Top Gun Long List
You potentially end up with the stocks making the best moves, with the highest Relative Strength, and in a Sector and Industry which is also showing high Relative Strength. It's everything you need to give your trading system the very best track to run on.
Following the recent market drop which, of course, played havoc with the chart patterns of individual stocks, we are starting to see some symbols appearing on the Top Gun List.
Because the algorithm behind this list is looking for good chart patterns, there will be fewer stocks on the list when the market itself is in an unclear state.
Because this is a list for trading stocks long, there may be no stocks at all on this list when the general market is not in an uptrend.
It is worth remembering that, when the market has undergone a fall, a stock that has fallen less than the market, is showing strength. Resistance to the market fall often makes for a good candidate when the market starts to rise again.