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Scan charts, find charts with breakout patterns, stocks with attractive “setup" patterns, reversal patterns, other “watch list” candidates, support, resistance, and Bollinger Band Squeeze breakouts. Here we provide a large number of important or interesting stocks you can quickly scan for ideas before the market opens. Locate a stock of interest, then review it on a larger, more detailed chart. The number of stocks included here is large enough to warrant daily reviews. If you regularly need fresh lists of stocks that have triggered a Bollinger Band squeeze alert or other types of alert, perhaps you should review "Stock Alerts" on the navigation bar.
We have found that people tend to be a bit too "jumpy" when they surf the Web. If they do not instantly see what they are looking for on their "landing page," they jump to another site. They often jump when precisely what they are looking for is here but on another page (for example, we have two pages, a tutorial, and a product offering that deal with stop losses). The search word combination a visitor uses may simply connect to the wrong page. If you don't see what you want, it could be well worth the time it would take to check our Index before jumping. . The Human Brain Scans Faster, Better, More Efficiently Most Web site scanners are really "filters." With them, you can enter certain parameters and get a list of stocks that satisfy the parameters you specify. This can be very useful, but they have their limitations. The problem is that the scanning parameters you have to work with cannot really "tell" the system precisely what you are seeking. For example, how do you tell it that you want a list of stocks that have been in a consolidation pattern for at least 4 months and that have just had a breakout through overhead resistance on a surge in volume that is greater than the 50-day moving average of the volume, or to generate a list of stocks that are surging in price and volume after a "bounce" off a rapidly rising 50-day moving average, or to list the stocks with closing prices that have penetrated a Bollinger Band AFTER a Bollinger Band "squeeze" of several weeks. You can identify these patterns in seconds by glancing at a chart. This "scanner" enables a person to easily track a large number of charts and monitor their evolving setup patterns. We know of no other place on the Internet where you can so easily scan this many stocks. Top traders scan the same large list of stocks daily because that enables them to get familiar with the "normal" behavior of each stock and because regular monitoring of the same stocks enables them to be "on top" of a developing pattern. Instead of chasing after "story" stocks in the news or stocks touted by some "guru," they monitor an unchanging list of stocks and wait for the development of good setup patterns. In other words, they simply wait for stocks to show a "come and get me" pattern. This results in much better timing of entry points. You may say to yourself, "why would I want to track the specific stocks you cover here? Wouldn't it be better if I looked for stocks that are about to move or that are moving?" The answer to this is "maybe not." That can be like chasing a rabbit. All stocks cycle. Nearly all stocks rapidly accelerate at times. Forget about stock hunting until you have the know-how and wherewithal to do it quickly and efficiently. If you subscribe to StockAlerts, the answer would be "yes." That's because it screens thousands of stocks for any of 6 probable setups (10 if you count the downside alerts). The setups are more complete than what you normally find on the Internet, and lists of the specific stocks you should review are provided. That means you do not have to scrounge around looking for stocks that have completed or nearly completed a setup. StockAletrts does that for you. Even the list of 120 stocks provided here may not be large enough to provide good candidates whenever you need them. Empty spots in a portfolio are non-performing, and they can significantly "damage" the annual return of an otherwise high-performance strategy. Most watch lists have many stocks that are not currently in a "setup" configuration. StockAlerts can help a person build a watch list of stocks "on the verge." In other words, it "feeds" the watch list with likely candidates. It scans a large number of stocks, saves considerable time, and adds discipline to the search for candidates. Top traders usually develop a large watch list. Then, they quietly monitor their watch list while waiting for good entry points.For this list, we chose 120 stocks from among the most important or interesting stocks covered in The Valuator. The most important sectors of the U.S. economy are also represented in this list. Therefore, a scan of these stocks should also give you some sense about which market sectors are strong or declining. Check The Valuator for valuation studies and technical alerts. The top left corner of each chart shows the symbol of the stock. To the right of the symbol, you will find the open, high, low and part of the close for the last price bar (in that order). The final number is supposed to be the change in price since the last chart entry but it is rarely visible (compressing the charts for posting here squeezes out some of the text above the chart but it does not eliminate any price bars in the chart itself). Even the closing price may be squeezed out at the top of the chart. Therefore, it is calculated to several decimal places and inserted in the scale on the right of the chart. The charts show a little more than nine months of price action and each price bar represents two days of activity. The charts show the 50-day moving average of the stock’s price (dark red line) and the 50-day moving average of its volume (the blue line that crosses the volume bars). They also show Bollinger Bands computed at 2 standard deviations (light blue). The Bollinger Bands (20-day, 2 standard deviations) are light blue to keep the charts from getting too cluttered. Darker bands also tended to obscure too much of the price action at times. Scan the table every day. The table gives the percent price change (in dark blue) and volume change since the previous day. It also gives the 12-day momentum so you can see which stocks have been making the most progress during the last 12 days (we extended this to 12 days from the previous five days, but we'll change back if enough visitors express a preference for 5-day figures). The 12-day figures are probably more significant in their meaning for most people. The table lists the stocks according to the magnitude of their price-change since the previous market day. Since the charts and the table are updated every day, you should be able to be "on the spot" when a breakout occurs or when a setup or "pattern of interest" evolves. The table data changes rapidly. Therefore, you should make a written list of stocks that interest you each day and record the page where you can find it. A stock that surges today may be quiet or "resting" tomorrow. If so, it may not appear on tomorrow’s list even though it still bears watching (the chart will be shown even if the stock is not active enough on a particular day to be listed in the table below). Each day scan the charts once to review the stocks you have on your list. Then review the table and charts to see if there are others you want to add to your list. Following this daily procedure, you should be able to create an effective "watch list" over time. Remember to put stocks of interest in perspective by reviewing them with charts that cover 3 or more years. Doing so may uncover nearby resistance that does not appear on a 9-month chart.Because of the number of stocks displayed here, there will almost always be a stock that is nearing a good buying or selling point in its pattern or that is a candidate for inclusion in a "watch list" because it has developed a "setup pattern" that suggests a significant move is likely to take place soon. This list should be long enough to be worth a daily review by swing traders, intermediate-term traders, and long-term investors. The most active short-term traders should monitor a list of at least 300 stocks in order to have a ready supply of stocks that have completed a "set up" (in order to replace quickly those that have just been sold). If there are not enough ideas here to satisfy your needs, perhaps you should think seriously about subscribing to StockAlerts. A significant move often begins with a price and volume surge. In your scan, try to determine whether the stock has just broken through all nearby overhead resistance. Also note its behavior relative to its 50-day average. Pay particular attention to volume spikes above the 50-day average of the volume. The tutorials should give you many more points of interest to observe while scanning.
. Charts
10 Price and Volume Surges
Below is a list of the 120 stocks for which charts are provided above, minus the 40 stocks that did not move much in either direction. They are ranked according to percent change or "Surge" data for the day. The percent volume change for the day is also provided for each stock. We consider extreme changes in either direction to be "surges." Look for a volume surge to validate the price surge (a price surge of 2% on a 50% decrease in volume is not very promising). A price surge accompanied by a significant increase in volume is definitely worth a careful inspection. So you can find the chart of a particular stock quickly, we have divided the charts into "pages" numbered 1 to 10. Each page has 12 charts. Each stock below is identified by its name, symbol, and page. This procedure was adopted because our ranking of the stocks according to price change means the list below is not in the same order as that of the charts. However, with this system, it will be easy to find the chart of any stock. Look at the bottom of the list (below the blue bar) to find stocks that have had the most negative price movement.
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