Monday, December 6, 2010

CANSLIM Screener


Now that the market has turned, you want to become a CANSLIM screener. I have found that the best canslim stock screener is the Investor's Business Daily. Each and every day, you'll find several screens that can help you out. You can choose to use one of them or a combination of all of them. I have read of people using them all and making one big list. It's also a good time to look at the IBD because they are having a FREE trial. So swing over to to check that out.

I know from my own experience that the sheer volume of information available in the paper each day can be overwhelming. The best place to start are the main screens you'll find on a daily basis. Let's look at those.

  1. Stocks on the Move - This screen identifies stocks that are under accumulation by institutions. There backing is what drive's the price of stocks higher more than anything else. You want to time your buys and get into stocks as they do. Ride their coattails to higher gains.

  2. Stocks in the News - This screen identifies stocks that are closer to potential buy points. The nice thing about this screen is that it gives you a handful of stocks that are forming bases. You can view the charts and most of the fundamentals.

  3. Time Saver Table - This screen identifies stocks that are up substantially in price. If you are short on time, check out this screen for potential stocks to add to your watch list.

  4. IBD Research Tables - In the back of the making money section, you'll find the IBD tables. If you check out the top 6 or 7 sectors, you'll also find stocks to add to your watch list.

The ideas in these CANSLIM screens will provide with more than enough buying options. But the mere fact they show up doesn't necessarily mean that they are prime buy candidates. You should also look at each companies fundamentals and stock chart to see if it is fundamentally and technically the best stock to buy.

Good luck on your stock market investing program. Let me know if you have any questions.

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