Stock-Picking Strategies

[bigboss123 10]

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..

[Tams 20]

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.

[estate1997 10]

Try a Trade Station Scanner. Simple to do.

[thrunner 10]

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:

Edited August 17, 2009 by thrunner
wrong criteria entered

[bigboss123 10]

Thanks Guys! I am looking for a free tool.