The bull scan is derived from a combination of strong momentum, a good chart set up, and high short interest in midcap or larger stocks. It is intended to be used as a source for possible day trades, but some names continue to hold there for several days. I also use it as a way to gauge market strength and breadth, as well as sector rotation.

13 names on the bull scan for Friday including 4 Basic Materials, and 3 each Tech and Services.