In choppy markets, there are still stocks that are trending or at least not so choppy. The trick is to find them.
The hitting new highs/lows list can still be put to good use to find the opportunities. WHat I am looking for are completely unsexy stocks, no hype, no tech, nobodys favourites, never a lot of attention paid to them. Shown here are some I found today.
But before I get to that I thought I'd post something that may or may not be useful to you, you can't confirm and maybe I'm just talking out of my ass about. However the last few months typically before volatility hits the markets the Nasdaq test code symbol ZWZZT shows up on my hitting new highs/lows indicator. I'm not saying it is a reliable indicator, far from it, but I use its appearance as signal to get ready. It's almost as if the exchange is making certain their data feed is working 100% before the waves of volume start. Like they know something from the advanced order flow maybe. Historical charts of it in any time frame are meaningless so its only the symbol showing up that piques my interest. Take from it what you will.
In any event here the the charts from above:
First chart is SHW short
Second is SHW cover
Third is BTU short
BTU cover
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