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Old 08-16-2009, 03:35 PM   #1

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Stock-Picking Strategies

Experts!
I am working on a strategy for a while but it takes me very long to filter out stocks everyday. My requirement is as follow..
1. S&P 500 listed
2. Stock recently suffered down days for couple of days due to, for example Downgrade by an analyst or poor earnings.
3. Last volume was low and the bar was down.
4. Daily volume being at least 1 mil except for last day.

I tried building this using strategy builder of power e*trade pro but couldn't succeed. This takes about 2-3 hours of my time everyday to filter couple of stocks. Please help me to find the best possible way that takes lesser time.

Thanks in advance..
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Old 08-16-2009, 06:07 PM   #2

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Re: Stock-Picking Strategies

try MSN moneycentral
Research stocks, quotes, charts, news, stock ratings, company report, stock screener - MSN Money

you must use Internet Explorer to get the advanced functionalities.
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Old 08-16-2009, 07:41 PM   #3

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Re: Stock-Picking Strategies

Try a Trade Station Scanner. Simple to do.
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Old 08-16-2009, 08:09 PM   #4

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Re: Stock-Picking Strategies

tradestation scanner could do this in a few minutes, more complicated Easylanguage code could be written as well. Here are some candidates from the SP500:

This had a wrong criteria for Close today vs yesterday, the scan was repeated in the picture below this one.


Corrected criteria:
Attached Thumbnails
Stock-Picking Strategies-sp500downer.gif   Stock-Picking Strategies-tsscansp500downer.gif  

Last edited by thrunner; 08-16-2009 at 08:16 PM. Reason: wrong criteria entered
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Old 08-18-2009, 07:33 AM   #5

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Re: Stock-Picking Strategies

Thanks Guys! I am looking for a free tool.
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