The NASDAQ 100 Index components were added to the usual daily stock scan which produced 85 winners and 108 losers after the close on Friday.

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The Video

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In support of Chapter 7 of Own The Zone, I made a video to document my approach to stock scanning and how the stops generated by the trading system are used to set up Plan B swing trades with options.

The stock scan is designed to find stocks that may be starting a new leg of a directional move. The criteria incorporates price movement (just starting an up- or downswing), range (larger than average) and liquidity (500,000 shares on the day, 20-day average of 1.5 million).

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