RE: Sectors and Industry Group Question
(2022-02-10, 01:53 PM)isatrader Wrote:(2022-02-10, 12:30 AM)Texasmgax Wrote: When you're looking to "buy in the leading groups/sectors" in general, what kind of time frame are you looking at in terms of a leading sector?
Leading today or this week? Over the last month? Quarter?
Thank you in advance
I use the Relative Strength tables that I post each weekend for the members to see groups that are improving and then delve down into the individual charts within the most promising groups. So for example I start with the weeks strongest group, and then look out to longer time frames or 2 weeks, 4 weeks, 12 weeks etc. As in order to get into what will become the leading groups, you need to identify them earlier as they are improving and moving up the RS rankings. As if you wait until they are in the top 10. Then the leading stocks in the group will have already had huge moves and will be hard to buy.
But you'll also find that once a group gets into the top ten that it can stay there for a long time. But to get the best entry points in late Stage 1 or early Stage 2 in the leading stocks in the group, you need to watching from when the signs of improvement first appear. As the leaders will move into Stage 2 first.
Perfect! Thank you very much for your time.