists, as this market seems ready to follow through with the correction. As the casinos pressed higher yesterday, note that large leisure hotels are also creeping in with healthcare, telecom and software stocks. It is indeed possible that a stealth rally in certain hotel properties could be occurring, but what I wonder about is the strength of earnings when they report later this quarter. A lot is on the line with week with employment numbers and the beginning of earnings reports. Let's stay patient as time goes forward. I still believe that this correction could be relatively minor and that we will see many pattern completions hit the list when it all falls out. Only time will tell.

Take care,

DBB

View the original article here

Short Form Buffalo Trader Bullish Reversal Report 10062010

For the time being, this will be the new format, showing only the basic U.S. stock index momentum, the bullish reversals in ETFs and bullish reversals in stocks. I will periodically comment on major issues at critical times, but during the time I am attempting to build the algorithm required to download signals from almost 1300 stocks that I have built models for using NeuroShell Day Trader Professional, this is what I will leave you with. Most who have commented (and I have received, thankfully lots of comments with great appreciation to readers) want to see the reversals and not necessarily trade signals I generate. That makes life simpler for me, though at some point I will discuss methodology for building your own models. For now, I will present the data with little commentary. I will always respond to readers' comments. This blog will steadily evolve as the time I have and the technology I use evolves. Thanks for your patience during this transition.

For 10/06//2010:

N means neutral, Neg means negative, Pos means positive (OS) means oversold and (OB) means overbought. The value to price estimate (it is not a guarantee, only a cash flow based estimate) can be defined loosely as a multiplier of price. A number higher than one means the stock is undervalued using this model and a number less than one means the stock is overvalued.

Index and ETF I-shares Bullish Reversals (Note: to look up quotes for the Dow Indexes (starting with DJ or DW, add a dollar sign. No dollar sign is required for the ETFs beginning with other letters.) Today's list includes only those ETFs with a 50-day moving average of daily volume greater than 100,000 shares:

The stocks listed below are ranked by pattern bullish reversals based on a momentum indicator. Each stock by sector is listed with the cheapest stocks on a near-free-cash-flow value/price basis at the top, and more expensive stocks on that basis farther down each sector list (they are listed alphabetically):

Stocks that almost passed the neural net screens but just missed: STEC

Note: Somehow the mere act of an interest rate cut with give traders and investors some incentive to run to stocks, as the Bank of Japan decided to once again debase their currency to help exports in its already fragile economy. When that happened, volume leaped up and the $COMPQ, which looked like a laggard, began to outpace the rest of the indexes. Once again, however, the reversal list was incredibly small as stocks are still relatively extended, though internet commerce names did indeed show up once again. Transportation stocks even seem ready to break out once again. Weekly index momentum is quite extended, but until we see the true cracks in the daily data, the sideways to slightly upward consolidation is likely to continue. All are waiting on employment data this week, and that will likely set the tone for the week after. Weekly patterns on the $INDU and $SPX are becoming bearish.

I realize that this very volatile market has not been kind to this methodology this year, but it was not kind to it in 2004 either. The swings that fit the Fib patterns have been strong when they have appeared, but they have not appeared as often on a daily basis because of the rather sideways action this year. Such is the way it works. We should see a spate of decent pattern setups should we get a normal correction. If the weekly patterns hold, that should happen shortly. Only time will tell, but one cannot trade what does not exist to trade.

Take care,

DBB

View the original article here

3 Reasons Every New Forex Trader Should Get Forex Robot Trader Software

So, why should newcomers to forex trading get forex robot trader software?

Well, there is no question that forex trading is one of the best ways of making money online; this is the huge attraction for many people looking to make their fortune and retire young. however, as with most things in life, it just isn't as easy as it appears. inexperience and a lack of training can lead to potential financial disaster.

Knowing this is the first step to actually not losing money - which is the next best thing to actually making it! The next step is knowing how to actually make money at forex trading, without this training and experience. This is where trading automation comes into the frame, and is the first reason new forex traders should get forex robot trader software - no experience or training necessary.

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