What does Smart Scan look for?

Always be sure to verify the current Chart Analysis Score and use money management stops, as markets change rapidly.

New 1 Week High : These are charts making new one week highs.

New 1 Week Low : These are charts making new one week lows.

New 3 Week High : These are charts making new three week highs.

New 3 Week Low : These are charts making new three week lows.

New 4 Week High : These are charts making new four week highs.

New 4 Week Low : These are charts making new four week lows.

New 52 Week High : These are charts making new 52-week highs.

New 52 Week Low : These are charts making new 52-week lows.

Strong DMA Trends : These are charts showing very strong trend patterns, with daily moving averages recently increasing over past performance (10dma > 20dma > 50dma).

Weak DMA Trends : These are charts showing very weak trend patterns, with daily moving averages recently decreasing under past performance (10dma < 20dma < 50dma).

Chart Analysis +100 : These are charts showing very strong uptrend patterns, with a Chart Analysis Score of +100.

Chart Analysis -100 : These are charts showing very strong downtrend patterns, with a Chart Analysis Score of -100.

Long Term Up : These are positive longer term charts, with a Chart Analysis Score of +90. Look for these markets to remain firm in a strong uptrend.

Long Term Down : These are negative longer term charts, with a Chart Analysis Score of -90. Look for these markets to remain weak and in a strong downtrend.

Short Term Up : These charts are showing short-term counter trends, with a Chart Analysis Score of -85. Look for longer term negative trends to resume when the action is over.

Short Term Down : These charts are showing short-term counter trends, with a Chart Analysis Score of +85. Look for longer term positive trends to resume when the action is over.

Near Term Weakness : These charts are showing some near term weakness, with a Chart Analysis Score of +75. However, these markets remain in the confines of a longer term uptrend.

Near Term Rally : These charts are showing some near term rallying power with a Chart Analysis Score of -75. However, these markets remain in the confines of a longer term downtrend.

Weak Up : The positive longer term trend is weakening with a Chart Analysis Score of +65. The market action could signal the start of a major trend change.

Weak Down : The negative longer term trend is weakening with a Chart Analysis Score of -65. The market action could signal the start of a major trend change.

Crossroads Up : The current upward trend is at a crossroads and has possibly ended. Look for choppy trading action in the near term with a Chart Analysis Score of +60.

Crossroads Down : The current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the near-term with a Chart Analysis Score of -60.

Sidelines : These are charts with a counter trend rally underway, showing a Chart Analysis Score of +/-55. The current trend could be changing and moving into a trading range.

Trading Range : These are charts indicating that the trend for these markets is at a crossroads and is showing a Chart Analysis Score of +/-50. Look for choppy trading conditions in the near term.

Return To Help Section Homepage

Leave a Reply