A series introduction on Thematic Momentum Trading by defining key concepts! Starting with "Relative Strength" and how understanding it is foundational to momentum trading!
I use FinViz and go through stocks that have gained on a 1/3/6 month basis. And scan through tickers. Then compare what tickers are holding relative strength compared to the index. FinViz lets you sort by Mc and adr.
In future posts I’ll do a breakdown of what I like to do. But honestly I try to keep a wide range for filtering and then if there are too many for me to go through I’ll filter down by more volume or more volatility or price! Just my personal preference but everyone has their own way of doing it!
how do you approach scanning for high RS stocks? Any scan criteria you use?
I use FinViz and go through stocks that have gained on a 1/3/6 month basis. And scan through tickers. Then compare what tickers are holding relative strength compared to the index. FinViz lets you sort by Mc and adr.
In future posts I’ll do a breakdown of what I like to do. But honestly I try to keep a wide range for filtering and then if there are too many for me to go through I’ll filter down by more volume or more volatility or price! Just my personal preference but everyone has their own way of doing it!