Stocks that outperform SPY
in Scanning
How can I scan for stocks that outperform the SPY?
0
Comments
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Well, first you have to decide what "outperform" means.
Let's say it means the stock has a better ROC(63) than SPY- that is, it has risen more in three months than the SPY.
If you have a list you want to compare to SPY, add SPY to the list, then run a scan that includes the list name and rank by ROC(63)
[favorites list is 99] // my list
rank by ROC(63)
The results above SPY are out performing.
Another way would be to add ROC(63) to a chart of SPY and note today's SPY value, say 10.5.
Then you would run a scan that includes a line for ROC(63) > 10.5
and [ROC(63) > 10.5]
Each time you run the scan, you would have to edit the 10.5 value to the current reading for SPY.0 -
Thanks for the chart tip. My strategy is to sell 30 delta weekly covered calls on stocks that outperformed the SPY.0
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