What to look for in current conditions on long side
When markets and stocks undergo corrections like we are witnessing , you will at some stage see bottoming attempt. These kind of action dominates near lows for correction or lows for stocks or sectors.
See these examples from our 20% plus winner scan:
All these stock show up in 4% breakout or dollar breakout scans.
While selecting stocks from the scans I look for the one down most or one with highest downside momentum.
BA was another stocks like NFLX where I anticipated a bounce and it worked out well.
As market phase changes you have to change your tactics.
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