tag:blogger.com,1999:blog-33805074940556318752024-11-01T06:33:44.436-04:00Scanning and trading all-time highs on US and Canadian marketsAndyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.comBlogger360125tag:blogger.com,1999:blog-3380507494055631875.post-17180673816971901072013-10-26T17:35:00.002-04:002013-10-26T17:35:34.894-04:00

Stocks continue to press higher, and US small caps hit a new All-Time High. My Weinstein indicator score hit a multi-year high as well. Below you can see the current indicators and a chart of the indicator score over the last two years. Weinstein's Indicators IndicatorStatusBias Stage AnalysisS&P 500 above MA(30)Bullish Advance-DeclineNYAD above MA(30), new high recentlyBullish Market

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-69438911376927551912013-09-06T23:14:00.001-04:002013-09-06T23:14:56.728-04:00

After many requests for a forum, I finally figured out an easy way to add one to the website. The idea of this forum is for readers to have an easy place to post thoughts and information about ATH stocks. I like the forum because it's easy to make a quick post with a link and a chart. For example, to get things started I added a simple post about Solium Capital. Below is a screenshot of the

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-19321566675231253462013-06-23T22:36:00.000-04:002013-10-19T20:48:49.389-04:00

The following is a guest post from Jaakko, a reader with whom I have corresponded for quite some time now. In addition to being a trader, he is a savvy computer programmer and in his spare time he created a platform for back testing trading strategies for all-time high stocks. A particularly novel aspect of the platform is its comprehensive handling of portfolio rebalancing, commissions and tax

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com21tag:blogger.com,1999:blog-3380507494055631875.post-87449116573470252312013-04-13T09:46:00.002-04:002013-06-23T22:37:32.976-04:00

The S&P 500 hit a new all-time high this week, and 390 US stocks are on this week's ATH list. This is even more interesting since the AAII sentiment reading hit a low not seen since 2009. Bull markets end with optimism and euphoria, not extreme bearishness. The figure below is from the AAII, showing the S&P 500 price performance since 1987 and the AAII bullish percent over the same time

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-44343949979315932252013-04-06T22:26:00.000-04:002013-04-06T22:26:49.997-04:00

Water stocks continue moving higher, particularly water utilities. Three that made all-time highs this week were American Water Works (AWK), American States Water (AWR), and Aqua America (WTR). These companies generally provide water and wastewater services in various parts of the United States and Canada. They all have market caps over 1 Billion and dividends between 2 and 2.5%. Other stocks on

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-15720669865215517512013-01-27T12:13:00.000-05:002013-04-06T22:26:44.352-04:00

When hundreds of stocks are hitting new all-time highs the challenge can be finding stocks that are breaking out of proper bases. It's important to avoiding chasing. Here are two Canadian stocks that have performed well over the last years and currently have a solid base to move from. Avigilon (AVO-T) is a fast growing Canadian company focused on bringing HD to the security industry. It was one

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-10593393488473852502012-08-13T22:38:00.000-04:002012-08-13T22:38:14.161-04:00

Amid the choppy action in the past few months, the US stock market has gradually regained a healthy disposition. Each week I gauge the market with Weinstein's 8 Indicators and keep track of the score. This has given me reason to look for long positions for the past few weeks. The table below gives a snapshot of the indicators currently, and the graph shows how I've scored the indicators over the

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com3tag:blogger.com,1999:blog-3380507494055631875.post-34955614866357446422012-03-18T17:10:00.001-04:002012-03-18T17:10:29.406-04:00

Viterra, Inc. hit a new all-time high last week on absolutely massive volume. This gain of more than 50% occurred after they announced quarterly results and -- more importantly -- mentioned that they have received expressions of interest from other companies looking to buy the company. One reason for the buyout talk is Viterra will profit from upcoming changes to the Canadian Wheat Board. For

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com2tag:blogger.com,1999:blog-3380507494055631875.post-87992001385192143242012-01-08T23:50:00.001-05:002012-01-08T23:50:16.763-05:00

Poseidon Concepts (TSX: PSN.TO) was the top stock on my Priority List stock scan this weekend. This company is a new idea and its stock is printing new highs. The company essentially provides massive above-ground pools to the drilling industry. While that might sound odd, the 8% dividend and recent breakout means it's worth a serious look. Here is a chart and more about the company. As you can

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com2tag:blogger.com,1999:blog-3380507494055631875.post-82650498105708437982012-01-02T16:08:00.001-05:002012-01-15T10:34:33.277-05:00

The calendar flips to 2012 and we finally say good bye to 2011. There have been many year-end commentaries around the blogosphere highlighting that the S&P 500 was almost exactly unchanged on the year (dshort), and that there were a few stocks that performed exceptionally (stocktradingtogo). I want to look a little wider by presenting a snapshot of how various asset classes performed and

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-88480265272079102402011-10-23T13:24:00.001-04:002012-01-15T10:34:59.439-05:00

The weight of evidence for the US and Canadian markets has improved in the past two weeks, but I still see a bearish bias on the long term. Nevertheless, I continue to watch the markets and maintain my watchlist. This morning I searched the Priority List for stocks moving up on high volume. There were several, including TSCO, PZZI, and SO, but the one that caught my eye was Healthstream, Inc. (

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-75627527471466883862011-10-01T19:09:00.002-04:002012-01-15T10:35:16.423-05:00

In essence my goals as a trader are to (i) make money in bull markets, (ii) preserve capital in bear markets, and (iii) live a well-balanced life in all markets. Being able to achieve these goals requires maturity as a trader, which is an ongoing process. I have certainly learned a lot from others in this regard. Therefore, in this post I want to highlight a few quotes and insights that address

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com1tag:blogger.com,1999:blog-3380507494055631875.post-88701782268754786212011-09-18T13:27:00.003-04:002012-01-15T10:36:08.146-05:00

The stock market continues to give mixed signals. The past month has been a mean-reversion environment, not a trending one. Using Weinstein's indicators I interpret the weight of evidence as bearish on the long-term (see table below). I remain cautious since I am looking for trends that last a few months or more. The most bearish development last week was the world-market

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-16384185410437040332011-09-11T21:26:00.002-04:002012-01-15T10:36:31.212-05:00

Out of interest's sake I have been collecting Standard & Poor's "Stock Reports" on several securities over the past four years. This has really emphasized the point that you should never buy stocks based on stock reports! Always, always, always, listen to price action. Bank of America (BAC) illustrates my point. In the figures below I've taken snapshots of the "Buy", "Hold", or "Sell"

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-66945410565045750762011-08-27T19:24:00.001-04:002011-08-27T19:31:56.902-04:00

This will be a quick post taking stock of the week's events. First of all, looking at Stan Weinstein's indicators the weight of evidence as I see it still points to bearish on the long-term (see table below). Delving into individual sectors doesn't offer much encouragement as every sector in the US stock market has a downward sloping 50-day moving averages and recently made new

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-67398919196966738672011-08-21T15:46:00.003-04:002011-08-28T23:14:05.718-04:00

If you've ever met a mutual fund salesman representative you have probably been told that market timing does not work. The statements often sound like this: "The biggest potential pitfall in trying to time the market is missing the days it’s “up.” In fact, if you had missed the stock market’s 10 best days over the past decade, you would have lost nearly 5% of your original investment

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-75681029224468800232011-08-14T23:50:00.001-04:002011-08-14T23:51:30.080-04:00

Stan Weinstein taught that successful traders pay close attention to what the market as a whole is doing. In his book Secrets for Profiting in Bull and Bear Markets, he outlines eight indicators that longer-term traders and investors should watch. The goal is to stay on the right side of the market as often as possible. I like Weinstein's advice for several reasons. Chief among

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-14018651342387073642011-08-10T23:34:00.000-04:002011-08-10T23:34:41.611-04:00

My favourite aspect of trend-following is that forecasting is not required. The name of the game, literally, is to follow. Rather than predict and hope the goal is to watch and respond. During the last two years the market has offered up some great trends and I was fortunate to ride a few of them. But of course, even the best trends come to an end. Back in February I reviewed some of

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-85377917655535582462011-07-24T14:13:00.007-04:002011-07-24T14:36:21.660-04:00

Apple (Nasdaq: AAPL) hit a new all-time high this week while Research in Motion (Nasdaq: RIMM; TSX: RIM) dipped to five-year lows. I happened to chat with an acquaintance who said they were still holding their RIM stocks purchased a few years ago at much higher prices. In the same conversation they remarked at how successful Apple has been. This reminded me of the importance of several keys to

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-11647430246086374282011-07-05T00:21:00.002-04:002011-07-24T14:18:57.107-04:00

It is important it is to pay attention during market corrections. This is the time to watch stocks as their mettle is tested and investors get skittish. The past two months are a perfect example so I put together a chart of the S&P 500 index and several stocks that made new all-time highs on this weekend's Priority list. The charts illustrate two insightful quotes from Joe Fahmy on the

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com1tag:blogger.com,1999:blog-3380507494055631875.post-49975120367846926712011-06-05T10:32:00.002-04:002011-06-05T10:33:17.159-04:00

Alan Hull shares his advice for successful trading in this short video clip. He very succinctly identifies the key attributes and habits that a trader must develop. Here is the video: Keys for success according to Alan Hull: Risk Management Organization Write it down! Trading is just another form of business activity (Benjamin Graham would agree) Learn by making small mistakes Start small

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-32976950175123829972011-05-23T23:03:00.004-04:002012-02-12T21:44:45.458-05:00

MedQuist Holdings (Nasdaq: MEDH) is a young stock that was in last week's all-time high list. As the chart illustrates, it has appreciated nicely in the past two months and volume has been increasing. Today the stock continued to show relative strength as it closed green while every group in the S&P 500 fell more than 1%. With all this in mind I thought I would delve into MEDH a little

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-34475867771780689752011-04-30T16:51:00.003-04:002011-04-30T17:50:39.795-04:00

I moved to a new city recently so the past few weeks have been hectic. In the process of removing myself from one place and adapting to a new one I have been thinking about the comfort of familiarity and the issue of stagnation. In my old surroundings everything felt familiar and I had my routines. Now everything is new and there are no routines. Every day I am forced to make decisions about my

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-32723985607797701192011-03-20T22:00:00.003-04:002011-03-20T23:01:15.372-04:00

It only takes a handful of good ideas to make money with a trend-following or position trading style. As I've discussed before, only a small minority of stocks are responsible for the market's gains. And yet since there are about 10,000 stocks on US and Canadian exchanges, that small percent adds up to over 500 potential stocks -- way more than the 10(ish) I need. So the challenge I've faced

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0tag:blogger.com,1999:blog-3380507494055631875.post-4902338498719635022011-03-15T13:18:00.000-04:002011-03-15T13:18:22.078-04:00

Today is a perfect opportunity to look for strong stocks that display strength relative to the market. This is part of the "stalking" process that I discussed yesterday. According to FINVIZ, less than 13% of all stocks are trading higher now than at yesterday's close (589/4594; limited to stocks above $2, no ETFs). While the Nasdaq gapped down and touched its lows for 2011... PAY (Verifone

Andyhttp://www.blogger.com/profile/02364120848932393247noreply@blogger.com0