Every momentum-based trading strategy is based on relative strength. One of the most famous strategies, IBD's "CanSlim" strategy, relies heavily on relative strength. Not only does the "L" mean to choose leading over lagging stocks, but every factor is also a factor that ultimately leads to relative strength.
Swing Trade Report members hear me talk about relative strength almost every day for one simple reason. Stocks leading the market tend to continue to lead until there is a major reason not to lead anymore. Thus, the odds are in our favor that the stock that has beaten the market and its peers will continue to do so.
There are many ways to find relative strength stocks. Some are extremely complicated. Anybody who knows me well knows I do not like to complicate things. Sure I can spend an extra hour and maybe squeeze out an extra .5% edge. Therefore, I'd rather literally take only one minute to find my relative strength stocks, and spend the extra time fine-tuning other trading ideas.
In today's video, I show you exactly how to quickly find relative strength stocks. By using this simple scanning technique, you will easily create a watchlist of the best stocks in the market to trade.
So watch, learn and put this strategy into practice.
Remember members of the swing service get all of these trade alerts intraday in real time.
This swing trading service is great for those that work and can't monitor the computer all day. We have in-depth nightly reports on the game plan for the day/week and all stock picks that I trade will be alerted and emailed to you.