Strongest and Weakest Dow Jones Stocks on May 19 Volatile Session

May 19, 2015: 3:20 PM CST

Let’s dig a little deeper to find which stocks are participating with today’s spastic trend in money flow (or short-squeeze bearish stop-losses) and focus on the leading stocks (and avoid the laggards).

The Grid below helps us pinpoint Dow Jones leaders and laggards for possible opportunities:

The scan above is created with Trade-Ideas, a service I highly, highly recommend for active intraday traders.

I’ll be posting more scans and ideas from them as I’m thrilled by the capabilities of the software and the myriad of options you can scan – all customized to your personal trading style and aggression level.

With all the numbers and colors above, let’s focus all of our attention on the Green and Red bars in the middle.

This is a formula in Trade-Ideas which shows the position in a stock’s daily range – that’s often a better visual marker than simple ranking by percentage up or down on the session.

Plus, we can sort all 30 Dow stocks by the percentage within their intraday range.

We’re most interested at stocks at the top of their range (and the bottom for relative weakness) which would mean McDonald’s (MCD), Du Pont (DD), Verizon (VZ), and IBM are today’s range strength leaders.

They’re currently trading at the highs of the day as indicated by being near the 100% level of their intraday range.

In simplest terms, these are the strongest Dow stocks within their intraday range.

On the flip-side, the three weakest stocks in the Dow today were Home Depot (HD), Chevron (CVX), and down-gapper Wal-Mart (WMT)

This visual software tool helps us narrow down the whole market into candidates to find trade set-ups easier.

Be sure to check out this special video from my colleague and friend John Carter on a new strategy for screening and buying stocks poised for big breakout movements thanks to Hedge Fund activities – it’s a good idea I had not studied previously.

Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).

2 Comments

2 Responses to “Strongest and Weakest Dow Jones Stocks on May 19 Volatile Session”

  1. pramod baviskar Says:

    look like volatility kicking in before major correction ???

  2. Charting the 3 Weakest Stocks in the Dow Right Now | Afraid to Trade.com Blog Says:

    […] May 19 Strongest and Weakest Stock Scan (surprise – Wal-Mart was among the weakest) […]