Daily A-Share Screening with Positive MACD and P/E

Summary

This document describes a daily pre-open screen for Chinese A-shares. It selects stocks whose MACD value is above zero and whose trailing P/E is positive, while excluding Beijing-listed shares. The stated rationale treats positive MACD as a sign of upward momentum and positive P/E as an ordinary valuation reading; it also claims the geographic exclusion limits exposure to shares considered more sensitive to policy.

The article provides indicator and screening formula references, plus a Python-style example that sorts qualifying stocks by daily percentage change. It reports no backtest, performance evidence, or detailed execution rules. The rationale for excluding Beijing shares is asserted rather than substantiated, and the article notes that P/E alone can misrepresent longer-term profitability and that incomplete or stale data can bias selection. It suggests adding measures such as book value or return on equity, improving data quality, and revisiting the rules over time.

Key ideas

• The screen selects shares with MACD above zero and positive trailing P/E, excluding Beijing-listed stocks.
• It runs before the open each trading day and proposes ranking candidates by daily percentage change.
• The document interprets the MACD condition as an upward-trend filter, but supplies no performance test.
• Positive P/E is an incomplete measure of business quality and does not establish future profitability.
• Data coverage, update timing, and the unexplained geographic exclusion may affect results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.