As we recently updated the filter in Stockmonitor.com to enable chart view for the stocks it finds, we have now also updated the free public filter tool too. So now whenever you run a quick scan of the market, each stock it picks can be seen in a mini chart with the indicator of the filter included. For instance, here is a small chart from running "Price crossed above 50 MA" … [Read more...]
Relative Strength Index Matters And THIS Is Why You Should Use It
As a trader your first job is to identify momentum opportunities. There's no point trading a stock that is stuck in a tight range or with very little movement going on. One of the easiest ways to identify a stock that is gaining momentum is to watch the relative strength index (RSI) indicator. RSI is a calculation based around the average closes up and down over a given … [Read more...]
You’re A Gap Trader – Want To Find Some Stocks?
There are typically 4 types of gaps which happen on stocks, from a technical perspective. All of them can be traded in some way, shape or form. Each have their own characteristics and knowing them can help you trade the moves, but one thing they all have in common is; they all start with a single gap. We recently added a new feature to our stock filter which allows you to … [Read more...]
So You Want To Find Stocks That Make Money?
Why do some traders make lots of easy money from the stocks they pick- while lots of stocks you invest in give up their gains, lose momentum and even crash? What if there was a way to pick stocks regularly with better profit potential, leading to fewer losing trades and much healthier profits? The fact is, successful stocks usually have 3 things in common, and in this … [Read more...]
Update To The Stocks With Volume Our Filter Picked
Just a short update today. In my last post I ran through a full demo of how to use our filter tool to pick out stocks to watch, that are trading with unusual volume levels. I added BBY and OSK to a watch list, and since then both stocks have made some positive signs in the charts. Firstly BBY (Best Buy) was picked by our filter after a couple of days of unusual volume. That … [Read more...]