One of the smartest ways a trader can track the strongest stocks in the market is by using a Cumulative Strength Index scan…
Traders can use it as a barometer for the broader stock market, which helps them gauge things like the S&P 500 to find the hottest sectors and stocks to trade… Because once a company gets to the upper edge of it, it tends to stay there for some time.
You’ve probably also picked up on the fact that Energy has been leading all sectors, followed closely by Consumer Staples…
These have been the hottest sectors of late. But because things have been so volatile, it’s important to go into even more detail to show you how a CSI scan works in both bullish and bearish markets.
Learning how to find a pairs trade is one of the easiest skills to learn, and it can also be the simplest way to sow the seeds of victory in a traders’ account.
I hope you’ve been following along with the analysis here and paying attention to what’s been going on in the stock market over the past several weeks, and really most of 2022.
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