Finding Gap Stocks - Stock Trading Forum | Forex Forum

firstbrain · #1 (**permalink**) 04-01-2008, 09:40 AM

Hi traders,
since I'm not able to watch CNBC (I'm living in Germany): does anyone know a (possible free) resource where I can look for gap stocks premarket or shortly after the market starts? Thank you

Ken · #2 (**permalink**) 04-02-2008, 07:25 AM

If anyone has any resources, post a reply and I'll look at them and approve if it's from a large well known resource, eg marketwatch.com or a major broker or other site like briefing.com or cnbc.com (no small-company or individual site urls, pls).

thanks,

ken

Cash · #3 (**permalink**) 04-05-2008, 12:03 PM

I have a little ritual I do each morning before the open.

I go to www.briefing.com . and select the "calendars" tab, then "upgrades/downgrades". What I look for here are stocks that have been upgraded and are opening right into resistance. These setups are potential shorting opportunities for me. I also do the reverse for potential buying opportunities.
Then I go to "earnings calendar". During earnings season, I make sure and check this section as well. If a stock reports good earnings before the open and it opens at a price level where price resistance is much higher, you can consider buying it. If, however, that same stock gaps up right into a resistance level on a good report, I may want to consider fading the gap and going short. Conversely, you can do the same the other way.

The second place I go is to . Then, I go to "extended trading" tab, then to "Pre-Market Heat Map". This list all of the Nasdaq 100 symbols in one box, it shows me pre-market which stocks are gapping up and down the most. I look at the top two rows and the bottom two rows as these show us the stocks that are most "out of balance" at the open. I enter these symbols into two watch lists that is good for that day, named "Down" and "Up". What I'm looking for primarily are gaps to fade. I go through the top two rows and find stocks gapping up strong and right into resistance for shorts near the open. I go through the bottom two rows and find stocks that are gapping down strong and right into support for longs near the open.

Ken, feel free to edit my posts and only put in the relevant parts, I do get long winded as I really love trading.

Ken · #4 (**permalink**) 04-05-2008, 12:29 PM

Thanks, cash - agree briefing.com and nasdaq.com are both very useful sites... it's interesting to hear your process, great tips!

-ken

Cash · #5 (**permalink**) 04-05-2008, 03:38 PM

On my last post The second place I go to was Nasdaq. com, it was cut out accidently. Now that I'm trading NYSE stocks I go there too. First to “for market professionals” then off to the right side I hit “NYSE” tab, you have multiple choices, advancers, decliners, most active and broker volume. Those are also loaded into a watch list, if they fit in my perimeter.