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Secret stock map

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GT DRAFT 02.05.18
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2


Mapping Out Your Trades 
 
If you are like most people, you probably consult a map through the GPS on your phone or 
computer before you travel somewhere that you have never been. Like you, I always find that 
it’s helpful to have a plan BEFORE starting out to ensure I’m not going to get lost along the way 
or be late. 
If you trade options, you probably also have your own method for selecting candidates and 
mapping your trade strategy. Just like in your travels, a trader never wants to get lost or be late 
when it comes to a trade. 
What if I told you that there is an online “map” for options traders that quickly helps to identify 
possible trade “destinations” and which direction to consider in your trade, so you could quickly 
focus your attention on these specific candidates?  
What if I told you this map was free?  
Would you be interested? Of course! 
Out of the thousands of stocks in the wide world of the stock market, I am going to show you 
how to use this “map” to narrow your focus to a few that could be getting ready to move, 
based on your trade strategy. You will be able to quickly look at this picture and see the 
information you need to pick a few stocks on which to zero in. 

The map can be found on FinViz.com ( />with FinViz, but I have found this tool to be very valuable and completely free to use, so I 
wanted to share it with you.  
Here are the basics. The picture below shows Standard and Poor’s 500 index (S&P 500), 
categorized by sectors and industries. The size of each box represents the stock’s market cap. 
There is a color key at the bottom right hand corner that indicates today’s performance in 
percent. Shades of green reflect gains, and reds reflect losses. 
This is a quick snapshot of the market around the time that you are viewing the map (within 3‐5 
minutes). It is also possible to change the filter on the map to view all of the Exchange Traded 
Funds (ETF).  
 
 
 
 


As you can see, it is possible to readily make a list of potential trade candidates, based on the 
movement of the stock for the day. However, this free tool offers much more. 
Let’s look deeper at the information it gives you. If you hover your mouse cursor over a ticker, it 
will pop up with its major competitors in a stacked view with a 3‐month history graph.  
 
 

 


We have hovered over JP Morgan Chase & Co. (JPM). In the pop‐out box, you see JPM, followed 
by Wells Fargo, Bank of America, Citigroup, PNC Financial, SunTrust, and Comerica. Beside each 
of those is the 3‐month history graph for each.  
In this quick snapshot, you can see that every one of these stocks are at highs that indicate that 
they may be overbought. On the map, JPM and the others are shades of red, reflecting that 

they may be ready for a pullback. This quick look would alert you that those stocks may be 
candidates to watch for a drop. Depending on your trade strategy, these could be good picks 
for Puts. You would still need to check earnings and follow all of your other trade rules, of 
course. 
What a fast and easy way to find stocks to watch or check out further! 
Let’s look at another map below. Here, I am changing the map to show Exchange Traded Funds 
(ETFs) rather than the S&P 500. The size of the boxes represents the three‐month average 
dollar volume, with a $1 million minimum. 
Highlighted are the Industrial ETFs. You can see on the map they are mostly a purplish color, 
indicating a small drop in the stocks. On the pop‐out window, you can see that these are also at 
highs and could be due for a sell off.  
 


 
 

 


Within each map, it is possible to double‐click on any stock and get much more detail. Below is 
information provided on The Walt Disney Company (DIS) ‐ everything from intraday/daily/ 
weekly/monthly charts and financial snapshots to Disney‐related news. 

 
It is also possible to drill down further into specific sector or industry comparisons through the 
hyperlinked information below the stock name. 
 

 



Another neat feature of this site is the bubble picture that maps out gains or losses for the 
different sectors. You can see the legend at the bottom that shows what color each sector is.  
The size of the bubbles represents Market Capitalization.  On the left side of the picture is the % 
of movement. The higher the bubble the more gain it has had. The grouping of colors allows 
you to have a clear picture of sector trends. On this sample, SERVICES are leading the way. 

You are also able to change the X and Y axis of the picture. Say you want to see the income and 
sales growth for the last 5 years. The picture below is what that would look like. Apple (AAPL) is 
way above all others. 


Finviz is short for Financial Visualizations. Being an artist, I like the maps with all the vibrant 
colors and pictures. If you prefer a more technical approach, there is a Screener with options to 
narrow your focus to a manageable list of stocks that fit the criteria for which you are looking. 
You can use this for any strategy by changing the filters.  
Your trade strategy will have its own criteria and focus. In most approaches to identifying trade 
candidates, including my own personally developed trading strategies, I have found that, for 
many of the best trades, you will find the following three elements: 
1. The equity has been recently overbought or oversold so there is a large possible move 
to recover to the previous high or low. 
2. The equity has formed a bottom or top and has reversed, starting a new trend 
3. The chart gives a confirmed entry signal 
With the maps we were looking for stocks that are overbought and oversold. We can do the 
same with the screener using some specific criteria as filters.  
For Long (Call) candidates, for example, we would filter out stocks that are Oversold.  
The default on each filter is “Any”. We will change the following to find the Oversold stocks.
Descriptive Tab 
Target Price ‐ Above Price 

Average Volume ‐ Over 1M 
Current Volume ‐ Over 1M 
Option/Short ‐ Optionable 
Price ‐ over $30 
 
Technical Tab 
Under 52 week‐high/low ‐ new low  
RSI ‐ Oversold 
 

This is a sample of what you will see using those variables. You can hover over each stock to see 
a three ‐month chart. 
 
 
 


Only a few areas need to be changed from the Oversold criteria to find Overbought for Short 
(Put) trade candidates. 
Descriptive Tab 
Target Price ‐ Below Price 
 
Fundamental Tab 
 52 week‐high/low ‐ new high 
 RSI – Overbought 

This is a sample of what you will see using those variables. You can hover over price to see a 
three‐month chart of each candidate listed. 
Depending on your specific trade strategy, there are several filters that can be accessed in the 
screener to refine your candidate list. The image below shows the full list. 



The Overview tab is highlighted at the bottom. There are other tabs that provide different 
snapshots of information that can then be sorted according to the column that you select. This 
tool provides great versatility, especially as a free resource. These tools can be utilized in any 
trading strategy. 

Putting the Tools into Practice 
Using these tools in conjunction with my easy‐to‐learn Shark Fin strategy, for example, I was 
able to identify that Goldman‐Sachs, a high ATR stock, was oversold on November 28. Its price 
on the 28th was 234. Using the Shark Fin Call entry signals, if a trader had purchased the Dec 
235 Call option on the 28th, he would have paid $4.25 a share or $425 for a contract. Using the 
strategy’s exit signals, he would have exited the trade on November 30 as the stock rose to 
being overbought at $250 per share. On that date, the 235 Call was worth $9.50 per share or 
$950 per contract. The value had doubled! Who doesn’t love a 125% increase? 

 
Using the Finviz tools with the Shark Fin Put strategy, I was able to recognize that Nvidia (NVDA) 
had moved into overbought territory on November 27. Its price was $216 on the 27th. Using the 
strategy’s entry signals, if a trader had purchased the Dec 215 Call option on the 27th, he would 
have paid $4.45 a share or $445 per contract. Watching the stock on Finviz and using the Shark 
Fin exit signals, a savvy trader would have exited the trade on November 29 when the stock was 
trading at $191 and was dropping into oversold territory. The 215 Strike Put was worth $8.40 
per share or $840 per contract on that date. This is an 89% gain! 


 
These tools make identifying key stocks to target a breeze! 
There are several other features you will want to explore, depending on your specific trade 
strategy. These are two of my favorites. I think you will find that the various tools this free site 

offers are fantastic and easy‐to‐use. 
The information that you are quickly able to grab from the maps and screener will help you pick 
stocks to watch, saving you time for candidate analysis. You can customize your maps and 
screener for the information you would like to see, and then double click on stocks to see more 
detail. From there, pick your stocks for your personal watch list. It’s that easy! 
Finviz.com does not require a sign up to explore the free charts. They do offer an Elite 
membership at an affordable price that provides valuable extra features such as real‐time 
updates and pre‐market information. However, every example shown here is free to everyone.  
Having a map before you set out on your trading journey will help to ensure that you reach 
your destination. I know you will love this tool! 
Happy trading! 
Wendy 



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