I created a stock screener you can use to find pocket pivots and positive divergences between large players volume and stock price.
The goal of this stock screener is to get ahead of big moves in stocks by finding ones that are chopping out or trading sideways while the large players volume and Twiggs Money Flow are rising at the same time.
I created this stock screener for you guys. To access this stock screener, sign up to Chartmill here, then go to Shared Screens and scroll down until you find “GST Positive Divergence”:
In this video lesson, I talk more about the “GST Positive Divergence” stock screener and then I show you the charts it outputs and what we are really looking for.
You can see ideas coming in from other traders in real-time. You shouldn’t actually follow any of the ideas on this webpage. You don’t want to enter into the bad ideas of somebody else. The goal is to work the idea muscle in your brain by being inspired by other traders posting on Trading View.
Google Search For Stock Trading Ideas
Don’t overlook using Google search to find ideas. Type “stock trading ideas” and then do a NEWS search by clicking here (this link will take you to a Google news search for stock trading ideas, within the last week).
The ideas at the top of this Google search are going to be from professional and institutional traders. Again, I would caution against following these stock picks directly as these professionals have already positioned in these stocks and are now using the mainstream media to pump their positions. Instead, let this search result help get your own creative thoughts flowing.
Come Up With 5 Ideas a Day
Work the idea muscle in your brain. Write down 5 ideas every day. Most of them are going to be bad. That’s ok. The important point is that you are coming up with 5 ideas every day to work your brain muscle. After doing this for several months, you will get really good at this.
Here is a great tool for coming up with stock trading ideas:
Are you ready for a simple swing trading strategy that uses large player volume and pocket pivots?
The idea is to screen for pocket pivots and effective volume studies that show large players accumulating. You look for a positive divergence between large player volume and price and make sure the Twiggs Money Flow confirms the positive divergence on the large player volume. I would not enter a swing long position if the Twiggs Money Flow doesn’t confirm the signal.
What makes this simple swing trading strategy so awesome is that you can use one tool called Chartmill here to quickly screen thousands of stocks for large players and pocket pivot signals.
In the Add Indicators box, add the indicators: Simple Moving Average (50), Effective Volume: Large Players (), Pocket Pivots (Kacher/Morales)(10,2), Twiggs Money Flow (21), and Support+Resistance Lines():
Now save those chart settings by clicking on the little menu graphic button, and then the Save button in the top right corner of your screen:
Please note, there’s two menu graphic buttons on the right side of your screen. You want to click on the top most menu graphic.
Now that your swing trading chart indicators are saved, to screen for stocks using the simple swing trading strategy of large volume and pocket pivot signals, click on Shared Screens at the very top:
Now scroll down and select “large effective volume + pocket pivot today”:
Charts will populate on your screen. What you are looking for are stocks that have been consolidating with rising large players volume and a recent pocket pivot signal.
When you find a stock that looks interesting, copy the ticker symbol. Now go back to the Charts area and type in the ticker symbol and load the default chart settings you saved in the steps above.
You are looking for the Twiggs Money Flow to confirm the positive divergence between large player volume and price action.
This is a really simply swing trading strategy that is working nicely right now. Below is a video lesson I did of the steps above for those of you who find it easier to follow along by looking at my screen.
In an economic news report posted on YouTube (link above) by X22 Report, it cites how the average Millennial has less than $1,000 saved to buy a home. Not only do I think that’s true, I would add that the average Millennial has zero money saved for retirement.
Economic News Forecasts Recession
Most younger people have low paying service sector jobs like McDonald’s or Carl’s Junior, and most are dealing with student loan debt.
X22 Report says that the economy has already entered into a recession and is on the verge of a complete collapse.
Please keep in mind that the X22 Report is a perma-bear YouTube channel and they make money off of doomsday preppers and pitching gold and silver. They operate in the alternative news niche and so understand the alternative news industry. Don’t go bipolar and go out and short the market just yet. Nevertheless, it’s good to listen to the bearish perspective to balance against the bull perspective of the mainstream financial media.
A weekly Saturday night financial show that attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators. This week’s show includes commentary on the Fed’s first and only rate hike in 2016, Eli Lilly’s long-acting Basal Insulin that’s now available in the US, takeover rumors circulating about Qorvo, Protalix Biotherapeutics $24 million order to treat Gaucher patients in Brazil, the FDA approval of Vericel’s Maci for the repair of cartilage defects of the knee, Silicon Motion’s supplying of SSD solutions to the Alibaba Group, and more.
With the stock market hitting all-time highs, everybody wants to know if we are in a giant bubble.
You can’t trade and make money if you’re not in the market. If the fear that we are in a bubble is keeping you out, then you’re not making money.
The honey badger doesn’t care. The honey badger loves to climb walls of worry.
You can get an early read on which way the market is headed by tracking transports. Fedex is a bellwether stock in the transports industry.
The chart of FedEx just did a breakout above 180 and hit a new high. The rising Twiggs Money Flow shows FedEx is under heavy accumulation.
Remember folks, bull markets don’t die of old age, they are murdered by the Fed.
The chart below shows profit margins [blue] are falling as employee compensation [brown] rises.
Since 2015, employee compensation has started to recover as the labor market tightens and corporate earnings are falling (as a % of Net Value Added).
If you look back to the 1960s, you can see that when the labor market reaches capacity, profits fall as labor costs rise. The Federal Reserve intervenes to battle inflation from rising wages which will cause the next recession. The Fed does not usually intervene in a meaningful way until wages rise above 74% of corporate profits. In other words, we have a long way to go regarding rising wages before the Fed is going to hike rates so high that it causes the next recession.
Financial Education posted this video on if we are in a giant bubble. While I don’t agree with everything he says, he does make some good points IMO.
Black Friday sales hit an all-time high record of $3.34 billion or 21.6% growth year-over-year. Mobile accounted for $1.2 billion of those sales, a 33% increase from the previous year. TechCrunch writes…
Combined with yesterday’s $1.93 in online sales on Thanksgiving, the two days are expected to close out at nearly $5 billion in sales. Top-selling toys included Lego Creator Sets, electric scooters from Razor, Nerf Guns, DJI Phantom Drones, and Barbie Dreamhouse.
The Doctor Of Common Sense says about the major indices hitting all-time highs, “Do you believe that this is a coincidence? I’ve been telling you everything that liberals do their whole policy with their communist and social policies, they never work. All you have to do is look at how bullish the market is.” The Doctor Of Common Sense also uses Black Friday’s record sales as proof of failed Democrat and liberal policies although he fails to logically back that claim up. Check out what Doctor Common Sense has to say in the video below.
Nothing against The Doctor Of Common Sense but this is what I was afraid of. When everyone is coming out declaring how great Trump is and how bad liberals have been and citing the spike up in the stock market as proof, that’s when the market is most likely to take a turn down IMO.
This Trump Rally is mostly nonsense and hype IMO. Trump hasn’t even taken office yet. The P/E on the S&P 500 has moved higher since the election and is not supported by anything fundamental.
On the chart above, the gold line is the P/E ratio of the S&P 500 which is at a troubling high of 25.46. The red line is earnings, and the blue line is the S&P 500.
If you thought the market was overvalued before the Trump election, you must be freaking out over this latest spike up.
The stock market going up is not proof of failure by Obama and Democrats. The stock market is going up because there are more buyers than sellers and from short covering. From a market psychology perspective, greed is prevailing over fear right now. That’s it. Assigning stock market direction as proof to justify your personal political bias will result in the rapid demise of your trading account.
Don’t get me wrong; I’m a Trump supporter as you already know. But let’s be real about market valuations. Chasing markets higher because of Trump mania is a dangerous game IMO. I think a lot of amateur traders and investors have the potential to get hurt from this Trump rally when it finally comes to an end.