Bears are back?

The market has been ‘behaving itself’ lately… at least for the past few days. It’s been trending downwards, mainly because of the rise in oil price and the fear of inflation. Unfortunately, I only have one position at the moment. I hope this strategy can work well.

As I’m writing this post, I’m concurrently downloading data from Yahoo!Finance for use with Amibroker, and I’ve written my own screener. Pretty excited cos I don’t have to write a full program to screen for candlesticks. Amibroker is easy to use and accepts data feeds from Yahoo!Finance and EODData, both of which are free to use. Now I can write powerful and flexible screeners myself, without having to subscribe to expensive data feeds.

I’m also pretty excited because I just subscribed to NEWSWEEK at a 77% discount. Now I don’t have to carry heavy books to read whenever I travel, and I won’t be wasting my time whenever I am on the bus.

Hard to find new positions

It seems to always come to this point: I’m having difficulties finding new stock options to sell. One reason could be because of the weak trend now and because of my reluctance to be bullish yet. In fact, I don’t think the stock market’s recent rally will last, cause volume is just too weak. Anyway, I’m broadening my strategy. As long as the stock shows a reversal signal, I will analyse it further.