Swan87's Trading Journal

[Swan87]

I suggest you use Stockcharts.com. They do all this for you and the charts are closer to the proper aspect ratio. The more squashed your charts are, the more difficult it will be to see the swings.

Db

A lot of lines there. Harder to see swings. I will try to next time to use stockcharts.com. Thanks!

 

[Swan87]

XLE sector

Have revised Energy sector.
It has some resistance to supply pressure. Now it is in a neutral position.
Need to see how it wll behave next.

 

[Swan87]

Xlf

Financial sector. The weakest stocks.
Some of the stocks were deleted due to my Buying power and Daily Average true range.

 

[Swan87]

Xlv

Healthcare sector. The weakest stocks.

 

[dbphoenix]

A lot of lines there. Harder to see swings. I will try to next time to use stockcharts.com. Thanks!

Go to this page.

Scroll down to Perf Charts. Under Create A Perf Chart, enter, for example, XLE and $SPX or XOM and XLE.

As long as you're going to do all this work, you may as well generate charts that are clear and informative.

 

[dbphoenix]

Financial sector. The weakest stocks.
Some of the stocks were deleted due to my Buying power and Daily Average true range.

If you're doing this for the practice, fine. If you're looking for trading vehicles, weak stocks are not the better choice. Weak stocks are for bottom-fishers (see the Appendix to the Burrow). They may take months to go anywhere. For short-term trading, much less daytrading, you'll want momentum stocks. Those will be found in the strongest sectors, such as Consumer Non-Durables.

Db

 

[Swan87]

Xlu

I have chosen Utilities and Consumer Staples sectors as the strongest.

Utilities sector with its strongest stocks.

 

[Swan87]

Xlp

XLP Consumer Staples

 

[dbphoenix]

I have chosen Utilities and Consumer Staples sectors as the strongest.

Consumer Staples and Consumer Non-Durables are the same thing: XLP.

 

[Swan87]

Go to this page.

Scroll down to Perf Charts. Under Create A Perf Chart, enter, for example, XLE and $SPX or XOM and XLE.

As long as you're going to do all this work, you may as well generate charts that are clear and informative.

Oh, thats much better. Thank you! For sure will use it!

 

[Swan87]

If you're doing this for the practice, fine. If you're looking for trading vehicles, weak stocks are not the better choice. Weak stocks are for bottom-fishers (see the Appendix to the Burrow). They may take months to go anywhere. For short-term trading, much less daytrading, you'll want momentum stocks. Those will be found in the strongest sectors, such as Consumer Non-Durables.

Db

Yes, I am looking for active stocks, to trade intraday. Do you disapprove daytrading?

If we can use the same principles with smaller waves, why not to trade? Not just trade something, but using situations or places where money from a higher Time Frame can be interested in a move.

Bottom Fishing. Market can change its direction and can go lower. If the weakest stocks are for bottom fishing, then what stocks we should choose to trade on the short side?

Thank you!

 

[dbphoenix]

I have nothing against daytrading, but one must select what's appropriate. Something that just sits there is not appropriate.

 

[Swan87]

The Strongest stocks in XLP

The Strongest stocks in XLP

 

[Swan87]

The Weakest Stocks in XLP

Comparatively weaker stocks in XLP