One of the indicators that I scan with utilizes the CCI – Commodity Channel Index. I have included a few charts below from the results of my scan (with a setting of under -150):
Here we have the Daily chart on IWM showing the CCI indicator has been down with the Titanic lately.
However, previous readings this low have provided a very nice buy entry in the past – so worth noting.
Now on to a few other examples.
The two examples above are WFC and QCOM. Again, previous readings of CCI under -150 have resulted in nice buying opportunities in the past (although I am not a big fan of WFC here).
Buy Low, Sell high.