[isatrader]

I know there have been a lot of questions about screens, but I'm having a hard time figuring out how to create a screen for a manageable number of stocks to consider.  Part of it is that there are so many choices of every variable, and I'm not exactly clear which is the best.

For example, moving average.  He discusses the 30 week moving average.  Is this the simple or weighted moving average?  And, is it the 200 day, or 150 day?   

Welcome to the site hummigbird.

The 30 week moving average is the simple moving average, and this roughly equates to a 150 day simple moving average if you are using it with daily charts.

Also, resistance lines.  These seem so variable.  Do you go with whatever the stock chart is telling you is the resistance line, or go with your own definition?  Particularly with a stock that may already be in stage 2, a new "resistance line" may be higher than the one it broke through.  How do you define these?  Thanks!

This depends on the timeframe you are using. i.e. is it a short term trade or a longer term trade. As if its a longer term trade then you need to consider levels of resistance going back over the last few years, whereas if it's a short term trade then breaks of near term highs are where you should focus, while still considering longer term areas as well if there are significant levels in range of the short term trades target. However, this can be fairly easy for short term trades, as you should only be focusing on stocks already in strong Stage 2 advances that are consolidating above their still rising 30 week moving average. And hence, there should only be recent resistance from the developing consolidation range to consider.

I'd recommend taking the time to read through the entire Beginners Questions thread, as these kinds of questions have been asked many times. So you'll find lots of answers to questions that you haven't even thought of yet.

Also, I run my own scans everyday, and from that do a watchlist of stocks for the US, Canadian and UK markets which I post on the blog part of the site now here: https://stageanalysis.net/

These are not setups or indications to buy or sell. But simply stocks showing the right characteristics for the method that might setup in the coming weeks or months. So they are added to the watchlist to keep an eye on.

I hope that helps