Using Scans to Test Market Activity

Using Scans to Test Market Activity

Sep 19, 2007

We still have Dan in Hawaii running a half marathon (we’ll need some proof!) and hanging out, but it’s been too long a break and the markets decided to do something this week.

Let’s look at the market activity through a Trade-Ideas lens that features many of our free customizable scans and develop some different themes:

Activity: All major indexes were UP (above 2.5%) and market volume UP (above 38%). The Nasdaq was UP 4 of the last 10 days, DOWN 5, FLAT 1.

The Momentum Up Theme posits that there may be stocks that were up ahead of the Fed announcements and are continuing their upward movement.

Relevant Trade-Ideas scan: 4 Consecutive Up Days

You could make the case for Momemtum Down. The thinking here is that certain stocks are down the last few days and, despite the Fed cuts, still remain down with no up in sight.

Relevant Trade-Ideas scan: 4 Consecutive Down Days

There’s more you can create from the custom scan options available. Remember these scans showcase our End of Day data. They are update daily around 3 am EST.