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MOMO stocks 1/20/2009

Tags: MOMO stocks
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 APL ASYS BIOF BUCY CAAS CAGC CENX CMFO CNC CSKI CTEL CYD CYTX DAN EXXI F GKK GOL GPRE GSI HPJ KFN NEP NVMI ONP OSIS PEIX PHMD REV RXII SEED SHE SMOD SNIC SORL SPU TSL TSTC UAUA WSII XRA XTEX
 
 
I run scans all the time.  Here is a scan I run to find find momentum stocks.  The list is dynamic as 1 dip in the market  can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.

 

 

This is a great place if your a swingtrader for a watchlist.  If you see the stocks many of them share the same characteristics.  Lot of alt- plays, ethanol, biodiesel.  This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable   So there are different setups in this group.

 

How to use this list?

 

 Highlight the tickers.  Paste them into finviz.  All the charts will show up on 1 page with all their fundamental data and news! That easy people.  Then narrow it down to what interests you and voila. This list is very powerful.


http://bit.ly/8LUPYT

 

Few days ago? $asys it was huge. Everyday something will breakout on this watchlist. It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaks

 

 

One thing I like to track is the changes in this list.  New additions and also stocks that stay.  The stocks that keep showing up on this list are showing continuous strength.   That is a plus and something that should be watched closely.  Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.

 

 

What do you notice? How many posts have I done on $nep ? Lots!  Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo)    So that is what I focus my list on first. Also new additions. See $spu showed up for the 1st  time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etc

 

 

If you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $sorl $exxi $spu etc.  I will play them till the momo is over.  I even take the stocks that have gotten ahead of theselves and are fading and put them on a "short list". Past few weeks I have shorted $biof $hpj numerous momo stocks

 
A lot of these stocks can be swung as they are sitting on support $rev $gol many are ready to bounce if you dont trade breakouts


 Here are some favs  that look like they are going to breakout again. $nep $nvmi $hpj $xtex $exxi  -- These stocks will mostly like breakout today or tomorrow:




Comments

@flyballoon
Jan 20 2010 4:42PM
Thanks for the MOMO stock watchlist. I continuously study everything you write so that maybe a tad of your insight and experience will rub off on me. Are these all from one scan? They have such different chart patterns. Days like today make me nervous to open new positions so it is nice to just sit back and follow you and Leigh as you work your magic!
@kunal00
Jan 20 2010 5:26PM
yeah from 1 scan...we are scanning for momemtum spread over a space in time..so the the pattern that they show from the last week can be vastly different as we are taking into account months of data
@kingbesi
Jan 20 2010 5:30PM
dude how do you look for momentum? stochastic, macd? btw this is some great work
@kunal00
Jan 20 2010 8:23PM
Hey king: momo can be played in a few ways. but some way of quantifying and then qualifying rate of change in a certain equity divided over a set period of time. MOMO is the best style of trading for large returns and one of the easiest to master: if you can filter it with earnings breakout/momo/surprises you have some huge gains.
@x_chevy
Jan 20 2010 8:48PM
What more can I say? Thanks for the watchlist and the tip on the charts.
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