| US Stocks Making New Highs and Lows 20-May-2010 | ||||
| Period | New Highs | New Lows | Hi vs Lo | Hi/Lo Ratio |
| 20 day1 | 25 | 1937 |  | 0.0 |
| 50 day1 | 17 | 1375 | | 0.0 |
| 52 week1 | 11 | 210 |  | 0.1 |
| All-Time2 | 15 | 39 |  | 0.4 |
| 1 Out of 5030 US Stocks on FINVIZ 2 From uglychart.com based on the previous close (includes funds) | ||||
I looked into the 2 ridiculously overbought stocks (below) and they are HMG and PONE.
| US Stocks in Overbought and Oversold Conditions 20-May-2010 | ||||
| Level | Overbought | Oversold | Overbought vs Oversold | OB/OS Ratio |
| Mild RSI 60 vs 40 | 118 | 3214 |  | 0.0 |
| Moderate RSI 70 vs 30 | 34 | 822 | | 0.0 |
| Extreme RSI 80 vs 20 | 5 | 45 |  | 0.1 |
| Ridiculous RSI 90 vs 10 | 2 | 4 |  | 0.5 |
| 1 Out of 5030 US Stocks on FINVIZ | ||||
| US Stocks in Relation to their Moving Averages 20-May-2010 | ||
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2 comments:
great blog! how about some long term breadth charts, trade ideas, and an explanation about all your metrics, for instance i would like to know what period rsi that is on your overbought and oversold conditions 14 i am guessing. also , what is the significance of watching all time highs? were do you get the data for all time highs? how can it help me? thanks!
Thanks for the kind words and suggestions. You guessed right, the RSI period is 14 and is from Finviz.com. As for data, I wrote a few programs to collect and process publicly available data from Yahoo Finance, Google, Finviz, and some Canadian websites.
One reason I follow all-time highs is that they have no overhead resistance. Overhead resistance has been shown to play an important role in determining a stock's performance. Olivier Tischendorf has a nice piece on it here: http://www.tischendorf.com/2010/05/12/how-overhead-resistance-impacts-a-stocks-price-performance/
Another reason I watch stocks making all-time highs is that it keeps me abreast of the market leaders and how they are faring. MED is a good example from the past year and POT was a good example from the previous bull run (before I started this blog). Of course, no stock exists in a vacuum, which is why I do more general market updates too. I trade best when the 'message of the market' and the 'message of the leaders' confirm each other.
This blog is a work in progress that helps me make better sense of the market, investing, and speculating. The reason I made it a blog instead of keeping it to myself is that it seemed to fill a niche on the interwebs. Over the past 8 or 9 months since inception I've changed things tried new things and I will continue as I find time. Your suggestion of emphasizing how this info can help readers is a good one - thanks!
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