A fun fact for TheoTraders - real volatility in the market is now at an historic low. Never before has the market seen less movement and today was no different with the indexes moving 0%. In a market like this you need to look at specific stocks for set ups. Tonight I'll share with you my contrarian scan. Here's the thinkorswim shared link:
The scan has produced 4 candidates for us. My favorite stock on the list to setup a short trade is FB. Let's take a look at why from a statistical and technical perspective. For those of you who need to review our TheoTrade indicators go here to get them for free and watch how to use them:
2 Comments
Doug
September 8, 2016r2=134.42
r1=119.54
Doug
September 8, 2016it hasn't stayed below the monthly 8 ema in over 2.5 years possible to below 113.08 to even 95.77 but it would have to have over 1 bill volume in one month.