Multiple DLPAL DQ long signals generated after the close of Friday, May 10, 2019, gained on Monday, May 13, 2019, from open to close despite a rough day for the market. We consider this outstanding performance.
Results of DLPAL DQ for 84 large caps we scan daily are shown below as of the close of Monday, May 10, 2019. Details of workspace can be found here. The results include all raw signals, 27 long and one short.
The daily returns are also shown in Return column calculated from the open to the close of Monday, May 13, 2019. The average return of all signals is +0.09%.
We consider “multiple signals‘ those that have more than two occurrences. In this case they are the signals for BA, MMM, SO, SPG and T. The average return of those signals was 0.14%. Signals with more than three occurrences (MMM, SO and SPG) gained 0.78% from the open to the close.
Multiple signals are often more robust and if in addition the validation is positive they present good opportunities.
DLPAL DQ is an advanced quantitative scanner. Some of our professional customers think multiple signals offer a good validation method especially when combined with discretionary analysis. Some of them use ITM options for taking advantage of these signals.
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