Montag, 22. Oktober 2007

CANSLIM Stock Screener ( with free tools )

CANSLIM method is developed my William O'Neil. He is the author of the book How to Make money in stocks. He describes this technique on his book. But this technique can also be applied by using freely available web sites.

  1. Start with the Market : Check the market direction from here, here, and here. You can check the dynamic yield curve from here. ( You can also read the general econmic outlook from here, but do not forget to act on your independent oponion. Never act on others suggestion or view).
  2. Look for strongest stocks in the strongest sectors from here. You can check the market carpet as well. Find stock which are making their 52-week high from here. Filter stocks which are not in your favourite list. (You can also read the general sector outlook from here,but do not forget to act on your independent oponion. Never act on others suggestion or view).
  3. Look for the leader in the strongest quarterly earnings growth in the industry from here.
  4. Check the the percent of shares held by the institutions from here.
  5. Check the annual earnings growth rate from here.
  6. You can check the key developments about the company from here, and here.
  7. Buy the stock which has a cup and handle price pattern.

Do not forget money management techniques. Always plan your entries, exits, and price target before entring a trade. Do not change the rule of the game once your are in the game.

Further reading:
[1] My CANSLIM investing blog entry
[2] How to Make money in stocks
Eingestellt von um

1 Kommentar:

Rajeevan hat gesagt…

Thanks Much friend. I was looking for an easy place to do the industry group comparison different from IBD. Your pointer of marketwatch helped a lot. Below are my steps,

a) Filter the pivot point candidates with volume and price breakage using custom programming using prorealtime site (criteria is, price more than 95% of 52 week high, price more than 20, average volume more than 500K), then will analyse to see if base formation was proper(cup with handle or flat base more than 4 weeks). Stock should have doubled in proce in last one year. Not very over extended from base. Breakage volume should be atleast more than 50% pf average and proce change should be more than 1.5%

b) Fundamental analysis using msn and S&P reports

c) Institutional quick check using morningstar

d) Market watched carefully for distribution days in an excel (very easy to do by checking days with lower price and higher volume in markets by easily watching wallsrteetjournal . It gives price and volume). Less than 2 minutes a day.

e) company news again from msn

November 01, 2010

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