Stocks that diverge from the current trend in the futures are giving a strong
signal, because when futures reverse the trend, these stocks will be the
first to move in the direction of the reversal, often in dramatic
fashion. This scanning method was included in the original design of the
StormTracker, however it's computational demands prevented it from making it
into the released version. As a licensed user of Stormtracker, you will
receive the strongest/weakest stocks(scanned inhouse), as email alerts up to
2 times daily during market hours
As a trader you must always have a plan, and you must always have a list of
candidates should the futures reverse. These email alerts save you the
time of scanning thousands of stocks for the strongest/weakest stocks for
these powerful signals that develop during the trading day.
The following shows an example of Intraday Relative Strength. The downward trend in the futures( in yellow) starts at the open and continues until 13:30. You can see visually that ICGE has not lost ground and has held up in the face of selling in the futures. Stormchaser Technologies inhouse scanner detects this and alerts to the intraday strength of ICGE. When the futures reverse, ICGE makes a strong move up for over 5 points.
Another example on the same day: You can see visually that XOOM has not lost ground and has held up in the face of selling in the futures. When the futures reverse, XOOM makes a strong move up for a nice gain.
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