DLPAL DQ price action anomaly detection software identified after the close of Friday, May 17, 2019, the most profitable stock in Dow 30 for Monday, May 20, 2019. The average of the five signals was 1.11% from the open to the close while the S&P 500 fell 0.67% on the day.
The results below are from our daily scan that considers 84 large caps from S&P 100 index. Details and more examples can be found here. The signals were generated after the close of Friday, May 17, 2019.
The results of a portfolio backtest for each signal on all Dow 30 stocks are also shown. UNH has the highest portfolio profit factor Port PF, highest portfolio expectancy Port E and high portfolio Win Rate. Portfolio backtests usually increase sample size by an order of magnitude.
Below is the original signal output with returns from open to close of Monday, May 20, 2019.
UNH gained nearly 2.5% from open to close of the day. This was the best performing stock in Dow 30 and second best in the universe of 85 stocks we scan daily. Four signals were profitable and one was unprofitable.
Price action anomaly detection is possible for those that are willing to commit the time, effort and resources. Those who claim it is not possible either have never tried or just try to discourage others from doing it.
Click here for more info about DLPAL DQ.
If you found this article interesting, I invite you follow this blog via any of the methods below.
If you have any questions or comments, happy to connect on Twitter: @priceactionlab