Read previewJohn Rodrigues works a full-time 9-to-5 job as an associate manager in operations at PGIM, Prudential's investment management arm.
And vice versa, if the index is high, it signals high volatility and fearful investors, indicating that the market may be reaching a low.
Here, he can see different metrics for stocks, allowing him to watch for signals he likes to trade on.
He also looks at the stock's day's volume; if it rises above 25% of its 50-day volume, it's another likely trade.
But perhaps one of the best signals that a breakout is about to really outperform the market is those with very high volume relative to the past two years.
Persons:
—, John Rodrigues, doesn't, Bob Brinker, Brinker, Rodrigues, Norman Zadeh, " Rodrigues
Organizations:
Service, New York Stock Exchange, Business, Companies, Nasdaq, Investors Intelligence, IBD, Micro
Locations:
PGIM, Chicago