Ripe Trades

Below you will find a list of long and short candidates. Historically these long and short setups have performed quite nicely when using the entry levels specified next to the ticker and the exit rules listed below. The longs have averaged 12.34% with 81.9% accuracy for entry level 1 or 28.7% with 84.9% win rate for entry level 2 and the average trade has lasted 2.6 days. The shorts have averaged 1.35% with a 67.4% win rate and the average trade duration has been 2.5 days. These results are based on testing every one of the Russell 1000 stocks since 1990.

These are the stocks that qualify for Wednesday with the entry price limits specified,good for the day only.
Long Exit rules – Exit at the close on the day when a 2 day RSI close is greater than 50 or exit on the first profitable open with a 1 day delay. The 1st profitable open with 1 day delay dictates that I hold the position for at least 2 trading days which includes the entry day then exit on the 1st open that is greater than my entry price.

Short Exit rules - Exit at the close on the day when a 2 day RSI close is less than 70 or exit on the 1st profitable close with a 1 day delay. The 1st profitable close with 1 day delay dictates that I hold the position for at least 2 trading days which includes the entry day then exit on the 1st close that is less than my entry price.