How to find shorts using Telechart

After a multi week rally in which the Nasdaq 100 made a 18% move from February low, in last few weeks we are witnessing some good selling. Many stocks which were leading this market are now having a correction or a pullback.

If you are looking for shorts using Telechart ....
At this stage if you want to look for short opportunities then there are many ways you can look at stocks which were lagging the market and look for shorts in them. You can look at stocks which rallied a lot during this bull phase and which are just starting to breakdown.

How to find strong stocks now breaking down using Telechart ......

To find stocks which were rallying and now breaking down you can create the following easyscan:

Watchlist= common stocks
Liquidity condition: pcf= MINV3.1 >= 1000=true
Price % change 6 month= rank 75 plus
Price % change one month = rank 1 to 25
Price per share>7

The Telechart scan will give you 88 possible short ideas .....

If you run the scan today you will get 88 stocks . These are the stocks which you can watch for possible shorts on a rally in shorter time period.

AEL

ALGT

AMD

AMLN

AMR

ANR

ARUN

BEAV

BGS

BUCY

CAAS

CAGC

CCME

CENX

CLF

CLNE

CNH

CODI

CPA

CSFL

CTEL

DAL

EAT

ETH

EXXI

FBR

FINL

FNSR

FSIN

GNW

GPRE

GSIC

HGSI

HNT

HUN

HUSA

INCY

ITMN

IVN

JAZZ

LMIA

LOPE

LULU

MGLN

MITI

MMR

MNTA

MTG

MTL

MYL

NAK

NEWP

NKTR

OEH

ORB

OSIP

PAC

PAY

PCX

PFCB

PHH

RCNI

RDN

RDWR

REGN

RGC

RICK

SEED

SFD

SFLY

SGI

SMCI

SOMX

SPR

TCK

TIE

TSTC

TWTC

VLTR

VPHM

WLT

WOR

WRLD

ZUMZ

What kind of stocks will this Telechart scan find .....

Not all of them might be good opportunities. But if you wait for right opportunities then some of them might setup in next couple of weeks.

WLT: Walter Energy Incorporated

X: US steel Corp

HGSI: Human Genome Sciences

The scan output if you sort by Sub sector also tells you which sectors are having the largest number of breakdowns. For example metal stocks, biotech stocks, and airlines stocks are showing up at this stage in the scan.

How to find weak stocks under performing the market using Telechart ....

Using similar logic if you want to find weak stocks that were under performing the rally during the last six months but that had a rally in last one month then you can find them easily. To do that create a following easyscan in Telechart.

Watchlist= common stocks
Liquidity condition= pcf= MINV3.1 >= 1000=true
Price % change six month= rank 1 to 25
Price % change one month= rank 75 plus
Price per share>7

This scan will give you 32 possible short ideas as of today .....

AEM

ARD

ATAC

BCRX

BOOM

CDE

CHU

DCP

FSLR

GME

HLX

HOS

HOTT

HURN

IOSP

JRCC

KBW

KLAC

LAD

MXWL

NBR

NRG

ORA

STEC

SUSS

TBSI

TNS

TTWO

WFT

WTI

XNPT

What kind of stocks will you find in this Telechart scan ......

ORA: Ormat Technologies Inc

How to get the maximum out of your Telechart

There are many more ways you can use Telechart to find both long and short ideas. Many people who subscribe to Telechart are not fully aware of how they can use it to find profitable trade ideas. Many times people have a trading idea but they do not know how to convert it in to a Telechart PCF or a Telechart Easyscan.

Many beginner traders struggle trying to put together trading method using Telechart. On the members site for last couple of weeks I have been running a daily series of posts on various ways in which one can use the Telechart scanning capacities to find profitable ideas. Every day a scan problem is posted and members try and arrive at solution to it and next day the solution to the scan problem is provided.

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