Intraday Change % Comparison: Strongest 1-Month RS Groups vs Weakest 1-Month RS Groups
Always prioritize relative strength first, setup second. Try working it top-down: from segement i.e. $iShares S&P 500 Value ETF(IVE)$ value vs $iShares S&P 500 Growth ETF(IVW)$ growth, to sector i.e. $Health Care Select Sector SPDR Fund(XLV)$ vs $Communication Services Select Sector SPDR Fund(XLC)$ , to industry groups. You’ll often find the stock setups within the strongest groups will not take out your LoD stops randomly/easily with price action resilience. You can even simplify it by trading the RS group ETFs directly:
$XAG/USD(XAGUSD.FOREX)$ $XAU/USD(XAUUSD.FOREX)$ $ProShares Ultra Bloomberg Natural Gas(BOIL)$ $Direxion Daily S&P Biotech Bull 3x Shares(LABU)$ $iShares Biotechnology ETF(IBB)$ $Global X Lithium & Battery Tech ETF(LIT)$
If you are good at finding setup but not getting results, you need to continuously refine your process to reduce randomness and improve consistency in your monthly trading review. What may appear to be a “5-star” setup in your eyes might not be validated by the market — unless there’s clear accumulation from institutional players to begin with.
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