I've posted a training video that is normally reserved for our trading room members. In this video you'll see two powerful setups for day trades:
1. When the market gaps down in a bullish daily set-up, you should scan for and focus on stocks that look like BUD in this video for long trades.
2. When the market is trending intra-day, GLD and RL in this video had patterns that are great entries in anticipation of the day's trend reversing. In this case, they are short trades on an up day in the market.
Both of these patterns are easily found by using some straight forward scans in HotScans or simply putting a list of your favorite stocks in the portfolio and monitoring the unique HotScans display for the stocks that have gapped or reversed at the Opening Range or are breaking out on big volume over the Opening Range.
Enjoy the training video below and if you'd like a quick overview of HotScans there is a video tour here: HotScans Overview Video
and you can click here information with a free trial here.