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Before the market even opens, I’ve already spent an hour giving you a directional bias during my Premarket Must Watch stream — starts at 8 a.m. ET weekdays on YouTube!
That’s the foundation — everything starts with that.
If I think the market’s going to be choppy, slightly bullish or bearish, that influences everything else I’m going to do. So before you even think about finding stocks, you’ve got to know what kind of market you’re dealing with.
Once I’ve got that bias, I start digging into the data. I go to StockFetcher and I run scans for stocks making 20-, 50- and 90-day highs and lows.
That gives me a quick look at how much momentum is actually in the market. The number of stocks making those levels matters. If I’m seeing fewer than 100 stocks hitting those highs or lows, I’m already thinking short term — more day trades, fewer swings.
Understand What Market Breadth Tells You
This isn’t guesswork. That number — how many stocks are showing real strength or weakness — tells me how aggressive I can be.
If we’re sitting under 100, the market isn’t giving me much. That means swing trades need to be carefully chosen and driven by news or volume.
Otherwise, it’s a day trading environment.
But if that number starts pushing past 100, especially on the 90-day scans, now we’re talking. That’s when I know there’s momentum behind the market and swing trading becomes a bigger part of the plan.
Let Breadth Determine the Type of Trade
Here’s the key: the more stocks making new highs or lows, the more conviction I can have in swing trades. The fewer that are doing it, the more selective I need to be. If the market’s quiet and stocks aren’t moving, the only ones I want for swing trades are the ones that can stand on their own — high volume, clear news, solid setup.
Everything starts with that market-wide scan. It tells me what kind of trader I need to be that day. You want to build a watchlist the right way? Start with breadth. Then decide how aggressive you can afford to be.
I hope that helps!
Roger Scott
Roger Scott Trading
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P.S. Don’t Miss Today’s VIP Trade Room!
We’re diving into the ProTrader Dashboard at noon ET…
We’ll cover how to spot sector accumulation in real time, apply multiple time frame analysis to find top stocks, measure support and resistance accurately, and identify the right options to trade.
Then we’ll walk through the most unfair advantage tool step by step — so you can start using it to improve your trading right away!
