36 stock with momentum for Friday

The list of top momentum stocks is dynamic, it changes daily as stocks relative ranking changes. When market undergoes correction there are often rapid changes in the list. Momentum favorites reverse or undergo correction and new stocks enter momentum phase. Many stocks will not reverse instead they will go in sideways patterns or form a range. When the selling in general market subsides then the stocks bounce back. That is when you get best opportunities in momentum stocks.

If you are primarily looking to buy a pullback, then one of the variation you can use is to use a 6 month momentum list with one month offset. Which means you look at stocks which were ranked top 2 or 3% a month ago by 6 month momentum. To do that in Telechart you can use a simple scan like (C21 / AVGC126.21) and then take top 2 or 3% ranked stocks by it. What it will give you is stocks which were momentum favorite 21 days ago. Some of them might have reversed , but many of them will be in orderly pullback. They are ideal buy candidates on breakout.

Same scan can be used to find shorts. If you look at the bottom ranked stocks in the scan, they are the stocks which were weakest stocks in last one month and some of them might be having small counter trend rallies currently which can be good low risk short entry points.

If you understand how momentum works and the core concept behind momentum, then you can slice and dice it in many ways.

Top stocks by 6 month momentum:

CAAS

CATM

CYD

DAN

EWBC

FSYS

HEAT

HGSI

HOLI

KFN

KGN

LNY

MED

NANO

NLST

OPTT

PAP

REV

RINO

RURL

SALM

SCSS

SMTL

SNIC

SVM

THM

TMI

TRGT

TSTC

UFS

USEG

XRTX

ZOOM

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

6 comments:

Kp said...: dear pradeep.
i had read a lot about momentum at your blog,
i want to learn how to tap momentum.
can u pls guide me how to learn more about same.
i m trading indian index futures and mainly writing indian index(nifty) options.

i would be happy if u can suggest any good book about momentum.

thanx.
-kalpen; Nov 20, 2009, 8:30:00 AM
Pradeep Bonde said...: There are no books which exclusively deal with momentum.; Nov 20, 2009, 8:58:00 AM
Kp said...: thanx very much 4 ur quick reply.

if no books r there,
than can u pls guide me how to tap momentum and how learn more about it?

thanx.; Nov 20, 2009, 9:10:00 AM
Pradeep Bonde said...: Research academic articles. Research the internet. Use your own understanding of it.; Nov 20, 2009, 9:24:00 AM
Unknown said...: Mr kalpen,

momentum is a very broad topic, much like investing is, i'd consider it a sub-genre of investing.

there are a great many definitions for momentum.

for me, if you trade based on momentum, you are probably talking about a swing trade or a day trade where you take advantage of a minor pause and jump in as soon as there is unusual volume or price action.

the trick to make a large fortune is to "get in" as soon as the trend (momentum) starts. or to short as soon as the trend ends.

if you are new to investing might i suggest reading stockbees old entries.

regards; Nov 20, 2009, 10:01:00 AM
Kp said...: thanx mr.pradeep & thanx mr. basim; Nov 20, 2009, 10:44:00 AM

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