Key Points Re-Cap
                       Before we identify and discuss the filters to  selectyour day trading stocks (same filters can be used  for  short-term  positiontraders), lets quickly recap some key points:
                       We want stocks that have:
                                        Strong   relative    and    absoluteperformance versus the S&P 500                                      Excellent liquidity, which means  goodvolume and narrow spreads.                                      The  best  technical  and  fundamentalprospects to move higher                                      Are members of  S&P  500  or  NDX  100indexes, so we can benefit from the added volatility  that  program  tradingprovides. If the market shifted away from big caps, which is  unlikely  nearterm, we will make the same adjustments the General make to  outperform  theS&P 500.                                       Uptrending  stocks  (sells  reversed)are better day trading stocks than range bound stocks. We want the  momentumplayers on our team and as many accelerators that want to play the  game  aspossible.                                       Stocks  with  volatility   and   goodaverage daily range.
                       Use the Generals  as  our  research  department.  Letthem select the stocks – no one does it better. We will select those  stocksto day trade that are in the strongest uptrends  and  where  we  spot  thosesituations when the buyers are more aggressive than the  seller(s).  In  thefinal part of the process it’s what IBM is going  to  do  in  the  next  twominutes that matters most. Remember,  though,  that  you  don’t  go  to  warunless you prepare for war.                       Understand that  stocks  will  present  more  dynamicshort term trading opportunities when they are under or  fairly  valued  andthey run out of buyers at the extreme valuations.