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Replies to #27053 on Cycle Trading
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jaws57

02/03/23 10:19 AM

#27054 RE: jaws57 #27053

I got the sector idea from Duma, basically looking at a chart using Support/rez trendlines and some indicators, mostly sight picture, for me anyway.
Im not trading it but plan to jump in soon as I figure which acct to use and allocation. Is this long term investing or intermediate term trading? Im not sure.

I like the simple allocation, I was thinking along those lines except more allocation to XLK,XLV,XLE and less to XLC,XLB,XLU.
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No-Quarter

02/03/23 12:17 PM

#27056 RE: jaws57 #27053

Here are my XLE pair (backtest) trades for NRGU/NRGD for the past 6 months.





Actually this makes a good argument I should stay away from an ETF with price action well below the 200MA. I have to look at this a bit more. Does this answer your question?