Percentages of stocks in bullish/bearish territory

Here are industries and indexes in bullish and bearish territory as of the close yesterday.

I’ve been long for a while now in transport via the XTN and IYT etf but they are low volume, so if you trade a big amount maybe is better to look for the leaders in the industry.

I’m still long the DOW with DIA, and been short for a while with IYR. However the etf keeps going up even though the majority of companies in the REIT industry are on bear territory, it has to do with the major holdings.

Financials jumped to short territory yesterday, futures are up this morning so let’s see what the day brings.

Shalom all,

Insurance

Is one of the industries that jumped to positive this past Monday.

I used an indicator without smoothness for this chart, although it produces more trades and some whipsawing the results are positive if you trade with consistency.

I used the KIE etf, Let’s see the numbers:

From close to close:

Jan 28 – 30.08 short

Jan 30 – 30.12 cover and long: Loss -0.13%

Feb 4 – 30.77 sell and short: Gain +2.12%

Feb 5 – 30.82 -cover and long: Loss -0.16%

Feb 6 – 30.83 – sell and short: 0.00%

Feb 11 – 30.75 cover and long: Gain +0.01

Net: 1.84% (2 profitable 2 loser trades), 13 trading days

Al cierre

Al cierre los porcentajes a la baja quedaron todavía dominando el mercado general pero los grupos están divididos.

En estas industrias el porciento de stocks en territorio positivo supera las de expectativa a la baja:

Medicina, Industriales, Tecnología, Productos de consumo básico, Utilidades y Transporte

Estas industrias al cierre quedaron con porcentaje a la baja superior:

Bienes raíces, Autos, Finanzas, Ventas al detalle, Energía, Materiales Básicos  y Productos de consumo discrecional

Mercado a la alza con volumen menor al promedio, como les dije yo no cierro posiciones basado en precio sino en los indicadores, al cerrar el día mantuve abiertos todos mis shorts, solo un cambio general en los indicadores me llevará a cubrir.

At the opening

This is at the open today (10:00 am), I’ll post at the close

Shalom

Swing trading is all about probabilities

The SPY volatility is incrementing a bit since last Thursday maybe signaling the start of a pullback.

On February 7^th the percentage of stocks in bearish territory surpassed the ones in bullish zone, first time since December 26.

Here is the SPY with the percentages, our choice would be for going short now, obviously a daily following is needed, if the bullish percentage  goes up tomorrow we'll have to rethink the trades.

We keep the trades until the indicators take us out.

Swing trading with the percentages

One of the weakest industries at today’s close is Financials without Insurance Stocks.

It is almost 50-50% with stocks in long and short position.

Here is BAC accompanied with the percentages.

And an update on Autos