No Market Commentary for the Labor Day weekend.
Going to get some surfing time in and have a nice BBQ Sunday.
Aloha!!!
New Swing Longs: ARS WIRE ARRS ROS
Longs Outperforming Market: SYNC DRRX PYX WSSI ASR
New Swing Shorts: PHRM SPH
Shorts Outperforming Market: JOE
2 comments:
Aloha Joshua
Concerning the use of MoneyStream I read the support articles on TCNet and I started using it a month ago and like this indicator a lot and I'm glad you confirm the use of it in your method. Some confusion arises though as I plot its relative value and the indicator moves from bottom to top of the window and vice versa; so one has the feeling that when it gets to the top the stock is over-extended and probably will collapse. In reality you introduced me (in your previous reply) to the concept of looking at "positive divergences" so to say that the absolute value is irrelevant as long as MS moves in the same direction or anticipate price. Is this concept similar to the RS explained by WON and is my interpretation correct? If so we could have an MS line already at the top and it can stay there for a long time, in a way it looks overbought but it has nothing to do with an over-bought/over-sold oscillator.
Which other indicators do you find useful in addition to Volume, BOP and MoneyStream? For me the above seems to be plenty: do I miss something very important?
Last question: in mid July I subscribed to TCNet (Platinum TC2000) and I'm a happy camper. Did you go back to Platinum and if so in which club/s can I find you?
It is not an oscillator. You are looking for divergences within the indicator and price. When moneystream hits a new high before price the indicator is leading. When price leads the indicator to new high ground the price is showing it is making a "weaker" high and is showing negative divergence.
Read the help files in TC2000 on Moneystream to understand the indicator better. I basically use this as a confirmation of strength and positive divergence.
Yes the relative strength and moneystream are used in the same way. I interpret them similar, also. Looking for strong momentum to the upside in both when looking for longs.
TSV is also the other indicator I use. I use TSV and volume in middle window. I use Relative Strength, moneystream, and Balance of Power in lower window. Sorry for earlier saying I use moneystream in middle window.
I like TSV also but I look for it to be above the middle line and advancing higher when i buy a stock. I dont need this indicator into new high ground.
I am a Gold member until I change. Which will be soon, I am sure. By January I will be back on TC Platinum. For now I like TC Gold because it seems to work and scan faster on my computers. But now that it is online, it may be fast. I guess I will have to try it out again soon.
Hope this helped.
Aloha.
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