Scans Updated

I’ve adjusted the nightly scan for stocks that may make new 30-Day highs or 30-Day lows (which you can see on my scans page). The list was just too damn big every night. So, last night I thought for a minute about which entries I tend to disqualify right off. I thought of two criteria, which I adjusted:

• Upped the avg volume to 450k from 250k. I was usually automatically passing on stocks doing 200k on the day they show up in the scan, anyway.
• Demanded that the stock’s total range over the last 20 days to be at least 6%. I may raise this further in the future. The idea of the scan is to find stocks taking a rest during a good move. Too many scan candidates had been on the right side of their moving averages, but still essentially moving sideways.

Last night, that cut the scan down to about 2/3rds its normal size. A nice improvement. Tonight the list looks better as well, and I’ve posted the new version. It will be the version I use going forward, as well.

Jaiku Updates

I’m not promising to do this in any timely fashion, but most days I plan to make an entry on my jaiku stream pointing out which of my scan candidates I plan to focus on that day. I’ve been making the entry usually before the markets. Other traders on jaiku are also posting their candidates. It’s really great… check it out if you haven’t!