Relative Strength Ranking (22-Sept-2014)

Before the stocks are ranked, they are filtered according to:

  • MA(50) > MA(150) > MA (200)
  • Closing price above MA(50), MA(150) and MA (200).

Relative Strength (20-day) rank. These stocks show short term momentum and leadership.

2014-09-22 RS 20

Relative Strength (200-day) rank. These stocks are the long term leaders.
2014-09-22 RS 200

Notes:

  • MARC’s short term momentum is losing.
  • NIKL is still leading.
  • ORE is trying to catch up short term.
  • SECB, CEB and BLOOM – short term momentum is strong. They look to be starting to rally from their respective bottoms and making new 52wk highs in the previous weeks.

12-21-2011 PSEi Scans

Relative Strength Scan

Ticker Date/Time RS % Closing Price Volume
BEL

12/21/2011

19.92

4.98

17103000

TEL

12/21/2011

8.3

2584

244915

GLO

12/21/2011

5.69

1070

70805

FGEN

12/21/2011

5.01

14.66

6138000

BDO

12/21/2011

4.02

57.8

12994180

SMPH

12/21/2011

3.34

13.4

3960100

DMC

12/21/2011

3.06

39.55

1805400

EDC

12/21/2011

2.99

6.29

26603100

SM

12/21/2011

2.06

559

268520

SCC

12/21/2011

1.57

217.8

361320

BPI

12/21/2011

1.01

55.85

2278640

MER

12/21/2011

1

245.8

198470

AEV

12/21/2011

0.72

40

2774600

MPI

12/21/2011

0.68

3.66

19212000

AGI

12/21/2011

0.5

10.46

10916600

JFC

12/21/2011

0.38

92

405890

AC

12/21/2011

0.18

302.2

274380

 

 

12-21-2011 BEL

US Markets closed very strong last night. I also looked into EPHE and PHI before sleeping and saw that they were also strong… expected a strong market today. I’m not sure though but it looks like some index stocks didn’t close good today.

Anyway, one of the things I look to filter out stocks is to perform a relative strength scan. This scan compares the strength of a stock relative to its peers in the PSEi. Part of my trading philosophy is to buy strength and sell weakness.

In my post last night, BEL was still the strongest stock in the PSEi. Ms. Market confirmed it today!  Of course I followed my rules as it broke 5. Unfortunately, it closed below that! It would have been better if BEL closed above 5 as 5 is a round number resistance.

On the side note, My haka haka tells me that Odyssey High Conviction fund is accumulating BEL. :)

Bought 30% more today at 5.01. Let’s see how it performs in the coming weeks. :D