Ready List vs. Screen for Relative Strength

Hello Mr. Marty. Can you explain the difference between your "ready list" vs. "screen for relative strength". The reason for the question is your last daily report has stocks on the ready list (AGX, APP...) that are not on the RS list / output.

As usual, thank you for sharing your wisdom.

Ps. My portfolio is beating the SPY thanks to your teachings / direction 🙂

Congratulations on beating the S&P 500 so far this year. This is a time to step on the gas and get some separation.

The ready list are stocks still set up in bases near proper buy points. Those stocks are different from the "Relative Strength" stocks.  The relative strength scan that is posted every morning at the bottom of the page are stocks that are trading above all their moving averages.  If you find a stock on the relative strength list that is also on the ready list. That may be one to take a swing at for a trade.  IONQ was one last week that advanced 31% last week, and is now extended.

Unfortunately, many on the relative strength list are not set up in bases and near proper buy points, and we do not want to chase. Those may be bought on pullbacks.

Here is a list of stocks on the relative strength list for Tuesday.

Obviously, the energy names broke out last week and must pull back some before making an entry. But, NFLX NBIS RKLB RBLX  HOOD CVNA CRDO NET and a few others look appealing to me. Some of these will appear on our real list on Tuesday morning.

You mentioned AGX and APP  specifically, and AGX does not meet the volume requirement for the relative strength screen, and that is why it did not appear. Applovin is trading below its 10ema. But, that is a stock that can really move and I still like it right here.

Great Question!

Regards,

Marty