Effective Stock Screening and Analysis

So what I wanted to do today was just take a quick look. We're seeing a lot of companies, we're in the middle of earning season and a lot of stocks are having positive reactions. Some of them are having negative reactions as well. So I want to do a quick screen of earnings. I've shown this before. And as I always say, I don't do screens on a regular basis. It's something very rare for me to do. find my ideas by looking at individual stocks over and over again on my last master list. But what I like to do is make sure that I've got the right stocks on my list. And as I point out often, I look at fundamentals the same way that I look at technicals. I'm not interested in the chart because I like the chart and I think it's a pretty chart. And I'm not interested in the company because I think it's a good company because they have good revenues. I like their product or whatever. I'm interested in the chart because I think that based on the way it's trading, it will attract other people to the chart as well and that I can get ahead of their buying or stay away from it if they're selling. Fundamentally, I look at a stock and say, what do people want at the end of the day? They want a company. It is about earnings. And when we look at it, that's what big portfolio managers are looking for. think of all the thousands of growth stocks, growth funds out there. Well, most mutual funds fail to beat the S&P 500. That's simply a fact. But we know what they're looking for. They're looking for stocks of companies that are increasing their revenues and increasing their earnings. Those are just some of the basic things. I don't get into cash flow and PE ratio and that sort of thing. We can if we want, but let's just start with a simple screen. So on Finviz, And this is the elite version. I could log out and we'd get the same thing. First up, I wanted to point out, you know, we've been talking a little bit about LFMD and I wanted to point out on here the excellent and only free short interest display on a chart. And that's from Finviz. There is another one from, they were in my book. I forget the name of the company. I don't like theirs as much. Anyways, when you just type in a symbol, you get the chart. Click right here, short interest. And there you can see that the short interest increased a lot in here and it's been decreasing lately. It's still 17% of the float. And the short interest ratio, this is, as I like to say, it's misleading because back here in January, the average daily volume was 652,000 shares. And now we've nearly doubled that. So if we were trading on January's numbers, the short interest ratio would be 10. So instead, I think that the percentage of float, anything more than 10 is pretty high. And then when you look at it and say, well, where are they short from? You can see, for instance, they took their short position down here from and you can get the raw numbers down here. This is taken from Nasdaq.com. But anyways, you can see that the absolute number has gone from March 14th. 8 million shares to 7.4 to 6.1. So they've covered 2 million shares during this period right here. So that tells us the shorts are kind of on the run in here. And if you look at the lowest number was way back here and they added all the way in this area. So those shorts are now losing money. Anyways, it's a great way to look at the earnings. What we're doing here today though is a quick look at some stocks. So we're going to go to screener and we're going to Open this up so we can see everything. And when you look at it, there's 10,026 stocks total in the FinViz universe. No one can look at that many stocks. So what we want to do is we want to start to narrow things down. So let's just go column by column. Exchange, any, that's fine. That doesn't matter. Market cap, I don't care. Price to book, any earnings and earnings surprise. Let's make those both positive greater than zero. So now we've got 1,699 stocks. So we just got rid of 85% of the stocks. Institutional ownership, earnings date. Let's see. Let's do custom, I guess. Let's take a look at, I mean, we're only on the 9th. So let's go back from April 1st through... Today, which today I always get the date wrong. Today's the 9th. I will submit that. So now we're down to 1300 stocks. We got rid of another 200. I don't care if they gapped or anything. IPOs doesn't matter. Number of shares outstanding doesn't matter to me. 20-day simple moving average. We'll come back to that in a minute. Let's see. I'm just looking at all these. Sector doesn't matter. None of this stuff matters. Short float, let's say there's at least 10%. So now we're down to 185 stocks. That's pretty impressive. So let's actually go back to over 5% to broaden it out a little bit. Then we want to look at, you know, we ideally we want it to be, we want price above the 50-day moving average. Now we're down to 296. You know, they don't have ATR. They don't have percent ATR. So we're going to look at beta. We want it to be at least, you know, more volatile than the rest of the market. After hours price chart relative strength Optionable, I mean we could look at it and say optionable We've 208 now so that takes you know five of them out so ideally I guess we want them optionable I'm only interested in US stocks. I don't care about the rest of the world, so we just got rid of another 11 stocks We could go to Where's average we wanted above the 200-day moving average as well, so? 192 now goes down to 82 So there's only 82 stocks here. And let's do an average daily volume just to make sure we're liquid. I don't see where that is. Let me see. Average volume. Here we go. Let's say over 400 because I think they're using a 50 day. So it could be over 500 for the last 20 days. So in other words, they're using a 50 day moving average of volume. If the stock just ramped up on big volume, we want to know. that the 500,000 share might not be there over the last 50 days, but it is for the last 20 days. So we lower that a little bit. Now we're down to 66 stocks. So let's do this. Let's look at the charts. And these are awful. I hate these charts with these lines on them. So let's turn that technical analysis off. And now we just have cleaned charts. So we can look at these and say, So let's look at the weekly chart and just kind of look at things and say, you know, a couple of things to look at when we see these. ADPT, it's in a nice uptrend. That's maybe something. So, you know, what I'm going to do is I'm going to put that on my list and I'm just going to start writing a list down. ADPT doesn't mean I like it, but AMPX, it just kind of looks like a mess. AORT looks like it's coming up into prior support. If you drew a straight line across, you would see this resistance became support. Now it's maybe, you know, it's extended. I'm not interested in that one. App Lovin', we, you know, it's right up against this level. Arlo doing nothing. Atec, maybe there's something going on in there. We can take a look at that. ATRO is breaking out. We'll look at that. AVPT, Axe just kind of looks like it's stuck in the middle of a range. BCRX broke out. So that is worth noting. Let's see. BKSY, it's bouncing. BROS looks decent to me. I know it's stuck right below the anchor from the election and I think the year to date, but it's building. BTSG looks interesting. BV probably just came from 12 to 16. That's 30% into this part of support. Has the potential become resistance? Is the risk worth the reward on this? Probably not. BYRN has this prior support up in here. It's just run from 14 to 25. It's extended. So, you know, the same questions. These are the things that go through my head very quickly is where has it come from? Where does it have the potential to go? When it's rallied this strong and it has that potential supply up ahead, I'm just not interested. Cake looks somewhat interesting, so does CERT. CRNC just looks like one of these wild stocks that probably has a percent ATR of 15%, 18%. CVI could be rounding out a bottom. This is a weekly chart you've got to remember. CVI, Carvana, that's extended here. Dave, it broke out and I wouldn't trade it in here, but in the coming weeks as it pulls back and settles down, that might be worth keeping an eye on. DRVN looks like it drives high. just grinds higher rather and i would be interested in taking a closer look at that eye is breaking a nice base here so it's gone from a stage four to a stage one to a stage two pharaoh is extended but in an uptrend and maybe that gives us the opportunity in coming weeks fsly don't love it but i know that So similar type stocks have been moving. FSS, choppy name, right in this prior support after a rally from 70 to 90. No thanks. Halo breaking out. So maybe it has the opportunity. And again, these are weekly charts. HIMSS has broken out. It's extended now, but IONQ is also stuck at the year-to-date anchor and the anchor from the election, I believe. CAR is worth keeping an eye on, but those are names that go on the list. IONQ, KAR. This one has just gone from 27 to 37 to extended. LEU looks like it's all over the place. LFMD maybe, well, actually we know that one. We were just looking at it. It looks like it's making a little bit of a consolidation here that it could push higher. LUV, it just rallied in here. Um, MGNI right up against that prior band of support. MITK still showing lower highs and lower lows on the weekly timeframe. So this is probably just a spike in a downtrend that fizzles out. News, uh, nothing news worthy there. NXT, uh, ST just choppy back and forth. OPFI looks like, uh, you know, maybe there's something going on in there. It could have been a big winner. I mean, it was a big winner. It could have been earnings driven. And now we're, you know, rallying back up. It's a little extended short term, but it was to settle down maybe in the next week or two. So this is creating a master list. Oscar, just a big choppy mess in there. I don't see anything worthwhile. I don't see anything worthwhile in the host. PARA, maybe. I don't think it's an exciting business, but that's not for me to judge. The chart looks like it's making higher lows, more repeated tests of resistance. PGY, big choppy mess. Porch extended but broke out. I would consider that. I wouldn't consider this prim. It doesn't look proper. So Q2, maybe that one is breaking its downtrend. It wouldn't be likely. We'd need to see it pull back and make a higher low before we could get any real interest in it. Rivian, we already know. Some of you are along it. I bet Root. Root looks decent. So, Sezzle is broken out as well. It's extended, but if it settles down in the near term, you know, next week or two, it could be a good one. SLDP, nothing going on in there. SoFi, you know, this is like a cult stock. It just went from 9 to 14 and right into this prior band of support. It's going to need work before I'm really interested in that. STEM, it's a penny stock. Steril, it's just run 70%. SVV. It's running into supply here. If it were to pull back in the next week and a half to three weeks, four weeks and make a higher low here, then break past this. So we can look at SVV. TMDX, it's funny that we owned it right over here. I don't know if you remember that was one of the first stocks that we owned out of the bottom and it ran up to the two year anchor was our level that we were looking for it to get to. TPR, maybe if this one were to pull back and rally, it's got a good history of. being a quick runner. Upwork probably needs to settle down up in here. I would probably put it on a watch list that I look at once a week or so. US Steel just dead, doing nothing in here. Yelp, same story, dead, doing nothing in here. So we could take those stocks and let's do this. We can go down to a daily timeframe now and we could say, what stocks do we want to look at? We could look at ADPT. ATEC, ATRO, AVPT, BCRX, BROS, BSTG, CAKE, CERT, CVI, DAVE, DRIVEN, I, PHARO, THISLY, HALO, HIMS, IONIC, KAR, LFMD, OPFI, PARA, PRCH, QTWO, almost done, IVN, Root, Sezzle, SVV, TMDX, TPR, UPWK. And now we'll look at the daily charts. So now we're down to 28 stocks here. And if you wanted to in here, you could save this. I don't know how to do it. You could... You can save it as a portfolio in here. So Adaptec, look at that beautiful breakout, nice low volume pullback. I'm going to put a little bit, I'm going to put a dash next to that one. Atec looks too far extended. You know, that would have to pull back deeper. So what we're doing is we're looking for things that might be actionable in the near term. ATRO, too far extended. AVPT, too far extended. BCRX, it was extended, but it's consolidating. So. I'll put a dash next to that to consider. Bros, I will consider as well. Cake, I would consider. Cert, no. It's pulled back too deep. CVI, too extended. Dave, too extended. I, too extended. Pharaoh. Looks like that is probably a takeover stock, the way it's trading so tight like that. Fizzly, no. Halo, I'm going to put a check next to that one. Hems needs to pull back. Ionic, I'll put a... check next to that one. Cars too far extended, LFMD. I was going to say it looks good. I'm in some. OPFI looks like it's worth studying a little bit more carefully. Same with Para. Ports too far extended, maybe towards the mid to end of next week, but I'm looking at for right now. Q2, I would look at. Rivian, long sum. Root looks nice because it's... tightly consolidated in here uh sezzle extended svv extended tpr extended upwork so now what do we have we've got our list down from now 28 down to adpt brcx bros cake halo ionq lfmd opfi para Q-T-W-O-R-I-V-N, root. Okay. So we started with 10,000 stocks and now we're down to 11. It doesn't mean these are the best stocks of the 10,000 stocks out there. It means though that these recently reported better than expected sales and earnings. And when we have that, that is a good start. So we've got now these, what is this? 11 stocks. So what I'll do, is then I will switch over to TC2000. Now the problem is sometimes when I switch screens, it locks up. So this might be the end of our session here. If it is the end of our session, what I will do is I will record a quick summary of what I see on the TC2000 charts. And again, the 28 names that I have a check next to are still on my list in front of me. I'll take a picture of that and upload it if you guys want, in case you weren't taking notes. along with the dashes next to them. And the other names that don't have a dash next to them look like they'll go on my master list and what I want to look at, but they're not going to be something that I will be looking at carefully in the near term. So I've just switched over to TC2000. Oftentimes it does not switch for me. So please let me know. Can you see TC2000? TC2000. I've got TGTX up there right now. Oh, you can. Well, that's wonderful. Okay. Let's go ADPT. Let's take a look. Now it's a choppy stock. The average true range is nine and a half percent. I'm just going to talk quickly because this is what goes through my brain when I see these. I go through these probably quicker than what I'm saying because I don't slow down to talk. What we spoke about, I think, and I can see on my other screen is that the weekly chart, You know, that's what's compelling here. It's been in a steady uptrend. You know, I would probably say, you know, the five-day moving average is declining and it will be for the next two days. So I'm not as thrilled about that one. BCRX. BCRX. Now this one, let's take a look at the weekly chart over here as well. That's a nice looking weekly chart. Let's take, let's clean this up and take a look at the anchor from the all-time high, from this low. about from this high, how about from this high, how about from that peak? And so the buyers are in control. You go back 25 years, the buyers are in control in this stock. So do we want to buy it? Let's take a look at that daily chart. We had this run from six, it almost doubled. So I think it's likely that a stock like this is... you know it's been riding that rising five-day moving average they had earnings now this is the gap from the earnings and we're finding a little bit of supply near there so i'd love to see a shake out then recover, and then maybe Monday or Tuesday, Wednesday of next week, BCRX would be one of the better candidates on this list. How about BROS? BROS, as mentioned, there's the year-to-date anchor. There's the anchor from the high. I want to see this thing pull back a little bit, so maybe next week sometime. And again, we've got to remember, these are stocks that have decent charts, and they've reported better than expected earnings, so they naturally have a group of participants who are interested in these stocks based on their fundamentals. I'm not making a judgment whether Dutch Brothers makes good coffee, bad coffee. I don't care. I'm not making a judgment about how many cups they sell per day or any other fundamental factor, what the PE is. I'm looking and saying, it's having trouble with the two-day VWAP from their earnings report actually three days ago. I'd love to see it come down like this. rebuild some energy again, maybe Tuesday or Wednesday of next week. I don't want to chase these things. How about cake? Cake is nicely consolidating under here. We've got a rising 20 up through the 50, which is declining, but that 50 will be advancing in three days. My mind just automatically sees that. I don't slow down to explain it all the time, but that's what my mind sees. My mind sees we've got a rising 200-day moving average. Let's look at the weekly chart and see what that gives us. Well, I don't know what that line is there for or why I had those VWAPs drawn in, but it's a decent looking. You know, this is the type of stock that it's probably not the best swing trade idea. But if you, you know, bought some even down here with a stop under there and it starts to rally, raise your stop under here, you could probably do okay with this one. It's not the sexy type of stock that's going to, you know, get up and go. How about Halo? Halo probably needs a few days. It broke to what looks like. It broke to an all-time high and now it might need to settle down a little bit. And we've got, you know, that's the earnings report, obviously. So here's our 15-minute timeframe. I think that you're, you know, if it's going to, what we want it to do is to settle down a bit. And we don't have to focus on these VWAPs so much, but we have to look at it and say, if it does this, pulls back down towards that five-day. How does it behave as the five-day catches up to it? And we get rid of this data. And then that five-day moving average will start to decline in four days unless we start to rally. So if it bounces off of there, then the five-day moving average will keep up with it because we're getting rid of that data. So I'd love to see it pull back a few days. But again, is it viable right here, right now? Not in my opinion. How about Ionic? It's been having trouble, as we know, at the anchor from the beginning of the year in the election. It's been choppy up in here. Look at the ranges that this thing has. These are big ranges. That is a real range. The average true range is 8.7%. And we look at the weekly chart and look at the personality of the stock. It's a volatile name for sure. So if you do get involved in this, you have to look at the ATR and say it's 9%. So let's trade it smaller. but it's It needs to settle down in here. I'm not convinced yet on Ionic. How about LFMD? Well, as we know, stopped below the previous day's low in there. OPFI, this one could settle down a little bit. Still, you know, you look at it, it's just gone from 8 to 12. That's a 50% move. It needs to settle down before I could get interested in it. How about PARA? PARA looks a little bit... interesting here. It had a failed move lower. Earnings came out. So let's take a look at the weekly chart. That's a heck of a long-term base. And if the buyers can take control, by the way, I don't know if you look at this chart and know what this was. This was Bill Huang. And when his scam unfolded, it has never recovered from that. There were a bunch of other names in there too. H-W-A-N-G. Look it up if you don't know the story about that. But anyways, he was just running and gunning these stocks and basically pyramid scheming stocks higher. This one looks like it's erratic. It's got smaller ranges. Average true range is just is that it? Yeah, 1 point I'm sorry, 2.5%. This one looks of interest though. So that's maybe one of the more timely ones in here. QTWO, right up against the anchor from the election. after a rally from 65 to 90 i'd like to see that one settle down rivian is behaving well today it didn't really pull back but instead it broke higher um it's holding you know near term let's just talk about that because we're holding right around that view app um i'm thinking that i'm likely to day trade what i have with a stop under there i haven't set it um i have it on another chart that I can see. So that's what I'm actively watching because we have run from 12.5% to 15%. So that's basically 20%. So it's not fresh here. I'm not complacent with this one. I was hoping it would pull back. It didn't. So now it's even more stretched, which is why I'm considering it likely just a day trade. Root, it's a choppy name, but it behaves well. Let's look at the weekly timeframe here. And that's pretty choppy. So it looks decent. Can I manage risk effectively in here? Average true range 8.8%. That would tell me if I trade it, it would be smaller share size. So that's all the stocks. We just went from 10,000 stocks down to a handful. and that's the way when I look when I screen for stocks and again I need to emphasize I don't screen for stocks on a regular basis what I do is a manual process however when we're in earnings season i do scan in just this way using the parameters that i showed you on finviz it's a free tool and i hope that was helpful i'm going to add all of these names to the list to my master list and i will have those to look at and you know expect to see some of those on our screens here coming up At appropriate time, could you share your reasoning involved in framing the earnings dates range in your screen? The date is we basically began earnings season in April. You think about January, February, March. So I went from April 1st. January, February, March is the first quarter. So most likely, the earnings from April 1st through today is the results of the first quarter earnings. So. I'm not interested in the earnings from the fourth quarter of last year. I want the fresh ones. So these are the fresh ones since the new earnings season has begun. If I started at April 1st, it tells me I'm getting stocks of companies that reported for the fiscal quarter ended March 31st. Okay. And that will do it. It was just meant as a quick screen because that's what I was about to do. And I wanted to share the process with you. I'll upload this and I will also take a picture of the notes that I took with the little hash mark next to it and do with that whatever you like. Thanks for tuning in.

I've shown this before. And as I always say, I don't do screens on a regular basis. It's something very rare for me to do. find my ideas by looking at individual stocks over and over again on my last master list. But what I like to do is make sure that I've got the right stocks on my list.

And as I point out often, I look at fundamentals the same way that I look at technicals. I'm not interested in the chart because I like the chart and I think it's a pretty chart. And I'm not interested in the company because I think it's a good company because they have good revenues. I like their product or whatever.

I'm interested in the chart because I think that based on the way it's trading, it will attract other people to the chart as well and that I can get ahead of their buying or stay away from it if they're selling. Fundamentally, I look at a stock and say, what do people want at the end of the day? They want a company. It is about earnings. And when we look at it, that's what big portfolio managers are looking for.

think of all the thousands of growth stocks, growth funds out there. Well, most mutual funds fail to beat the S&P 500. That's simply a fact. But we know what they're looking for.

They're looking for stocks of companies that are increasing their revenues and increasing their earnings. Those are just some of the basic things. I don't get into cash flow and PE ratio and that sort of thing.

We can if we want, but let's just start with a simple screen. So on Finviz, And this is the elite version. I could log out and we'd get the same thing. First up, I wanted to point out, you know, we've been talking a little bit about LFMD and I wanted to point out on here the excellent and only free short interest display on a chart. And that's from Finviz.

There is another one from, they were in my book. I forget the name of the company. I don't like theirs as much. Anyways, when you just type in a symbol, you get the chart.

Click right here, short interest. And there you can see that the short interest increased a lot in here and it's been decreasing lately. It's still 17% of the float.

And the short interest ratio, this is, as I like to say, it's misleading because back here in January, the average daily volume was 652,000 shares. And now we've nearly doubled that. So if we were trading on January's numbers, the short interest ratio would be 10. So instead, I think that the percentage of float, anything more than 10 is pretty high. And then when you look at it and say, well, where are they short from?

You can see, for instance, they took their short position down here from and you can get the raw numbers down here. This is taken from Nasdaq.com. But anyways, you can see that the absolute number has gone from March 14th. 8 million shares to 7.4 to 6.1. So they've covered 2 million shares during this period right here.

So that tells us the shorts are kind of on the run in here. And if you look at the lowest number was way back here and they added all the way in this area. So those shorts are now losing money.

Anyways, it's a great way to look at the earnings. What we're doing here today though is a quick look at some stocks. So we're going to go to screener and we're going to Open this up so we can see everything.

And when you look at it, there's 10,026 stocks total in the FinViz universe. No one can look at that many stocks. So what we want to do is we want to start to narrow things down.

So let's just go column by column. Exchange, any, that's fine. That doesn't matter. Market cap, I don't care.

Price to book, any earnings and earnings surprise. Let's make those both positive greater than zero. So now we've got 1,699 stocks.

So we just got rid of 85% of the stocks. Institutional ownership, earnings date. Let's see. Let's do custom, I guess. Let's take a look at, I mean, we're only on the 9th.

So let's go back from April 1st through... Today, which today I always get the date wrong. Today's the 9th. I will submit that.

So now we're down to 1300 stocks. We got rid of another 200. I don't care if they gapped or anything. IPOs doesn't matter. Number of shares outstanding doesn't matter to me. 20-day simple moving average.

We'll come back to that in a minute. Let's see. I'm just looking at all these. Sector doesn't matter.

None of this stuff matters. Short float, let's say there's at least 10%. So now we're down to 185 stocks.

That's pretty impressive. So let's actually go back to over 5% to broaden it out a little bit. Then we want to look at, you know, we ideally we want it to be, we want price above the 50-day moving average. Now we're down to 296. You know, they don't have ATR. They don't have percent ATR.

So we're going to look at beta. We want it to be at least, you know, more volatile than the rest of the market. After hours price chart relative strength Optionable, I mean we could look at it and say optionable We've 208 now so that takes you know five of them out so ideally I guess we want them optionable I'm only interested in US stocks.

I don't care about the rest of the world, so we just got rid of another 11 stocks We could go to Where's average we wanted above the 200-day moving average as well, so? 192 now goes down to 82 So there's only 82 stocks here. And let's do an average daily volume just to make sure we're liquid. I don't see where that is. Let me see.

Average volume. Here we go. Let's say over 400 because I think they're using a 50 day.

So it could be over 500 for the last 20 days. So in other words, they're using a 50 day moving average of volume. If the stock just ramped up on big volume, we want to know.

that the 500,000 share might not be there over the last 50 days, but it is for the last 20 days. So we lower that a little bit. Now we're down to 66 stocks. So let's do this.

Let's look at the charts. And these are awful. I hate these charts with these lines on them.

So let's turn that technical analysis off. And now we just have cleaned charts. So we can look at these and say, So let's look at the weekly chart and just kind of look at things and say, you know, a couple of things to look at when we see these. ADPT, it's in a nice uptrend.

That's maybe something. So, you know, what I'm going to do is I'm going to put that on my list and I'm just going to start writing a list down. ADPT doesn't mean I like it, but AMPX, it just kind of looks like a mess.

AORT looks like it's coming up into prior support. If you drew a straight line across, you would see this resistance became support. Now it's maybe, you know, it's extended.

I'm not interested in that one. App Lovin', we, you know, it's right up against this level. Arlo doing nothing.

Atec, maybe there's something going on in there. We can take a look at that. ATRO is breaking out.

We'll look at that. AVPT, Axe just kind of looks like it's stuck in the middle of a range. BCRX broke out.

So that is worth noting. Let's see. BKSY, it's bouncing.

BROS looks decent to me. I know it's stuck right below the anchor from the election and I think the year to date, but it's building. BTSG looks interesting.

BV probably just came from 12 to 16. That's 30% into this part of support. Has the potential become resistance? Is the risk worth the reward on this?

Probably not. BYRN has this prior support up in here. It's just run from 14 to 25. It's extended.

So, you know, the same questions. These are the things that go through my head very quickly is where has it come from? Where does it have the potential to go?

When it's rallied this strong and it has that potential supply up ahead, I'm just not interested. Cake looks somewhat interesting, so does CERT. CRNC just looks like one of these wild stocks that probably has a percent ATR of 15%, 18%.

CVI could be rounding out a bottom. This is a weekly chart you've got to remember. CVI, Carvana, that's extended here. Dave, it broke out and I wouldn't trade it in here, but in the coming weeks as it pulls back and settles down, that might be worth keeping an eye on. DRVN looks like it drives high.

just grinds higher rather and i would be interested in taking a closer look at that eye is breaking a nice base here so it's gone from a stage four to a stage one to a stage two pharaoh is extended but in an uptrend and maybe that gives us the opportunity in coming weeks fsly don't love it but i know that So similar type stocks have been moving. FSS, choppy name, right in this prior support after a rally from 70 to 90. No thanks. Halo breaking out. So maybe it has the opportunity.

And again, these are weekly charts. HIMSS has broken out. It's extended now, but IONQ is also stuck at the year-to-date anchor and the anchor from the election, I believe. CAR is worth keeping an eye on, but those are names that go on the list. IONQ, KAR.

This one has just gone from 27 to 37 to extended. LEU looks like it's all over the place. LFMD maybe, well, actually we know that one. We were just looking at it.

It looks like it's making a little bit of a consolidation here that it could push higher. LUV, it just rallied in here. Um, MGNI right up against that prior band of support. MITK still showing lower highs and lower lows on the weekly timeframe.

So this is probably just a spike in a downtrend that fizzles out. News, uh, nothing news worthy there. NXT, uh, ST just choppy back and forth. OPFI looks like, uh, you know, maybe there's something going on in there. It could have been a big winner.

I mean, it was a big winner. It could have been earnings driven. And now we're, you know, rallying back up.

It's a little extended short term, but it was to settle down maybe in the next week or two. So this is creating a master list. Oscar, just a big choppy mess in there.

I don't see anything worthwhile. I don't see anything worthwhile in the host. PARA, maybe. I don't think it's an exciting business, but that's not for me to judge. The chart looks like it's making higher lows, more repeated tests of resistance.

PGY, big choppy mess. Porch extended but broke out. I would consider that. I wouldn't consider this prim. It doesn't look proper.

So Q2, maybe that one is breaking its downtrend. It wouldn't be likely. We'd need to see it pull back and make a higher low before we could get any real interest in it.

Rivian, we already know. Some of you are along it. I bet Root.

Root looks decent. So, Sezzle is broken out as well. It's extended, but if it settles down in the near term, you know, next week or two, it could be a good one.

SLDP, nothing going on in there. SoFi, you know, this is like a cult stock. It just went from 9 to 14 and right into this prior band of support.

It's going to need work before I'm really interested in that. STEM, it's a penny stock. Steril, it's just run 70%. SVV.

It's running into supply here. If it were to pull back in the next week and a half to three weeks, four weeks and make a higher low here, then break past this. So we can look at SVV.

TMDX, it's funny that we owned it right over here. I don't know if you remember that was one of the first stocks that we owned out of the bottom and it ran up to the two year anchor was our level that we were looking for it to get to. TPR, maybe if this one were to pull back and rally, it's got a good history of. being a quick runner.

Upwork probably needs to settle down up in here. I would probably put it on a watch list that I look at once a week or so. US Steel just dead, doing nothing in here. Yelp, same story, dead, doing nothing in here.

So we could take those stocks and let's do this. We can go down to a daily timeframe now and we could say, what stocks do we want to look at? We could look at ADPT. ATEC, ATRO, AVPT, BCRX, BROS, BSTG, CAKE, CERT, CVI, DAVE, DRIVEN, I, PHARO, THISLY, HALO, HIMS, IONIC, KAR, LFMD, OPFI, PARA, PRCH, QTWO, almost done, IVN, Root, Sezzle, SVV, TMDX, TPR, UPWK.

And now we'll look at the daily charts. So now we're down to 28 stocks here. And if you wanted to in here, you could save this. I don't know how to do it.

You could... You can save it as a portfolio in here. So Adaptec, look at that beautiful breakout, nice low volume pullback. I'm going to put a little bit, I'm going to put a dash next to that one.

Atec looks too far extended. You know, that would have to pull back deeper. So what we're doing is we're looking for things that might be actionable in the near term.

ATRO, too far extended. AVPT, too far extended. BCRX, it was extended, but it's consolidating.

So. I'll put a dash next to that to consider. Bros, I will consider as well.

Cake, I would consider. Cert, no. It's pulled back too deep. CVI, too extended.

Dave, too extended. I, too extended. Pharaoh.

Looks like that is probably a takeover stock, the way it's trading so tight like that. Fizzly, no. Halo, I'm going to put a check next to that one.

Hems needs to pull back. Ionic, I'll put a... check next to that one. Cars too far extended, LFMD.

I was going to say it looks good. I'm in some. OPFI looks like it's worth studying a little bit more carefully.

Same with Para. Ports too far extended, maybe towards the mid to end of next week, but I'm looking at for right now. Q2, I would look at.

Rivian, long sum. Root looks nice because it's... tightly consolidated in here uh sezzle extended svv extended tpr extended upwork so now what do we have we've got our list down from now 28 down to adpt brcx bros cake halo ionq lfmd opfi para Q-T-W-O-R-I-V-N, root. Okay. So we started with 10,000 stocks and now we're down to 11. It doesn't mean these are the best stocks of the 10,000 stocks out there.

It means though that these recently reported better than expected sales and earnings. And when we have that, that is a good start. So we've got now these, what is this? 11 stocks.

So what I'll do, is then I will switch over to TC2000. Now the problem is sometimes when I switch screens, it locks up. So this might be the end of our session here. If it is the end of our session, what I will do is I will record a quick summary of what I see on the TC2000 charts.

And again, the 28 names that I have a check next to are still on my list in front of me. I'll take a picture of that and upload it if you guys want, in case you weren't taking notes. along with the dashes next to them.

And the other names that don't have a dash next to them look like they'll go on my master list and what I want to look at, but they're not going to be something that I will be looking at carefully in the near term. So I've just switched over to TC2000. Oftentimes it does not switch for me.

So please let me know. Can you see TC2000? TC2000. I've got TGTX up there right now.

Oh, you can. Well, that's wonderful. Okay. Let's go ADPT. Let's take a look.

Now it's a choppy stock. The average true range is nine and a half percent. I'm just going to talk quickly because this is what goes through my brain when I see these.

I go through these probably quicker than what I'm saying because I don't slow down to talk. What we spoke about, I think, and I can see on my other screen is that the weekly chart, You know, that's what's compelling here. It's been in a steady uptrend.

You know, I would probably say, you know, the five-day moving average is declining and it will be for the next two days. So I'm not as thrilled about that one. BCRX. BCRX. Now this one, let's take a look at the weekly chart over here as well.

That's a nice looking weekly chart. Let's take, let's clean this up and take a look at the anchor from the all-time high, from this low. about from this high, how about from this high, how about from that peak? And so the buyers are in control. You go back 25 years, the buyers are in control in this stock.

So do we want to buy it? Let's take a look at that daily chart. We had this run from six, it almost doubled.

So I think it's likely that a stock like this is... you know it's been riding that rising five-day moving average they had earnings now this is the gap from the earnings and we're finding a little bit of supply near there so i'd love to see a shake out then recover, and then maybe Monday or Tuesday, Wednesday of next week, BCRX would be one of the better candidates on this list. How about BROS? BROS, as mentioned, there's the year-to-date anchor. There's the anchor from the high.

I want to see this thing pull back a little bit, so maybe next week sometime. And again, we've got to remember, these are stocks that have decent charts, and they've reported better than expected earnings, so they naturally have a group of participants who are interested in these stocks based on their fundamentals. I'm not making a judgment whether Dutch Brothers makes good coffee, bad coffee. I don't care. I'm not making a judgment about how many cups they sell per day or any other fundamental factor, what the PE is.

I'm looking and saying, it's having trouble with the two-day VWAP from their earnings report actually three days ago. I'd love to see it come down like this. rebuild some energy again, maybe Tuesday or Wednesday of next week. I don't want to chase these things.

How about cake? Cake is nicely consolidating under here. We've got a rising 20 up through the 50, which is declining, but that 50 will be advancing in three days.

My mind just automatically sees that. I don't slow down to explain it all the time, but that's what my mind sees. My mind sees we've got a rising 200-day moving average. Let's look at the weekly chart and see what that gives us.

Well, I don't know what that line is there for or why I had those VWAPs drawn in, but it's a decent looking. You know, this is the type of stock that it's probably not the best swing trade idea. But if you, you know, bought some even down here with a stop under there and it starts to rally, raise your stop under here, you could probably do okay with this one.

It's not the sexy type of stock that's going to, you know, get up and go. How about Halo? Halo probably needs a few days.

It broke to what looks like. It broke to an all-time high and now it might need to settle down a little bit. And we've got, you know, that's the earnings report, obviously.

So here's our 15-minute timeframe. I think that you're, you know, if it's going to, what we want it to do is to settle down a bit. And we don't have to focus on these VWAPs so much, but we have to look at it and say, if it does this, pulls back down towards that five-day. How does it behave as the five-day catches up to it?

And we get rid of this data. And then that five-day moving average will start to decline in four days unless we start to rally. So if it bounces off of there, then the five-day moving average will keep up with it because we're getting rid of that data. So I'd love to see it pull back a few days.

But again, is it viable right here, right now? Not in my opinion. How about Ionic?

It's been having trouble, as we know, at the anchor from the beginning of the year in the election. It's been choppy up in here. Look at the ranges that this thing has. These are big ranges.

That is a real range. The average true range is 8.7%. And we look at the weekly chart and look at the personality of the stock.

It's a volatile name for sure. So if you do get involved in this, you have to look at the ATR and say it's 9%. So let's trade it smaller.

but it's It needs to settle down in here. I'm not convinced yet on Ionic. How about LFMD? Well, as we know, stopped below the previous day's low in there. OPFI, this one could settle down a little bit.

Still, you know, you look at it, it's just gone from 8 to 12. That's a 50% move. It needs to settle down before I could get interested in it. How about PARA? PARA looks a little bit...

interesting here. It had a failed move lower. Earnings came out. So let's take a look at the weekly chart. That's a heck of a long-term base.

And if the buyers can take control, by the way, I don't know if you look at this chart and know what this was. This was Bill Huang. And when his scam unfolded, it has never recovered from that. There were a bunch of other names in there too. H-W-A-N-G.

Look it up if you don't know the story about that. But anyways, he was just running and gunning these stocks and basically pyramid scheming stocks higher. This one looks like it's erratic.

It's got smaller ranges. Average true range is just is that it? Yeah, 1 point I'm sorry, 2.5%. This one looks of interest though.

So that's maybe one of the more timely ones in here. QTWO, right up against the anchor from the election. after a rally from 65 to 90 i'd like to see that one settle down rivian is behaving well today it didn't really pull back but instead it broke higher um it's holding you know near term let's just talk about that because we're holding right around that view app um i'm thinking that i'm likely to day trade what i have with a stop under there i haven't set it um i have it on another chart that I can see.

So that's what I'm actively watching because we have run from 12.5% to 15%. So that's basically 20%. So it's not fresh here.

I'm not complacent with this one. I was hoping it would pull back. It didn't. So now it's even more stretched, which is why I'm considering it likely just a day trade. Root, it's a choppy name, but it behaves well.

Let's look at the weekly timeframe here. And that's pretty choppy. So it looks decent.

Can I manage risk effectively in here? Average true range 8.8%. That would tell me if I trade it, it would be smaller share size.

So that's all the stocks. We just went from 10,000 stocks down to a handful. and that's the way when I look when I screen for stocks and again I need to emphasize I don't screen for stocks on a regular basis what I do is a manual process however when we're in earnings season i do scan in just this way using the parameters that i showed you on finviz it's a free tool and i hope that was helpful i'm going to add all of these names to the list to my master list and i will have those to look at and you know expect to see some of those on our screens here coming up At appropriate time, could you share your reasoning involved in framing the earnings dates range in your screen? The date is we basically began earnings season in April. You think about January, February, March.

So I went from April 1st. January, February, March is the first quarter. So most likely, the earnings from April 1st through today is the results of the first quarter earnings.

So. I'm not interested in the earnings from the fourth quarter of last year. I want the fresh ones.

So these are the fresh ones since the new earnings season has begun. If I started at April 1st, it tells me I'm getting stocks of companies that reported for the fiscal quarter ended March 31st. Okay.

And that will do it. It was just meant as a quick screen because that's what I was about to do. And I wanted to share the process with you. I'll upload this and I will also take a picture of the notes that I took with the little hash mark next to it and do with that whatever you like. Thanks for tuning in.

Transcript for:Effective Stock Screening and Analysis

Transcript for:
Effective Stock Screening and Analysis