What should i buy today

Screening Filters & Rationale

1. Market Cap ≥ $10 billion:

   • Purpose: Focus on large-cap stocks with established market presence.
   • Rationale: Large-cap companies tend to be more stable and less volatile, aligning with long-term investment strategies.

2. Weekly Average Turnover ≥ $1 million:

   • Purpose: Ensure sufficient liquidity for easy buying and selling.
   • Rationale: High turnover indicates active trading, reducing the risk of illiquidity.

3. RSI (14) ≤ 70:

   • Purpose: Avoid overbought stocks that may be due for a price correction.
   • Rationale: RSI below 70 suggests the stock is not excessively overvalued, providing a better entry point.

4. Weekly Price Change ≥ 0%:

   • Purpose: Focus on stocks with positive momentum.
   • Rationale: Positive price movement indicates potential upward trends, aligning with growth-focused strategies.

5. Index Component: S&P 500 (GSPC):

   • Purpose: Limit selection to well-established companies within the S&P 500.
   • Rationale: S&P 500 components are typically industry leaders, offering stability and reliability.