Re: A TRADABLE CONCEPT?
Sorry for the somewhat sloppy nature of my post, I see we are both commodity plays although different ones. How does your screen backtest?
For my relative strength #'s, I am using below 2 for my long, the higher the # the less profitable, but still good #'s.
Currently the long screen is really quiet with only a few commodity plays: USO, CFC, OIL
Close reached a new 5 Day Low
and Close above MA(50)
and Close above MA(200)
and RSI(2) below 2
and Close above 10
and average volume(30) is above 25000
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For shorts I have alot more, the most I think I have ever seen going back a few years! The last 9 times (as far as I went back) that there have been 5 or more that met the criteria, 8 times the S&P was down 4 days at an average of 0.74%
CRH
GVA
HIX
HUBG
IMKTA
MINI
MQY
MUS
NAD
NIF
NPT
EAD
JPC
JPS
BMTI
NZF
FHY
HYT
HPS
FHI
FRB
BAC-W
KEY-E
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