"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 12 hours Why Are Investors Overlooking Gold Stocks?
  • 13 hours The App That Democratized Trading Is Now Worth $5B
  • 14 hours Super-Cycles: Why Gold Is Set For A Breakout
  • 15 hours U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 16 hours Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 17 hours How Low Can Bitcoin Go?
  • 18 hours Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 20 hours Is Barrick Gold Close To Finding A Bottom?
  • 1 day Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 2 days China: The Land Of The Ultra-Rich
  • 2 days Alibaba Soars On Reports Of China Listing
  • 2 days What Killed Toys ‘R’ Us?
  • 2 days SEC And IRS Take An Aggressive Stance On Cryptocurrencies
  • 2 days Bears And Bulls Face Off In Gold Markets
  • 2 days Bitcoin Is Winning Over The Housing Market
  • 2 days Markets Slide Sideways As Trade War Fears Linger
  • 2 days Why Aren’t Millennials Investing?
  • 3 days Bitcoin And Banking: The Next Mobile Payment Revolution
  • 3 days SEC Cracks Down On Silicon Valley’s “Disruptive Tech”
  • 3 days Wyoming Eliminates All Taxation On Gold And Silver
Why Is U.S. Wage Growth Slowing?

Why Is U.S. Wage Growth Slowing?

Markets rallied on news showing…

What Killed Toys ‘R’ Us?

What Killed Toys ‘R’ Us?

In another blow for America’s…

Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

More Info

Too Busy? A Quick Way to Find Stock Possibilities...

Today's Tip #2: Using a watch list to find stock possibilities.

There are many ways to get new stock possibility ideas. Some programs we developed will look at all the stocks in a given index and find stocks that only match multiple criteria requirements. Sometimes, these complex programs can take a very long time to run.

But sometimes, I'm really busy and want to use something quick and easy. In that case, I will sometimes look at one of the real time index-component lists we mentioned yesterday with some alterations. Below is a chart posted of yesterday's Transportation index's component stocks.

Note what I did here ... beside each stock listed, I have two columns. One shows the 5 day average volume, and the second shows the 20 day average volume. I typically sort on the 5 day volume and compare the volume to the 20 day average volume.

The theory is that if something unusual is going on, the 5 day average volume will be greater than the 20 day average volume. So, these become quick candidates to look at to see if they are worth watching, analyzing, or trading.

Next, I will pull up a chart of the stocks with noticeable volume changes and also observe their 30 day RSI (Relative Strength) reading. I marked four stocks with volume increases yesterday and marked what their RSI's were showing in the graph below. I also marked the percent volume change for each.

Let's now look at these stocks. (NOTE ... all the charts below are 90 minute charts.)

* AMR, and UPS had increases in their 5 to 20 day volumes but the increases were not substantial ... 6.88% and 2.81%. Now, look at their charts below.

Not bad ... moving up and showing up trending.

Now, let's look at the chart for GMT which had a more substantial average volume change of 25.05% with a positive RSI.

Here is its chart ... note how the stock has been having a substantial up move. See the next chart ...

Now, this last chart of OSG is different because the its Relative Strength was negative, and its volume change was 80.29%.

So, something is going on here and it is not positive like the other stocks we looked at.

Looking at OSG's chart, you can see that this stock gapped down last Friday, and was 6% lower yesterday.

... I hope this gives you some insight on a quick way to find stocks with changes worth looking at. Have a great day and we will see you tomorrow.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter