Screening Chinese Stocks with MACD, Positive Earnings, and Recent Dragon-Tiger Listings

Summary

This stock-selection screen combines a positive MACD reading, positive trailing earnings, and appearance on the previous day’s Dragon-Tiger list, a disclosure of notable trading activity in Chinese equities. The stated routine runs before each trading session. The article interprets MACD above zero as an uptrend filter, positive price-to-earnings as a basic profitability check, and the listing as a sign of market or institutional attention. Its example code adds a net buying condition by comparing aggregated buy and sell amounts, then ranks qualifying names by percentage change.

The document provides the screening rules and illustrative code, but no historical test, return data, or benchmark comparison. It cautions that meeting the filters does not establish strong fundamentals, that listed trading data may be delayed or inaccurate, and that market risk remains. It also suggests adding cash-flow or financial statement measures and filtering for net buying. The signal definitions and data timing should be checked carefully before use, since the prose and code examples do not fully align on how MACD and the previous day’s listing are represented.

Key ideas

• The core screen requires MACD above zero, positive price-to-earnings, and a Dragon-Tiger listing from the prior day.
• The proposed selection runs before the market opens and can add a net buying filter based on buy and sell amounts.
• The article treats MACD as a trend filter and the listing as a measure of trading attention, but does not test these interpretations.
• The author notes that the screen does not confirm sound fundamentals and that listing data can be inaccurate or delayed.
• The example implementation and prose differ in some signal details, so timing and calculations need verification.

Tags

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