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04/07/2017 No stocks found, scan found 179 candidates

04/07/2017 No stocks found, scan found 179 candidates

Postby Cobra » Fri Apr 07, 2017 4:20 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.

179 candidates today is not an OK number since the market is not far away from all time high which should easily yield near 400 candidates in the past. The 208 last week and 179 this week, to me, says one thing: The rally was not broad based therefore suspicious.

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