You will notice a lot of sweet setups on short ETFs in this weeks stock screener.
This stock screener scans the entire market and finds the best stocks the market has to offer. It scans all the major indices including pink sheets, OTCBB, and even ETFs.
The stock screener uses three moving averages and looks for bullish moving average crossovers: a.k.a. The Alligator Method because it resembles the jaws of an alligator opening up.
You will see a few of the same stocks this week that you saw last week. This means that its still a great entry at the current level.
We are killing this market right now with only 2 stocks posted on the weekend stock screener scan since 5/19/12 in the red. That’s 47 stocks up (some stocks were posted twice), and only 2 down. That’s an incredible accuracy rate of 96%!! It’s even more incredible when you consider that most traders are down in their positions since 5/19/12 due to the huge sell off in the market. I truly believe this weekend stock screener finds the best stocks the market has to offer.
This stock screener is also helpful because it shows you entire sectors that are moving and when you see a common theme, it means huge amounts of money are rotating into that sector. This week, we see short ETFs and bond ETFs having huge inflows of money and beautiful setups.
The purpose of this stock screener is to cut down on the time you need to spend each weekend researching potential stock picks for the following week. Twenty or so stocks are posted with easy clickable links to Yahoo Finance for your additional research.
This spreadsheet updates in real-time and will keep track of the performance for about 1 month before they will be removed.
Song: Riding the Trend
Album: Wall Street – Working On the Edge
Artist: Lance Jepsen
Available on iTunes now at http://itunes.apple.com/us/album/wall-street-working-on-edge/id529290850