Traditional HotScans Strategies

Strategy
(click to run)
Time
    to Trade    
Description
(click for detailed description)
Rally Now / Opening 9:30-10:00 Stocks moving higher from their opening price on big volume
Rally Now - Preset Scan All Day HotScans' default Rally Now scan - biggest movers up intraday
Rally Now - Advanced All Day Stocks with good momentum today that are moving now (5 min.)
Rally Now - Last Hour After 3:00 Strong stocks rallying to the close and into the next open
Intraday Reversal Up After 10:00 Today's strong stocks that have corrected and now heading higher
Dead Cat Bounce ( < $30) After 10:00 Stocks rallying after a big intraday decline
Dead Cat Bounce ($30 +) After 10:00 Stocks rallying after a big intraday decline
Industry Group Leaders All Day Stocks in a strong group moving higher on good volume now (5 min.)
Low Priced ($1-$5) All Day Stocks between $1-$5 moving up on big volume
Under $1 All Day Stocks under $1 moving up on big volume
Falling Now/Opening 9:30-10:00 Stocks moving lower from their opening price on big volume
Falling Now - Preset Scan All Day HotScans' default Falling Now scan - biggest movers down intraday
Falling Now - Advanced All Day Stock with strong downward momentum today moving lower now
Falling Now - Last Hour After 3:00 Weak stock selling off into the close and the next day's open
Intraday Reversal Down After 10:00 Today's weak stocks that have corrected and now heading lower
Rally Blow Off After 10:00 Stock ripe for a fall after running up too fast


Detailed Strategy Descriptions


Rally Now / Opening     Type: Long Time to use: 9:30-10:00

This strategy is designed to be used in the first few minutes of trading (up to the first half hour) to find stocks that have traded higher than its opening price with very high volume (greater than 400% increase). This is very effective strategy for finding highly volatile situations that have potential for explosive directional moves. A key feature of this strategy is that it will find stocks that have opened lower on big volume but are currently trading above their opening price. Included in this scan are stocks that have gapped higher on huge volume. This is a scan many professional floor traders use.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Rally Now - "Preset Scan"     Type: Long Time to use: All Day

This basic scan will find stocks that have rallied the most over the pre-selected 5 minute time interval. This is a basic method for finding stocks with upward momentum. You can change the time period to as much as 90 minutes or since the open.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Rally Now - Advanced Type: Long Time to use: All Day

This strategy finds stocks that are currently trading up (last 5 minutes) on strong volume, and are having a strong overall day as well. This scan refines the basic Rally Now preset by adding a volume filter of 250% to the scan along with the preset price filter of any stock that is up in the last five minutes. Additionally, this scan requires the day to be up and the entire day’s volume to be 25% above normal.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Rally Now - Last Hour Type: Long; potential swing trades Time to use: After 3:00

This scan identifies the strongest stocks for the day and into the final hour of trading. By using this strategy HotScans users will find the strongest price and volume performers in the last hour of trading, as well as filtering for good overall daily performance. The stock must be up 5% for the day on better than normal volume, while exhibiting at least 1% positive price movement on a 125% increase in volume for the last 60 minutes. This strategy is excellent for swing traders or for day traders looking for stocks to take home overnight that could have strong follow through or volatility the following day.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Intraday Reversal Up Type: Long Time to use: Any Time After 10:00

This strategy highlights the power of HotScans by allowing the user to find stocks during the trading day that have been flat or down in one time frame and are now reversing upward with an increase in volume. Our presets for this scan have been set up to find stocks that are up on the day with better than normal volume, but have been down for the last twenty minutes and now have an increase in both price and volume in the last 5 minutes. This strategy can be used to identify potential flag breakouts.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Dead Cat Bounce Type: Long Time to use: Any Time After 10:00

This scan will find stocks that are down sharply for the day (at least 5 %) on much better the average volume (125 %) and have been falling for the last 20 minutes, but are currently rallying in the last five minutes on good volume. We have two links below for this product, one for stocks between the price of $10 to $30, and another for $30 and above. The $30 and above requires the price to be down only 3%. This scan can work in finding stocks that are potentially oversold and prime for a quick rally. Warning--Dead Cat bounces that fail can lead to significant pain when they fail. Remember to use stops, as some cats only bounce a little, especially if they are on their last lives.

[Run $10-$30 Scan Now]        [Run $10-$30 Scan; show Advanced Filters]
[Run Over $30 Scan Now]        [Run Over $30 Scan; show Advanced Filters] [Return to Top]


Industry Group & Sector Leaders Type: Long Time to use: All Day

This scan allows HotScans users to track the price performance of specific stocks within certain Industry Groups or Sectors. The most effective use of this scan is to use our other product full MarketGauge to find the leading Industry Groups for the day and filter for stocks within those groups. Another method is to take advantage of our free home page www.marketgauge.com and find leading groups over the past three months and scan stocks in those groups. At the time this was written, the leading group was Gold/Silver, so we will use this group as our sample preset. You can change the group filter using the "Customize Basic Filter Criteria" control at the bottom of every scan. This scan is setup to look for stocks that have rallied in the last five minutes on 125% greater than normal volume, and are up for the day on better than average volume. The concept of this scan is to find the leading stocks in a leading group, and find new intraday surges in momentum.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Low Priced & Penny Stocks Type: Long Time to use: All Day

Penny stock trading is a specialty and many professionals make trading these babies their specialty. Also, many newcomers to trading often trade these stocks because of limited capital. This offers some potential benefits as large positions are possible with small accounts of capital, and there is always the possibility of buying a low-priced stock on the verge of becoming the next Microsoft (or at least being bought by them). However, these benefits are offset by the how they got that way (very low priced). So, if your appetite for trading includes low-priced or penny stocks HotScans has a perfect way to track them. This scan has two links below for stocks trading between $1.00 and $5.00, and stocks below $1.00, with 100% greater than average volume.

[Run $1-$5 Scan Now]        [Run $1-$5 Scan; show Advanced Filters]  
[Run Under $1 Scan Now]        [Run Under $1 Scan; show Advanced Filters] [Return to Top]




Falling Now/Opening Type: Short Time to use: 9:30-10:00

This strategy is designed to be used in the first few minutes of trading (up to the first half hour) to find stocks that have traded with very high volume (greater than 400% increase) and are trading below their opening price. This is very effective strategy for finding highly volatile situations that have potential for explosive directional moves. A key feature of this strategy is that it will find stocks that have opened higher on big volume but are currently trading below their opening price. It will also find stocks that have opened higher with large volume and moving down from its opening price. Included in this scan are stocks that have gapped higher on huge volume. This is a scan many professional floor traders use.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Falling Now - Preset Scan Type: Short Time to use: All Day

This basic scan will find stocks that have fallen the most over the pre-selected 5 minute time interval. This is a basic method for finding stocks with downward momentum. You can change the time period to as much as 90 minutes, or since the open.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Falling Now - Advanced Type: Short Time to use: All Day

This strategy refines the basic Falling Now preset by adding a volume filter of 250% to the scan, along with the preset price filter of any stock that is down in the last five minutes. Additionally, this scan requires the day to be down and the entire day’s volume to be 25% above normal. By using this scan users will find stocks that are currently trading down on strong volume, and are having a weak overall day as well.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Falling Now - Last Hour Type: Short; potential swing trades Time to use: After 3:00

This scan identifies the weakest stocks for the day and into the final hour of trading. By using this strategy HotScans users will find the weakest price and volume performers in the last hour of trading, as well as filtering for poor overall daily performance. For this scan, the stock must also be down at least 5% for the day on better than normal volume, while exhibiting at negative price movement on a 125% increase in volume for the last 60 minutes. This strategy is excellent for swing traders or for day traders looking for stocks that could have strong follow through or volatility the following day.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Intraday Reversal Down Type: Short Time to use: After 10:00

This strategy highlights the power of HotScans by allowing the user to find stocks during the trading day that have been flat or up in the Previous time frame and are now reversing downward with an increase in volume. Our presets for this scan have been set up to find stocks that are down on the day with better than normal volume, but have been up for the last twenty minutes and now have a decrease in both price and an increase in volume in the last 5 minutes. This strategy can be used to identify potential flag breakdowns.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


Rally Blow Off Type: Short Time to use: After 10:00

This scan will find stocks that are up sharply (5%) for the day on much better the average volume (125%) and have been rallying for the last 20 minutes, but are currently falling in the last five minutes on good volume. This scan can work in finding stocks that are potentially overbought and prime for a large fall.

[Run Scan Now]        [Run Scan; show Advanced Filters] [Return to Top]


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