Welcome to my trading "Rattlesnake" Blog!
Download the Table of BK Stocks (Table5.xls) Update Dec. 24th. We changed the Selection List.
Learn about the Rattlesnake Breakout Method (From FuturesMag.com)
Option traders: any idea on how to play these "squeeze"? Dynamic Collars? Condors/Iron Condors? By the way, when is it better to use an Iron Condor versus a simple Condor? I am going to analyze the signals and give a report after next weekend...
12/24: We re-visited our initial selection list and changed it. Starting fresh since December 17th... YUM and MAT are "coiling". Happy Christmas to all
12/19: Long time no work on this table. We went back to the squeeze formula and made it able to compute back any number of days... and performed the scans back. Interesting results, see by yourself by downloading the table showing all the stocks in "squeeze" (Bollinger bands inside Keltner Bands) status.
12/8: Sorry, just missed a few days. But I found a stock that had been on a squeeze since October: SCG. I am still puzzled by the fact that not all stocks have a real fast move when they leave the squeeze, and also to prodict the direction. Any idea will help. email me at: jforge1@johnforge.com
12/3: Back to a few squeezes... all brand new.
12/2: No stock in squeeze mode today...
11/16: No change. The market in serious downturn. Interesting to see PEP leaving the squeeze zone, and MFE still in!
11/15: New comers is PEP. PEP was often listed as an international play with a large cash account. Now that we have it on a squeeze and close to a support at $64.5, we have to watch: $63 or $68... looks like an iron condor (60,64,68,70) waiting? Will BP reach $47.50 (note DMI getting >25 and DI+ above... MACD not ready yet... wait.
11/10: The raw indicator gives the following stocks as potentially exiting the squeeze and breaking out UP: CAT ESRX FAX GLW NMT PRU AWN UYG VALE VLO XHB.
The following stocks are positioned to go down: MRK, PFE, TK, WAG.
PFX and QCOM are undecided
Comment: Interesting to see financial stocks (UYG, FAS) and even Home Builders (XHB) poised to go up.
My favorites: CAT ESRX GLW (Buy them only if you want to see the price fall down to the abysse)
11/05: I have re-ordered the rows to make it easier to follow the stocks, and how long they have been in a squeeze
Some stocks made a powerful move since their first mention: ESRX, HBC, LLTC...I will make a more precise analysis later, but it seems to work. I will also put a green border around the stock when it starts a up move and a red one when it starts a down move.