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03/03/2017 No stocks found, scan found 258 candidates

03/03/2017 No stocks found, scan found 258 candidates

Postby Cobra » Fri Mar 03, 2017 5:40 pm

The strategy is first to scan strong stocks, then I hand pick those with base and breakout patterns.

In a strong market, the scan for strong stocks should yield around 400+ stocks.

258 candidates today is not an OK number since the market made a decisive new all time high this week which should easily yield near 400 candidates in the past. The 241 last week and 258 this week, to me, says one thing: The rally was not broad based therefore suspicious.

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