Here are some suggestions on how to play certain momentum stocks. Do not go out and actively use this strategy without testing it first on a control group. Create some scans and see how this particular strategy fairs, but do not blindly use this approach and how for the same results. I am testing it and refining it using a scan I’ve created.
I’ll do a post in the future on how to create scans and share with you some that I have used in the past and some I still use. I’m can’t wait for the next uptrend to delete the unfavorable daily charts and see the win/loss of the intraday entries. Ideally you want a scan that returns a 1-5 to sift through with a couple to really focus on. If there are too many results it will become to difficult to track.
As always, if you enjoy this post or found it informative, be sure to share it to get the word out.
I’ll leave this information on the Page (momentum scan) for a few more days and then delete that information and replace it with something else. It will be saved here in this post forever for you to review.
7.30
*took ACG off due to it being a fund, not an actual stock. It’s unlikely to trade with any type of momentum.
8.02
8.03
8.04
8.05
8.06
This concludes this up cycle as I got a sell signal on the markets on 8.09. I’ll be doing some analysis on these trades now. It will be more beneficial when I can keep track of the results of these scans from the beginning all the way through the complete up cycle.
