I talked about strategy a bit on this morning’s show. I mentioned how I use a scan in ToS to help locate potential setups.
As you know I like to look at the stocks that are crossing above the 9-ema on the Daily chart, and the 17/43 60-min timeframe scan does a good job of identifying stocks that are doing that – only intraday.
Keep in mind that dozens of stocks will have a 9-ema or 17/43 cross, but only a few select ones will “have the right look”.
Here’s a screenshot of the scan so you can set it up yourself on your platform. Click for full-size.