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Monthly Archives: July 2011

  • Introducing the Pullback 23

    Hawk’s Scan Sentry Report July31

    Welcome to Hawk’s Scan Sentry Report. This is Sunday night with stock recommendations from Jan Arps’ Scan Sentry Toolkit for the week beginning August 1.

    We’ve recently had some inquiries from people who are interested in individual indicators from our popular Scan Sentry Toolkit. Some have been inquiring about the availability of the Trend-Exhaustion and Pullback 23 tools as stand alone products. As you may know, up until now these powerful indicators have only been available as components of Jan Arps' Scan Sentry Toolkit.  Well, we at 'The Toolbox’ are happy to announce that you can now acquire these tools as individual additions to your own technical analysis toolbox without purchasing the entire tool-kit.

    So, today seemed like a good opportunity to discuss the Pullback 23 indicator. This is a ‘ShowMe’ study as well as a RadarScreen/Scanner indicator based on proprietary analysis which points out when the price movement begins to accelerate in the direction of the trend from within a consolidation phase of that trend. When it finds this particular set-up, the Pullback23 indicator will plot a user formatted dot on the bar and, of course, send you an alert that lets you know that the pullback23 condition has been found. Although there is no tool which will send out perfectly accurate signals every time it fires, this indicator is particularly consistent in finding low risk entry opportunities with a high probability of success. This tool is currently available for the Ninja Trader, Trade Station, and Multi-Charts platforms and we hope to have it available for eSignal soon.

    This week I performed my stock scan using the Arps TTB Pullback23 indicator.  I used the default setting of Treble=3, Bass=9, Tempo=23, Chromatic=2 to find an ensemble of about 25 stocks (from field of around 1500) which recently showed signs of renewing the trend that these stocks were in before they slowed down to ‘catch their breath’ . I present some of the results of that scan below.

    But first, however, I would like to thank you for taking your precious time to read this blog. While you’re here, don’t forget to explore the rest of our website ( janarps.com ) and view our collection of YouTube videos demonstrating the use of some of our internationally renowned best selling indicators. And if you have not yet downloaded your free version of the Arps Universal Swing Tool, please go to our Free Stuff page and help yourself to this ‘Swiss Army Knife’ of price measurement. I want to point out that many of our most popular tools are available for the eSignal platform.  Also, feel free to call us at 336-282-1237 to discuss how we can program your trading ideas for Trade Station, MultiCharts, or Ninja Trader. We have been providing technical analysis programming services for over a quarter century and look forward to offering you that experience to help you develop your trading ideas.

    And now for this weeks stock recommendations….

    Longs_______Shorts

    JAZZ               ESRX

    CPSI                ASML

    May the trend be with you,

    Hawk

  • Finding Breakout Stocks

    Hawk’s Scan Sentry Report July 24

    Welcome to Hawk’s Scan Sentry Report. This is Sunday night with stock recommendations for for the week beginning July 25.

    This week I was interested in determining which stocks are becoming the ‘new leaders’ within the recent rally. In order to qualify, the stock must make two consecutive new highs (or lows) over a specified look-back period, and then continue to make new highs afterward. Therefor, I also wanted to know how many of these signals have occurred in that same look-back period and how long ago the previous signal occurred. So, being a technical analysis toolmaker, I created a new indicator which would plot a dot on the chart when this signal occurred; and then this new tool would tag the dot with an ‘H’ for ‘High’ or an ‘L’ for ‘Low’ followed by a number which represents the instance of the of the signal over the look-back period. For instance, if this was the fifth time the price had made  consecutive highest closes over the look-back period, the plot would be tagged “H,5”. Below that tag I plot the number of bars since the last occurrence of this signal.  This tool doesn’t have a name yet so I currently refer to it in my technical analysis toolbox as simply HighestLowest.

    I used this tool today to scan my usual universe of stocks which include all stocks in the NYSE and NASDQ which are over $5 and have an average daily volume >300000 shares . Below are some of the results of that scan. Since these are generally stocks which recently broke out of a trading range, you may want to look for a pullback toward the support level (which would be the previous highs before the recent breakout) for entry opportunities.  I generally look for confitrmation in the Arps Fear/Greed indicator and I like to use a bullish cross of the Arps Price Acceleration Oscillator Radar2 to time my entries.

    Let’s see how this new tool works out.

    And now for the stock recommendations….

    Longs____ Shorts

    KSS                 AF

    FTK                 IR

    APOL              AU

    HP

    May the trend be with you,

    Hawk

  • Scan Sentry Picks Average 4% Last Week

    Hawk’s Scan Sentry Report July 17

    Welcome to Hawk’s Scan Sentry Report. This is Sunday night with stock recommendations from Jan Arps’ Scan Sentry Toolkit for the week beginning July 18.

    Last weeks picks did pretty well, both long and short, averaging almost 4% gain each over the week. SGI and SID both exceeded 9% on the short side while EXK gained over 7% for the week on a long position.

    This week I performed my scan using the Arps Trend Exhaustion2 indicator at a setting of Sensitivity=5, Resolution=2.5. This identified for me about 30 stocks to examine (out of a pool of around 1500)  which may be near a turning point at one extreme or the other. When I find 'trend exhaustion' stocks that are at their extremes, I then typically look for divergences against the Arps Radar1 Fear/Greed Indicator to judge the likelihood of a failure or breakout.   When I find clear divergences I will then look for a cross of the fast and slow lines of the Arps Radar2 Price Acceleration Oscillator in order to confirm and time my entries. This type of a set up is generally a counter-trend trade so be careful fighting the prevailing trend and set your stop no farther than one ATR from the indicated Trend Exhaustion bar. I also picked a few this week which look like they might present the opportunity to follow through from a breakout.

    While you’re here on our blog page, don’t forget to explore the rest of our website, janarps.com , and view our collection of YouTube videos demonstrating the use of some of our best selling indicators. And if you have not yet downloaded your free version of the Arps Universal Swing Tool, please go to our Free Stuff page and help yourself to this ‘Swiss Army Knife’ of price measurement tools. Also, feel free to call us at 336-282-1237 to discuss how we can program your trading ideas for Trade Station, MultiCharts, or Ninja Trader. We have been providing technical analysis programming services for over a quarter century now, and look forward to offering you that experience to help you develop your own trading ideas.

    And now for this weeks stock recommendations….

    Longs:____Shorts:

    EOG                CHKP

    ROSE              PRGO

    CHT                TLAB

    May you trade joyfully and profitably,

    Hawk

  • Picking Stocks in the USA

    Hawk’s Scan Sentry Report July10

    Welcome to Hawk’s Scan Sentry Report. This is Sunday night with stock recommendations from Jan Arps’ Scan Sentry Toolkit for the week beginning July 11… But first, since we got through the recent Fourth of July weekend with lots of festivities and fireworks, please allow me to take a moment to express my love, pride, and concern for the United States Constitution.

    I am daily inspired by the revolutionary dreams and accomplishments of men like T. Jefferson., G. Washington, A. Hamilton, B. Franklin, J. Madison and the many others who dared to create a nation wherein people were given the ability to govern themselves… a representative democracy which was established to enhance the general welfare of it’s populace, not just protect and increase the ‘well-being’ of elite and influential families like the historical monarchies. To accomplish this, our founders created a political system which intentionally redirected the fountainhead of political power from its traditional plutocratic sources of accumulated wealth, inheritance, and aristocracy… and attempted to put it into the ‘voices’ of common people like yourself and me.

    Our founding fathers (as well as the supportive mothers who participated in the American revolution of the 18th century) would likely be appalled at the current state of political affairs in these United States. I believe they intended our government to represent ‘we the people’. However, the electoral process currently requires so much money and is so obfuscated by media propaganda, that only those politicians supported by millions and sometimes billions of dollars have a chance of becoming representatives.  In this coup of our government by lobbyist dollars even the very definition of ‘person’ has been hijacked. In my humble opinion, and contrary to the recent opinion of the current Supreme Court, a corporation (which is an artificial entity whose sole raison-de-etre is financial profit) was never meant to be equated with ‘persons’ when it comes to political influence; and therefore corporate money was never intended to have the same rights as human beings in the arena of political speech. However, in the recent ‘Citizens United vs. Federal Election Commission’ decision the Supreme Court legislated that corporations are persons and that their money is protected by the first amendment right to freedom of speech.  This creates the scenario wherein now it is ‘currency’ (I won’t even say US Dollars) which is being represented in the chambers of Washington DC and in many of our state’s capitols. It seems that the dollars of the lobbyists have drowned out the voices of the common people. Five people in judge’s robes have, in effect, altered the very constitution of our nation in an effort to deliver the political power of this country into the purses of the global elite. By ‘global elite’ I mean the very corporations from which we are buying and selling stocks. In essence, this ruling by those unelected judges has made political bribery not only legal, but necessary!

    The United States is a great country founded for the promotion of the general welfare and representation of we the people. As we celebrate our patriotism, let’s please think about how we can reclaim our governance from the corporate ‘persons’ who are currently pulling the strings in our gilded halls of governance. No longer should our representatives govern for the profit of an elite few at the expense of the majority of our nation’s populace.

    And now for my stock recommendations….

    Longs Shorts

    BLL                 AGN

    PKD                AON

    POT                 SGI

    EXK                SID

    May the trend be with you,

    Hawk

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Full Risk Disclosure

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