The scan engine has created some terrific lists for us to review.
Now we need to narrow our focus on which stocks we would like to buy. For everyone, there is a different right stock. Some like to buy pullbacks, some like stock volatility to flatten out (narrowing Bollinger Bands), some like to buy breakouts. Some like to trade with options, some like to buy stocks for the dividends. There is no right method. It is what works for you. The SCTR is going to give you a list of strong stocks. You will need to visually scan to see what works for you.
In the last chapter, I mentioned a weekend scan. Just looking for stocks between 75- 81 SCTR score.
So run your 6020 scan to get the stocks with an SCTR > 75.
From there, we want to run this weekend scan. Just show me stocks with the SCTR greater than 75 and less than 81. My sweet spot. You can pick whatever variables you want.
This is the scan. These are my lines of code. Your favorites list number will be different. For more on that, read some of the previous chapters again to keep this brief.
[favorites list is 8] // 6020 SCTR GREATER THAN 75 SCAN
and [SCTR >75] and [SCTR < 81]
So we run this scan, and we get a list. This morning, before the market opened (so Tuesday close) is what the results are based on. This result list looks like this. A total of 59. I replace the 6021 chart list.