A good machine-readable free source of stock quotes?

The Bill Gates Personal Wealth Clock, described in the “Sites that are really programs” chapter of my 1990s book on web development, is broken because the attempt to grab a price from Yahoo Finance now results in “It has come to our attention that this service is being used in violation of the Yahoo Terms of Service. As such, the service is being discontinued. For all future markets and equities data research, please refer to finance.yahoo.com.” (they paid Marissa Mayer that they couldn’t afford to respond to a few quote requests per day anymore?)

What’s a good source for getting stock quotes in a simple format designed to be read by a computer program? I would want at least MSFT and BTC-USD.

Philip Greenspun’s Weblog

Texans on the bump stock issue

Here’s the Dallas Morning News from October 21, 2017:

Note that the center of the paper is devoted to the “firearms” category and the locals interviewed are against a ban on bump stocks. Wandering around the Fort Worth Stockyards I noticed a young lady wearing a “Keep Calm and Reload” T-shirt, complete with silhouette of a rifle. I decided to talk to ask some locals how they felt about this issue. Did they agree with a New England gun enthusiast’s statement “Bump stocks are ultra gay. I don’t know anyone who has one or wants one”?

A moderate by Texas standards (he owns fewer than 10 guns) indicated some support for a ban on bump stocks: “You can’t hit the side of a barn with one of those things.” Why didn’t he have dozens of guns? “You need to go to the range and practice. You need to clean them.” Why didn’t he have zero guns? “Well, when you need a gun you need one.”

[Note that bump stocks will be illegal in my home state, going forward: “Massachusetts House approves ban on bump stocks”  boston.com) The vote was 151-3 and, sadly, the journalists didn’t interview the three who voted against the ban. I would love to hear their attempt to explain their vote to an urban journalist!]

Philip Greenspun’s Weblog

Shorting A Garbage Stock

The market has been on a tear in 2017. On the rare occasion the market has a 1 or 2 percent pull back people are tripping over each other to buy! This environment leads to large runups in what I call “junk stocks”. They are low priced stocks, under $ 5, that have very small floats. The are easily manipulated because it take little capital to scoop up a large percentage of the float.

MNKD is one such stock. It tripled in three trading days this week. On Thursday it had a “blow off” top. This means that after trending higher for a couple of days more and more people piled on until the price went vertical. It then strongly reversed trading $ 2 lower intraday. This is one of my favorite setups for a short trade the following day. It is easy to define your risk based on the prior day’s trading range, and many pro traders will look to get short now that the stock has begun to show weakness.

Here is the discussion during our AM Meeting on a way to approach this short idea.

 

As you can see from the charts below the price action was pretty close to matching up with the description from our AM Meeting. Similar setups often produce similar results.


 

The key to this trade is understanding that the change in price action the prior day increases the likelihood of further downside and helps the trader clearly define their risk. For more great risk/reward setups check out our AM Meeting HERE.

Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 21 years. His email address is: sspencer@smbcap.com.

No relevant positions
trader90


SMB Training Blog

Join Me TONIGHT for a Unique Stock and Trade Forecast Panel – Analyze Your Trades!

We’re excited to invite you to a special event tonight!

I’m sure you’ve attended trading webinars where trading educators teach a trading topic or present their methods. These are great and we all learn from them.

But what if there were an online event that was “All About You?” An event where expert traders analyze the stock trades that you are interested in?

TimingResearch and FollowMeTrades are pleased to bring you that event!

Click here to reserve your seat!

Panel Forecast - Submit YOUR Trades!

FollowMeTrades and TimingResearch Presents:
Analyze Your Trade Episode #1

Date and Time:
– Tuesday, August 22nd, 2017
– 9PM ET (6PM PT)

Guests:
– Bennett McDowell of TradersCoach.com
– Corey Rosenbloom of AfraidToTrade.com
– Dave Landry of DaveLandry.com

Moderator:
– Dean Jenkins of FollowMeTrades.com

Click here to learn more and sign up!

When you register, you will be prompted to list the top 5 stocks that you are interested in trading. We will list the top 5 from all registrants and our experts will be prepared to offer their opinions on these trades.

If they think there is a good trade available, they will identify; chart interval, direction, entry, stop, and target price. Or they might say “no good trade setup at this time.”

The experts might all agree–or they might not! This is like Siskel and Ebert for stock trades!

We will also analyze as many other stock trade ideas, that attendees submit during the event, on the fly, offering real-time analysis and opinions.

This is a unique event that you won’t find anywhere else! Register now to reserve your seat.

Can’t make that time? Register anyway and we’ll send you a copy of the recording.

In addition to the recording, we will send out a spreadsheet summarizing the experts’ analysis.

We can’t wait to see you there!

Corey


Afraid to Trade.com Blog

Seeking Confirmations – US Stock Market

Below are the opening segment and an excerpt (on the headline indexes and the Healthcare sector) from the first regular segment of this week’s edition of Notes From the Rabbit Hole, NFTRH 461… Seeking Confirmations We have several inputs forecasting change (market pivots) ranging from seasonal tendencies to an expected US dollar rally, Fed monetary […]
Slope of Hope

Why Is Home Depot Stock Slumping After Earnings Beat?

Home Depot (HD) beat on EPS, Revenues, and Same Store Sales when it reported on Tuesday prior to the market open. However, after initially popping 2.5% to 158.11 from Monday’s 154.26 close, HD reversed sharply into negative territory at 153.00/10 in pre-market action and closed the day at 150.17, down 2.6%.    I am not […]
Slope of Hope

Mr. Trump: You May Not Want To Take Credit For The Stock Market Just Yet

Stock market is still bullish If you have followed my analysis through the years, you would know that I have correctly been steadfastly bullish the stock market for quite some time.   In fact, I was one of the very few who expected the market to rocket higher even after Donald Trump won the election last […]
Slope of Hope

Four Stock Market Index Checkup on May 31 Pullback

If you’re only looking at one of the four main US Equity Indexes, you might be missing something right now.

On the pullback from the all-time highs in the stock market, which index is the weakest right now?

Let’s dust off our Quad-Index Grid and take a look:

The top left shows the popular @ES or S&P 500 index (all are futures contracts) alongside the @YM Dow Mini.

These look the most similar in terms of price highs/lows and structure.

Both took a dive in mid-May and then violently recovered with a non-stop rally to new all-time highs.

Beneath these two similar indexes are the somewhat dissimilar @NQ NASDAQ and @TF Russell 2000 index.

The NASDAQ has been the strongest index lately with the heavy emphasis on strong technology names.

However, the Russell 2000 is the laggard of the group, having failed to make a new high as it continues an intraday downtrend (while all three other indexes charged to new highs).

The pullback has ben more severe and taken price back toward the May “collapse” lows near 1,355 in the @TF.

The main point:  While the S&P 500 and Dow Jones paint a similar picture on the pullback, the NASDAQ is stronger (relative strength) while the Russell is a clear laggard (relative weakness).

If you believe the market is about to rally, focus on the NASDAQ long.  If you think it’s about to fall, consider trading the Russell short.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

The Surprising FAANG Powerhouse Stock

Of the five FAANG Tech stocks, Netflix (NFLX) has enormously outperformed its counterparts on a percentage-gained basis, from the beginning of 2013 onward, as shown on the following two 5-Year graphs. NFLX continues to keep pace, percentage-wise, with the other four, as shown on the Year-to-date graph below. I’d watch for exceptionally high volumes to drive these […]
Slope of Hope

Political Theater Matters for a Moment! It’s the Stock Trader Weekly Recap.

Finally some action out there! The comatose market of much of 2017 finally saw some volatility with a large drop Wednesday as the political theater finally hit markets, but that was offset by solid gains Monday and Friday. Wednesday’s move was the largest drop since September 2016 (!!!) but in the end bears could only push the S&P 500 back 0.38% for the week. Until Wednesday’s move the…

Read the full article at StockTradingToGo.com


Stock Trading To Go

Sad Snap (SNAP)! It’s the Stock Trader Weekly Recap.

Feels like a broken record … and has been for a long time… but once again a shockingly low amount of daily volatility this past week as aside from a quick jump down and then right back up Thursday, the indexes didn’t do much in terms of swings from day to day; or even intraday. The largest move on the closing print for any individual day this week was 0.22%! For the week the S&P 500…

Read the full article at StockTradingToGo.com


Stock Trading To Go