I scan primarily for stocks with a combination of positive price momentum as measured by the Relative Strength Index (RSI) and positive money flow momentum as suggested by the Chaikin Oscillator. You can scroll through the “Chart School Technical Indicator” section of Stockcharts.com for information on these two indicators. Then from that list I drill down and pick out stocks with strong positive candles that appear to be moving out or preparing to move out of consolidation or base patterns. These are usually safe and profitable trading candidates.
However, the price action over the last week has been erratic to say the least. So use caution when trading, keep stops tight, and follow your discipline.
Here are some candidates for Monday:
