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PreMarket Gaps

SuperStormtracker features
Editable Modules
Moving Averages
Delta Volume Strength
Momentum
Relative Strength
5 day Hi/Lo Filtering
EZ Programmability
Backtesting
MSIs
Power Uptick
Fading
Snapshot
These modules scan for any stocks that are gapping before the opening bell at 9:30am (est) from the previous day's closing price. The premarket Volume is also shown. The MaxGap column indicates the maximum gap for the symbol since Stormtracker was started.***The MaxGap Column is only available for the RealTick platform***

IntradayBreakouts
Program Trading Stochastics Reversals
Level II Size Alerts
Pre-Market Gaps
Gap Plays
Key Reversals
News
Overnight Gaps
New Highs/Lows
Strength Stock
Relative Strength
Strength Sectors
Volume Strength
Block Detector
Sectors
Customized Lists

How to Use

Method 1 Look for Diverging Symbols
On days where most symbols are gapping down, look for symbols premarket that are gapping up with volume. The fact that the symbol is gapping up in a weak market means they are extremely strong and stand a good chance of taking off at the open. The reverse should be done in a gap up market, that is if most symbols are gapping up, then look for weak stocks that are gapping down with volume to short at the open.As an example, look at the premarket gaps module on Dec 28 at about 9:00, you can see that the market is gapping down strong, but that MUSE is gapping up with volume.

MUSE goes on to gain over 5 points from the open in the first hour of trading

Method 2

Detecting Gap and Traps

Using the MaxGap column, you can see whether the gap is holding or not. The gaps will many times be the largest premarket and will weaken just prior to the open. If you see that the majority of stocks have gapped up and are starting to weaken relative to the Max Gap column, then it could be a good shorting opportunity
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