Thursday, August 6, 2015

URSA -- The Bear Scan

After weeks of tweaking, I'm ready to unveil URSA -- the Bear Power Scan:

Universe- US Common stocks -- liquidity condition true.

RSI- Filters

  • Wilders Monthly < 49--  This was the trick-- too low and the stocks that it picked up would not be traceable.  So it's set just inside the bear territory on the monthly 
  • Weekly Weekly -- shows recent weakness
  • BOP - quarterly < 0  -- this one gets the stocks that have had a bull back breaker move-- a power full gap.
  • Price >4 too hard to short stocks below
  • Mystery short 39> 38 --- If you're a stock bee member you'll know what I'm talking bout willis.



Notes:  Unlike Mystery I do not rank.  I look for the back breaker move  and the countertrend rally draw the trend lines using the hourly or half-hourly chart for swing trading.

Great entries are a reversal move on the hourly.:

Example trade: CENX



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