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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:
