Updated from 7:01 a.m. EDT
It doesn't matter if the market goes up or down. Even if the market has a disastrous, disastrous week, out of the 8,000 or so public companies, there still will be hundreds of stocks that will climb.
Even in the bear market of 2000-2002, the best strategy proved to be selectively finding volatile stocks to go long. One successful intraday strategy is to buy a stock that finished the previous day down and is set to gap down 5% or more the following day. Sell the stock if it hits the previous day's close or if the stock closes the day without hitting the profit target.
Back testing shows this strategy to be successful 68.4% of the time with an average profit of 1.97% per trade. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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