Finding New Intraday Highs/Lows

Here is tradestation code to find stocks that are making consistent HOD and LOD. Use this in RadarScreen.

vars: highCount(0), lowCount(0), length(0), plotValue(0), highestHigh(0), lowestLow(10000);

If Date <> Date[1] then begin
highCount = 0;
lowCount = 0;
length = 0;
highestHigh = 0;
lowestLow = 10000;
end;

if High > highestHigh then begin
highCount = highCount + 1;
highestHigh = high;
Alert("New High");
end;

if Low < lowestLow then begin
lowCount = lowCount + 1;
lowestLow = low;
Alert("New Low");
end;

plotValue = highCount - lowCount;
Plot1(plotValue, "H/L Count");

if(plotValue > 0) then
SetPlotColor(1, Green)
else if(plotValue < 0) then
SetPlotColor(1, Red)
else SetPlotColor(1, White);

Few Notes

UNG, at its lowest premium since this whole mess started 2.7%. Oil breaking down like I predicted. Looking to see how coal stocks behave from here, could have topped.

Too Far Too Fast?

And the laggards.

UNG Almost Back to Par

UNG is now trading only at a 3.5% premium. This means it can be traded without the same fear or buying/selling premium. Also it has become CRAZY volatile. Today nat gas was up 10+% while UNG was up 5.8%, making the gap shrink. The question I am waiting to answer is whether nat gas has been extra volatile recently because of this arbitrage opportunity, or if this crazy action will continue. I managed to bank some nice $ going long UNG today, and hopefully will do the same in the future.

There still is a premium in UNG and 3% is still a BIG premium for an "efficient" ETF, so be careful not to hold long term.

Oil - Relative Weakness

It looks like oil has topped out here. Its relative weakness to the indexes is very apparent.

UNG Fund Release More Shares

Based on the news alone, the premium is reduced from 16% to 6%, very nice. Oct 2009 nat gas is up 17% (including after hours trading) today, while UNG was only up 2.5%. Looks like arbitrage play worked out today. Also seems like the premium of GAZ is now 0%, unless I am doing my math wrong... I take that back, according to ETFConnect GAZ has a 11.12% premium.

UNG

Getting ridiculous.

Premium / (Discount)
12.91%

UNG

Nat gas is very amusing for me (I have given up on trying to long it, thankfully not suffering any losses). Today I noticed how the commodity hit a new low, yet UNG did not. So I pop on over to the UNG website and I see

As of 8/13/2009
Closing Price $12.47
NAV $11.50
Premium / (Discount) 8.43%

So this thing is trading at an 8.5% PREMIUM. If they ever get approval to distribute more shares, watch out!

Blog

This blog has been pretty pathetic recently. I have been focusing on work and using Stewie's service to trade stocks. Although this makes my life was less stressful, it makes this blog a boring read. I can try to post more ideas here, but only if time permits.

Failed Banks

Forgot there was another week in July! Crazy month!

Nat Gas

Breaking up the previous lower high. chart Might get long tomorrow on pullback.

Incredible July

Nat Gas - Next Leg Lower?

After yesterday's big down day (-5%), it looks like nat gas has set a significant top for now. The question is, is there a next leg lower? Or will nat gas start to trend up for the first time this year? I think a break above yesterday's high will be a signal to get long UNG. Till then we assume that this is headed lower since that is the trend.



I actually think there is a significant chance that nat gas has formed a nice double bottom, but for now I have sold my UNG for a gain, and would not mind re-entering at higher prices.

MAD4e

http://www.sendspace.com/file/ydrg2s

Should have everything that you need.

Chop

Healthy digestion of recent run-up from lows? Or resistance forming for a major leg down? I am more neutral than anything.



On another note, I will probably share the TS functions, indicators and strategies that I have shown here (what I call MAD4e). They are not complicated at all, and their usefulness really depends on the market you are trading, but I will share them soon.

Volatile Tradeable Stocks

	Symbol	Description	Last	Volume Avg Dollar	ATR %	Vol (1 Day Ago)
1	SLM	SLM Corp	10.08	255,697,004.40	9.11	14,636,747.00
2	PALM	PalmOne Inc	15.78	330,756,143.76	8.5	74,475,763.00
3	YGE	Yingli Energy Hoding Co Ltd	13.41	101,194,741.20	8.42	5,604,217.00
4	GNW	Genworth Financial Inc	7.09	156,019,660.00	8.4	14,389,386.00
5	ERX	Energy Bull 3x Shares	29.5	153,794,798.08	8.32	5,037,633.00
6	KEY	KeyCorp	5.31	119,526,450.96	8.21	30,338,737.00
7	AKS	AK Steel Holding	19.28	169,622,054.64	8.12	11,392,029.00
8	MEE	Massey Energy	19.44	141,033,664.52	7.84	5,461,711.00
9	LVS	Las Vegas Sands Corp	8.13	136,082,289.63	7.76	27,902,434.00
10	FAS	Financial Bull 3x Shares	9.4	1,249,547,635.76	7.36	134,384,425.00
11	STP	Suntech Power Holdings Co Ltd	17.78	113,384,830.56	7.25	6,767,039.00
12	FAZ	Financial Bear 3x Shares	4.59	709,328,711.20	7.2	138,630,484.00
13	TZA	Small Cap Bear 3x Shares	22.45	252,895,906.72	7.2	10,466,111.00
14	HIG	Hartford Finl Svcs Gp	12.02	132,723,399.60	7.15	15,031,236.00
15	TNA	Small Cap Bull 3x Shares	28.13	320,362,354.24	7.15	11,055,625.00
16	FITB	Fifth Third Bancorp	7.02	141,238,379.80	6.94	19,650,988.00
17	LEN	Lennar Corp'A'	9.7	108,297,096.21	6.9	7,949,026.00
18	LNC	Lincoln Natl Corp	17.1	153,652,943.92	6.44	7,072,825.00
19	SRS	UltraShort Real Estate ProShrs	20	387,852,629.40	6.4	20,037,960.00
20	KBH	KB Home	14.07	100,071,689.83	6.36	12,786,104.00
21	IP	Intl Paper	14.53	122,461,979.78	6.32	6,650,327.00
22	RTP	Rio Tintoplc ADS	168.49	147,977,053.85	6.27	869,433.00
23	SNDA	Shanda Interactive Entertainmt	55.6	105,627,641.90	6.21	1,410,937.00
24	M	Macy's Inc	11.94	112,258,650.18	6.19	5,914,576.00
25	F	Ford Motor	5.87	425,132,132.16	6.07	68,303,903.00
26	X	U.S. Steel Corporation	36.95	607,377,327.68	6.04	15,876,208.00
27	JOYG	Joy Global	36.8	104,825,904.00	6.03	2,735,612.00
28	WFT	WeatherFord Intl	20.03	218,097,536.32	6	9,094,575.00
29	AA	Alcoa Inc	10.48	321,192,488.16	5.96	26,382,876.00
30	ATI	Allegheny Technologies	34.7	100,706,776.86	5.95	3,638,092.00
31	DFS	Discover Financial Services	10.7	140,809,759.69	5.92	5,401,766.00
32	NBR	Nabors Industries Inc	15.27	132,981,406.17	5.84	5,551,701.00
33	STI	SunTrust Banks	16.19	110,321,477.85	5.83	11,145,255.00
34	CI	Cigna Corp	24.25	103,110,272.50	5.77	3,506,858.00
35	S	Sprint Nextel Corporation	4.9	125,240,085.84	5.74	46,229,276.00
36	BTU	Peabody Energy	30.78	116,776,775.28	5.72	5,195,045.00
37	RF	Regions Financial Corporation	4.05	129,547,912.78	5.71	30,679,428.00
38	MT	Arcelor Mittal	33.12	146,051,381.04	5.69	7,499,174.00
39	FCX	Freeport-McMoRan Copper&Gold B	50.32	701,418,458.37	5.67	13,812,731.00
40	STX	Seagate Technology	10.3	117,193,293.63	5.6	22,205,920.00
41	BGU	Large Cap Bull 3x Shares	34.62	328,507,848.90	5.47	11,115,417.00
42	DIG	Ultra Oil And Gas ProShares	26.8	161,640,817.80	5.45	6,661,501.00
43	BGZ	Large Cap Bear 3x Shares	34.56	291,657,135.00	5.44	8,429,558.00
44	MRVL	Marvell Technology Group	11.61	119,103,308.13	5.44	16,626,685.00
45	MOS	Mosaic Company	45.94	461,928,170.08	5.41	7,035,161.00
46	AES	AES Corp	11.37	105,276,304.44	5.37	9,040,810.00
47	AET	Aetna Inc	25.37	120,193,606.39	5.37	6,124,701.00
48	BJS	BJ Services	13.68	104,156,442.00	5.36	9,604,324.00
49	COF	Capital One Financial	22.38	146,415,778.80	5.32	7,677,450.00
50	MDRX	Allscripts-Misys Healthcare So	16.45	100,212,657.04	5.28	26,054,380.00