I know what you’re thinking. This market is bouncing all over the place and there is very little leadership. At a time like this where China is collapsing, the domestic market is experiencing tremors and the Fed’s about to raise rates, how could I possibly be talking about momentum stocks? I mean, am I crazy?

You see, that’s just the thing. Even in a market this wild, where zigs seem to zag and yins seems to yang there are still momentum stocks to be found. Sure in a raging bull market it’s easy to find these stocks. Heck, throw some letters up on a dart board and go a few rounds and you’ll find plenty of tickers that seem to be momentum stocks. Where the real bread and butter is made is during rough markets like this. This is where we separate the Pit from the Poodles and the platinum from white gold.

The formula is the same, the constraints just widen a bit. There are still key characteristics of top momentum stocks that we are going to see in every market. We still want to have Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks . The Zacks Rank has withstood the test of time, dating back to 1988, so of course we have to start there.

Then sprinkle in a Momentum Style Score of “B” or better. This knocks out a lot of the screening process for us as the score takes into account many factors including volume change and performance relative to its peers. All I have to do is put the cherry on top by looking for stocks within 10% of their 52-week high. This is the only criteria I need to change in a rough market as a selloff will drop stocks across the board. The ones that remain near their highs are even more remarkable in markets like this and stocks you should really take note of.

Express (EXPR – Snapshot Report)

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30 year old customer. The company has over 30 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The company currently operates over 600 retail stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, in Canada and in Puerto Rico.