From the desk of Steve Strazza @Sstrazza.
Welcome to this week’s edition of “Under The Hood.”
What we do is analyze the most popular stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We are using a variety of new sources to generate the list of most popular names, which we’ll explain more each week as we add new data sets. There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.
Last week, we added some stocks from a list of large institutional purchases we track, and this week we’ve added some names that experienced unusual options activity.
As we continue to include new sources, the number of potential trade opportunities we can choose from increases and gives us a larger universe of favorable setups to take advantage of.