MOMO Stocks 12/11/2009 | Bulls on Wall Street

MOMO Stocks 12/11/2009

AIXG AMD APWR BEXP CAAS CATM CMFO CYD CYTX DAN DSW EWBC FMCN GOL GPRE GSIT GY HGSI HL HPJ IO IOC   KMGB KNDI LIWA MED NABI NANO NEP NLST  REV  SEED SNIC THM TMI TRIT TRGT TSTC TTM UAUA VISN UFS

 

 I run scans all the time.  Here is a scan I run to find find momentum stocks.  The list is dynamic as 1 dip in the market  can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.

This is a great place if your a swingtrader for a watchlist.  If you see the stocks many of them share the same characteristics.  Lots are low float, chinese etc.  But they have behaved differently the last week.  So there are different setups in this group. Some are flagging, some are pulling back to support, and others are in the process of breaking out again!

How to use this list?

 Highlight the tickers.  Paste them into finviz.  All the charts will show up on 1 page with all their fundamental data and news! That easy people.  Then narrow it down to what interests you and voila

http://bit.ly/7prj09 

One thing I like to track is the changes in this list.  New additions and also stocks that stay.  The stocks that keep showing up on this list are showing continuous strength.  That is a plus and something that should be watched closely.  Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe.

What do you notice? Lots of chinese stocks also lot of low float plays.  So that is what I focus my list on first. Also new additions. See NEP showed up for the first time. So this is a stock if im a trader I watch closely as it probably is ready to btfo.

If you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $gsit $nep $tmi etc.  I will play them till the momo is over.
 
 Here are some favs
 
$ttm
See the low volume consolidation? That is good! It could break anyday
 

 

 Im trading $gsit a little different. I have a smallcore  pos and then Im scalping back and forth a 1/2 pos as it continues back towards its highs.
 
 $tmi you know the story we have been talking about it since the 8s. Now its technically setting up also.
 
$visn Same stock as $tmi the fundies are not as good but it is much more liquid.  This should follow $fmcn. Lot of traders in twitterland are watching this which should give it some liquidity and a little extra juice.
 
 
 
 
 
 
 
 
 

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