As promised in the webinar, if you click on the screenshot above, you'll see the 40 stocks that make up my basket of stocks. There are five stocks from each of eight sector groups: materials, industrial, consumer discretionary, consumer staples, energy, healthcare, financial, and technology.
If the stock prints red, it is down from its opening price. If it's green, it's up from its open.
In a trending market, we'll tend to have dominant red or green. When we see mixed red and green, we're more likely to have range bound conditions, as there is no dominant trend at the day time frame (i.e., from the market open).
It's been a very useful tool for me.
.
Posts
