Choppy market today, not many stocks giving a high IPR on our Radar.
Only two giving a reading above 3.0 are $E and $MOS – readings over 5.8 and 3.7 respectively
We prefer stocks that are very In Play. This is indicated by the brightness of the red, along with the IPR number (we prefer above 3.0). In Play stocks give us the best opportunity to make high probability intraday trades, with a good understanding of our risk.
With that said most on the desk trading lightly today.