The market gapped up almost 25 points on SPX and than ran more. This is one of the strongest moves I have seen in a recent history.
Here are the ETFS that had the biggest moves today.
Here are the ETFS that had the biggest moves today.
The name of the game to pick winners is Relative Strength.
What is Relative Strength?
Relative Strength is the comparison of Performance of a Stock or ETF against the performance of overall market or Market Indices.
Some of the easy way to look at the performance is to compare stock performance vs Market Performance on Strong uptrending days like today.
Similarly on a down trending day, one can look for stocks that are holding up or not selling as much as over all market index.
So use this method and focus on these strong names and you will find good winners, Out of these some will be like 200% to 300% winners.
Good Luck.
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