Pocket Pivot Pullback
As described by Gilbert Morales and Chris Kacher in their books on the O'Neil Disciple, the Pocket Pivot is an early buy point. This screener looks for strong stocks (with a high chartmill RS rank and near the 52 week high) with a pocket pivot off the 20-sma in the last 5 days that have made a pullback into the pocket pivot. According to Mr. Morales, it is recommended to buy as close as possible to the low of the pocket pivot. Since this is a screener that puts pocket pivots in a breakout context, it is important for the trader to have a constructive base. Since this screener looks for stocks that are in 2% range to their 10-sma and 20-sma, some sideways consolidation should have taken place at these averages.
Stock Screener Settings
Exchange: US Only
This is where the liquidity is
CRS>=70
Better stocks
Signal: At least 1 Pocket Pivot in last 5 days
a Pocket Pivot is required
% Chg>=-2% AND % Chg<=0%
down on the day
Volume Increase: Volume 10% Less Than Prev Volume
Lower volume in the pullback
Price VS SMA: Price In 2% Range Of SMA(20)
Sideways consolidation
Volume Increase: Volume 10% Less Than Vol(50)
Lower volume in the pullback
Price VS SMA: Price In 2% Range Of SMA(10)
Sideways consolidation
Average Volume: 50 SMA > 200K
Liquidity
(close>(high52Weeks*0.75))
Near their 52 week highs
Chart Settings
daily candles with 10 sma and 20 sma
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.