In this article we will discuss the swing trading screen. Also check out the General Trading Tips, which gives some general pointers.
The Swing Trading screen is one of our most popular screens at the time of writing and is also the first screen in this series that was submitted by a chartmill user. A great share by this user! Not only do we like it, but also other chartmill users are expressing their appreciation by voting the screen up in the list.
Swing Trading is a very general term. In this case the screen is looking for pull backs in strong stocks. Let's have a look at the filters that are used:
The combination of these filters give you a list of recent pullbacks in the strongest stocks in the market that are still near their 20 day high. A slight variation would be to remove the 'near 20 day high' constraint and only filter on below 10 day moving average, but above 20 day MA. This gives a couple of additional results that still look fine.
NTES is one of the results when running the screen today.
In the beginning of February, we see a new high was made, followed by a rather strong sell off, which was again followed by a rather strong return to the highs. And in the recent today there was again a pull back, but this time on lower volume.
UNA.AS is another result of the screen, showing a rather clean pull back after a strong run up.