Summer's here, the market's in a funk, and CNBC is as boring as it can be. Nevertheless, I want to make some money and have some fun doing it. There's no better way than to trade explosive low-priced stocks.

You may recall that we gave a presentation on "How to Find Explosive Low-Priced Stocks" at the Traders Expo in Ft. Lauderdale. We liked it so much, we added it to our Technical Analysis Course, also given in Ft. Lauderdale. The attendees loved it. While I can't give you all the details in this essay, I can share some of the key factors in finding these guys.

First of all, we define explosive low-priced stocks as those that are less than $6.00 per share and are likely to double, triple or quadruple in a matter of days or weeks. For example, Nutri Systems first hit our radar screen on 10/21/04 at $2.25/share. Our Teeny Boppers search found it 14 times in January 2005 at less than $4.00 and it appeared in the VectorVest Views 11 times in 2005, the first time at $10.10. It closed at a high of $74.86 on May 10, 2006.

The second important factor in finding explosive low-priced stocks is that VectorVest has the system, tools and methodology for getting the job done with considerable ease. All you need to do is point and click your mouse on a strategy such as "Price-Volume Winners," and the stocks are presented to you ranked by VST-Vector. Although VST is a wonderful indicator, it pays to look at the graphs. This is what the TA Course is all about, and looking at graphs is the third key factor in finding explosive low-priced stocks. The best choices are the stocks that are breaking out of long-term consolidation patterns, hitting successive new price highs and having smooth chart patterns. Look at a three year daily graph of Nutri Systems and you'll see what I mean.

Finally, our presentation featured four strategies: Price-Volume Winners, Teeny Boppers sorted by VST, FWS Favorites and Best New Highs/BMB. Try them, they're great. Even so, a new search, Price-Volume Winners SC, (the SC stands for Super Charged), is being demonstrated as this week's "Strategy of the Week." If you can't make it to a show or VectorVest Course, the next best thing to do is visit The VectorVest University. It pays to know how to find Explosive Low-Priced Stocks.