The Trade Finder for Tuesday
The Trade Finder scans 300+ ETFs, S&P 100 and NASDAQ 100 constituent ticker symbols and separates the results into two piles: “rising” and “falling” before ranking them based on price momentum. Stop losses and position size calculations have been updated.
About This Workbook
This ranking and sorting process helps members do their homework by narrowing down the number of ticker symbols that require individual review to determine if there is a technical trade setup according to the Seven Steps to Better Stock Trading. Use the “no setup, no trade” rule for hit and run trading.
“Rising” does not necessarily mean “buy it” and “falling” does not necessarily mean “short it”, because the price action could indicate the end of a trend. For example, if the market has been rising for weeks, ticker symbols at the top of the “rising” list are vulnerable to correction. If the market has been falling for some time, stocks at the bottom of the “falling” list are likely to be the most oversold. Additional information is available in The Knowledge Base.