ETF Range Projections & A Quote to Start the Day

Every great man, every successful man, no matter what the field of endeavor, has known the magic that lies in these words: every adversity has the seed of an equivalent or greater benefit.

- W. Clement Stone

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left. No Economic Reports Today

Overseas markets ending the week on a weak note: Nikkei 225 -1.96%, Hang Seng -0.43%, Shanghai -1.70% DAX -1.07% and the FTSE 100 -0.74%

At about 7:15 AM ET, the futures are indicating a follow through to yesterday’s sell off, ending the week on a sour note: Dow -68, S&P -9, NAZ -13, Oil -$1.12 and Gold -$3.20

have a great day!

A Screen Based on the Methods of Trading Masters

There are numerous free and pay sites on the internet that allow one to screen for stocks based on various technical and fundamental criteria.

Very few sites however, perhaps no others, screen for stocks based on the setups written about by trading masters.  I have talked in the past here about a few: Linda Raschke, Stan Weinstein, and Dave Laundry. Today let me introduce you to Tobey Crabel’s Volatility screen.  Only optionable stocks are screened to give you the option.

When I originally began this screen I included a brief description.  You can read that description HERE! Whether or not this or any other screen is for you can only be learned by following it’s output over time.  Here is last nights output.  Generating ideas, isn’t that the purpose of a stock market site?