Hello folks! So in this video, we are going to be walking you through how to use the Fenves Comm Scanner. For those of you who are having a hard time finding stocks to trade, this may be the last video you ever need to watch on scanning for stocks. Now this is a very powerful financial scanner that allows you to have a bunch of different specific criteria that will allow us to find the most powerful positions. The reason that I'm making this video is because there are a ton of very expensive scanners and stock screeners that are coming onto the market today.

But the truth is that a lot of these free scanners although they do have ads, but a lot of these free scanners are still very powerful and still allow us to find some of the best positions. So I want to give you a complete walkthrough of one of the scanners that I use? this is Finn Viscom. But of course the only thing that I ask in return for this video this otherwise free video is that you hit that ravishing like button. And also of course never forget to subscribe for more short sweet and simplified videos on how to trade the stock market and if you would like more scanning tutorials in the future.

comment below Hashtag Ravishing Scanner So when you first open up Fenves Comm, you are confronted with this home page. There is a lot of information that we could use on this home page Folks, it's really a great home page, but the first thing that I look for is the direction of the overall market. and this is something that you look for. Regardless of what your trading, you want to know where the overall market is going, what the overall market is doing.

And these three charts give you an idea of what the overall markets doing. We can see where the direction is right. Is it flat? Is it going down? Looks like it's slightly going down, and then we can go over to our heat map right? The heat map is very useful because it tells us which sectors are doing well, which sectors are doing poorly. Sometimes there's going to be one sector that stands out.

If there's a sector that stands out, you may be more inclined to trade that one sector. For example, if all of services were green, you might be more likely to trade to services, right? because that sector is doing really well. We'll talk more about that later. That's just a quick value that you get when looking at Fin Viscom and looking at the heat map and the different charts.

You get to see the overall directions and you get to see the hottest sectors. But moving forward to actually finding stuff to trade, these give a lot of great examples of different takers to look more into. So when it comes to me, I love-love-love top losers I Love stocks that are oversold I Love stocks that are going down and have been very active Write down grades inside of selling earnings negative earnings, right? Because when they beat down, they almost always provide price action to trade off of right now, generally speaking throughout the day and usually after hours as well. I'm going to be looking through these lists to find stocks that fit certain criteria that I may be able to trade off of the next day or during certain time periods.

For example, let's go ahead and look at NTR P So n TR P is oversold I might look to identify this and say okay, well if I'm going to look more into it, why is it oversold Why did it gap down so much And if it looks like this is going to be an overreaction play where there's a lot of upside, then I'm going to take a position based on other criteria such as you know, technical indications. But this isn't really a video where we're talking about why to get into a position. but that's basically what I would be looking at at this stage. Same thing here, right? Got beat down.

Why did it get beat down? Why is it so oversold and I'd look more into it? Same thing here. This is not a position that I'd want to trade because it's trending down. It wasn't a quick sell off, right? It wasn't a huge overreaction, this is just trending down. But I can go through and scan some of these biggest signals and find exactly where the best positions are.

Another thing that I do like to look for is unusual volume. What companies have a massive increase in volume? That's not usual, right? Because if there's a massive increase in volume, there's probably some sort of big move happen. You know, there's some sort of big move that's coming up based on some sort of news catalysts that I didn't catch. Because there's so many different stocks and so many different opportunities within the market, there is just no way that we'd be able to keep up with all the news.

So having this unusual volume scanner is really a great way to see what other investors are going into, what other positions, what other investors, what other investors are buying shares of. Another thing that I do like is analysts downgrades, right? I Love buying stocks that have just been downgraded by analysts because usually speaking analysts, they're monkeys. They don't know what they're talking about, they don't put their money where their mouth is, and they're very biased. But a lot of people, they prescribe value to analysts.

So if an analyst downgrade something, they're going to overreact. And since every reaction in the stock market is a dirty, dirty overreaction, it goes down. We could profit off the upside, right? profit off the correction. Likewise, for those folks who love chasing winners, we have a new high section now.

I Personally, I'm not the biggest fan of chasing winners because I like to buy stocks that are discounted I'm just cheap, right? That's just who I am I'm a very cheap person. so I don't like to buy stocks that are a bad deal I Like stocks that are a good deal, new high are generally do you not a good deal, right? but sometimes you'll find a momentum play that runs up massively right. This ran up massively, but since again, every reaction in the stock market is an overreaction. I don't like to buy a toxin to run up massively.

Some people see a lot of value in it I don't write, but that's a personal trading style and the option is here if you would like to use the new highs feature top gainers. same thing I do love top winners, right? I love winners, but at the end of the day I like them when they push back right if five went down a little bit if all Cgn went down a little bit I'd be like okay, well I could potentially see value in buying in if it starts pushing back and correcting itself I like to buy it when it's a good deal. but anyways, this is a great way to find some of the best tickers and some of the best stocks to trade intraday. Okay, the next thing that I like to use and I do recommend using the sparingly.

but I really like this section because it tells you different tickers based on different criteria that Fenves sees as valuable now. I Don't agree with all of the different criteria that I don't use all of these I'm not a huge like triangle trader or a Head & Shoulders trader I Sort of think that a lot of people treat trading as sort of like they treat astrology and they look at the Stars and they sort of see patterns that you know I don't necessarily see and I don't see value in it, but a lot of people see all these patterns and if it works for them, great. I'm not going to say anything bad about them, but anyways, folks, these can be very useful because they identify different levels of patterns and different levels of support and resistance, but which can be extremely helpful if you don't yet know how to identify them right? So if you scan over the ticker, it'll actually show you a rotating or moving trend line where it shows the support and resistance and this allows you to be able to identify these opportunities without actually having to go and look at it yourself and identify that now. I Don't always agree with how they lay out the effective support and resistance I tend to have a little bit more of a conservative viewpoint, but in terms of what they're doing, this is very helpful to identify opportunities than a trend lining and streamlining opportunities to just buy in and support and sell out in resistance.

and I do like these and again, of course I do prefer stocks that are trending in a upward direction as a stock like Faz is trending down right. I Love elevating factors I Don't like deprecated factors trending down as a deprecating factor, but you'll find a lot of interesting opportunities I Like their work with the Wedges, they do a good job with that. The biggest wedge trader in the world. I Do see value in wedges.

This is a little too sporadic, right? They shouldn't have included it, but I do see value in some of these place and a lot of these are going to be trashed right? But scanning through them can't alert you to some of the best quality setups. And again, we trade like spoiled brats here at Zip Crater. So you want to find only the best setups and this is a great way to find them, right? This is a great way to find opportunities that you otherwise may have missed. Ok, what else is on this page I Don't really look at the news because it's a little bit too wide scale.

where I don't think it's going to impact different stocks that I'm trading, but you can look at the news if you want. There's a whole news tab up here that you can look at I Don't look at the news, you know I like to look at needs for specific stocks that I'm trading. Not so much the overall market, but that's up to you earnings release. So there's a few different ways that I find earnings releases.

One of the ways is you can look on here and just find the October 15th. These are coming out with an earnings released October 16th these are coming out I Think this is before market and after market. Yeah, this is before and after I Usually use Weebles calendar for any releases so I don't really use this as much, but this is a great opportunity to find them just on the one page. Everything that you need really did get started as a traders on this page Fin Viscom and it's really great.

So what else is useful about the fin? This scanner. Well let's say that we're looking into a stock. Let's say I don't know ses well. Type in SES and there are a bunch of ads.

you can just X out of them. Okay, so with SES we can go ahead and without actually going and digging into the balance sheets, which can take quite a while and some expertise to understand what you're really looking at. You can just go ahead and type that into the fitness scanner. Scroll down and look at these three bars, right? So is this a good fundamental company? Well, their return on assets was negative 97 percent, their return on equity was negative 323 percent, and their return on investment is 77 percent.

So just these three lines can really tell you. hey, this is not a very strong fundamental company, right? This is another sketchy penny stock that got overhyped and then ran up and then ran down because every reaction in the stock market is an overreaction, so it got beat down afterwards. Not surprising, but if you're actually going to take a position here, you're like, oh, I think this is going to be a long-term play. Well, look at this right.

This is a loser company. loser folks. And we love losers. But we don't hold on to losers.

When they're winning that they're always going to stay a winner because eventually they're going to go back to a loser. A loser is always a loser. Only trade it when it is a winner for a short amount of time. They're only winners for a short amount of time.

Every reaction in the stock market is an overreaction. Let's say we're looking at a DMA return on Equity Negative Right inside of transactions people are selling. This is something that we can look at and say, Okay, well, this isn't the strongest fundamental company, but they do have some strengths, right? Their sales are up, Their sales the past five years are up to earnings for shares up. their current ratio is up right and so on and so forth.

So you can say okay, Well, there is some strength in this company, but overall, for investors, it hasn't bared well, right? This is still a very speculative play. Okay, so moving over to the actual scanner or the actual screener. So I like to go over to all so that we can choose as many settings as possible and we have it all laid out in front of us. Okay, so a few different things that I like to scan for.

So for example, one of the things that I do like to scan for is the target price. Now analysts set certain target prices that a lot of the sheep investors follow. So if a stock is way below the analysts target price, we know that there's sort of a level of monkey resistance if you will that pushes the price up. As for example, let's say that Apple is trading at $100 and the analysts think it's worth $300 if a piece of news comes out for Apple.

All of a sudden a bunch of sheep investors are like oh my god, this is the news that's gonna get it up to that target price. So I like to see stocks with a target price that's like 50% above and then you can go through the list and scan to see where the target prices are. Now that's just one criteria that I like. There's tons of other things that I like to adjust for.

You can also adjust for earnings if you want to find an earnings date. We have great opportunities for that. You can find the ones that are today before market, open today, after market closed tomorrow, so on and so forth over the next five days. This is a great feature! I've covered this in the previous video, but this is a great feature to have because you could find all the earnings place.

Another thing that we like to look for is industries right? Which sector is the hottest right now? We already know how to identify sectors, but how do you narrow down certain sectors right? What if we want to narrow down basic materials right? I Don't know why you'd want to do that, but Biotechs the big one. What if we just wanted to narrow down the biotech place, we can go ahead and do that and it updates us with all the biotech place. That's a great feature to have. Sector-specific is also useful if you remember that heat map from back on the homepage.

You can choose a specific sector which is hot and then you can find stocks that are following that sector patterns Patterns: You can find stocks that are near support and resistance stocks that are in a wedge, upwards or downwards, wedge channeling, wedges, multiple tops, multiple bottoms, double top, blah blah blah. You could find patterns that you're looking for again. I Don't value all of these patterns, but you might find some value in some of them, right? Specifically, support and resistance. you could find stocks that are near your 50-day highs and lows.

For those of you who love analyst opinions, you could find analyst recommendations that are strong, buys or sells right? Strong sells. And that's another great opportunity because a lot of times stocks are over reactive and then analysts can kind of pick up on that before anybody else can. but this is another opportunity to scan for that. And I've only covered a few of the options on here, so you can already see just how many different specifications and options there are I don't know how all of them work I don't know I don't see value in all of them I don't use all of them.

there's just a few that I use. but this is a great opportunity to scan through and find different specifications that you don't really get on a lot of the other scanners that we use. And another thing that's useful is the Gap, right? If you're trying to find Gap ups or Gap downs, of course I'm a pessimist. I'd Like stocks that have just been beaten down, stocks that are down 10% blah blah blah.

they're likely going to be an overreaction. and we love buying over reactions like be me, remember, be me Randa Massively and then it got beat down like a rabid dog. Brn: this is a little bit too sporadic. we probably should have adjusted for volume, but whatever.

PRQ are these are all stocks that have just gotten beaten downright gapped down massively. Then we can keep going through until we see one that we like. This is one that I'd probably look more into because it's been being down so much, right? And you keep going through until you find the stock that you want another one that we like. You can also find gap ups.

By the way, Stocks they've just gapped up massively. Look, this guy went up 417 percent today. This one went up 71 percent, right? So why did it go 71 percent up? Well, you could look into it and dive into the details and dive into the news that's coming out. Another thing that I like to look at is look at the target prices right? We can see where our analysts ranking a certain stock right when it comes to a Chn where our analyst ranking it may 21st was the last ranking that's pretty old right? so we don't have that much information.

But when they did rank it, it was that $5 Where are we trading now? Are we trading now? 350? That's not a huge difference. Okay, let's like it. more. vibe.

This was another one that we ran up massively. This is another one that ran it massively. Look, it got me down like a rabid dog and I went to know them in the summer time, yet it's now breaking out. Does that mean that we're now reversing the trend that was in a downward direction? Who knows, right? We need to look more into the stock, but this gives us thin.

This gives us the opportunity to spot these plays and then look at them at whatever platform or whatever style we're looking at them with. and again, Analysts: they don't like this. Stock Analysts think it's trash trash folks, But that doesn't matter because we're looking at the technical analysis and we're using this to figure out exactly where all of our elevating and deprecating factors lie. What about this guy? What is he doing right? Breaking out: this draws different trend lines for you to trade off on right now.

I'm not a big preacher of trend lining support and resistance, but there's a lot of value in that, right? I Probably should talk about it more often. There's a lot of value in it, and we can go down here and look at the news and we could see what the analysts are saying. Again, Sometimes they're outdated, outdated analysts are worse than regular analysts and that's already pretty bad. So make sure to use this as a way to find opportunities and not have a way to convince yourself to enter a position at the end of the day.

This, this whole platform is excellent for finding opportunities. not great for evaluating them though. So use this as a way to sort of start your due diligence and then go on and research it a little bit more and then use a plan when you're trading these stocks. we have a ton of opportunities and we have a ton of videos on the channel that go into how to have a plan, how to approach a chart like this, and how to break it down and we also have a free separate or circle Facebook group where you could ask me, you can ask others, and you can ask a ton of different questions and follow up with other traders as to where the best opportunities are and how to take advantage of them.

But anyways, folks I recommend that you go ahead and you go to Fin Viscom and you practice using this practice different specifications and see if you could find stocks that you like, stocks that fit criteria that you're looking for and so on and so forth. But I Do hope this video is helpful if you have any questions, feel free to reach out to us below or join our free zip trader circle Facebook group the link to which is in the description below Remember one of the most important parts of skin for stocks is always remembering to hit that ravishing like one and also of course subscribing to keep up to date with our short, sweet and simplified videos on how to trade the stock market. Anyways, folks I hope you enjoyed this video and you saw some value in it and I'll see you in the next video.