S&P 500 Sector ETF Momentum Rankings

Discussion in 'ETFs' started by AndersenBands, May 3, 2018.

  1. Trade only from SPY and QQQ and use 7-day ADX Buy, positive Weighted Alpha and ranked high volume for screening for stocks which pencil out at the strike price you require.

    For a stock or ETF with a bullish TSI (green line higher than red line), sell a put at least one standard deviation OTM, two if it looks overbought by being more than two standard deviations above the 252-day exponential moving average or by having obvious TSI divergence.

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    #311     Apr 26, 2020
  2. I'm thinking that dealing in only the highest-weighted-alpha stocks and continuous SPY is the way to go.

    The positive 14,20,1 MACD requirement is intended to keep you out of the rare crashing stock which would qualify as a trade otherwise.

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    #312     May 3, 2020
  3. 7-day Average Directional Indicator isn't an accurate way to screen for bullish True Strength Index, so I leave that out and flip through the charts of the top screener results for them.

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    #313     May 5, 2020
  4. I simplified the trading system.

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    #314     May 6, 2020
  5. I decided to gunsling it with a good old-fashioned 14,20,34 MACD Awesome Oscillator.

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    #315     May 7, 2020
  6. Those Linear Regression Channels took up a lot of room. To easily select a strike price, simply select the Moving Average Envelope which matches your comfort zone.

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    #316     May 8, 2020
  7. There are sometimes honey holes on the naked puts screener, so I decided to trade just honey hole stocks and continuous SPY.

    If the 20-day ATR is higher than the 14-day ATR, place your strike price on the MAEE that you are most comfortable with, 11-day or 22-day or further OTM if especially weak or vulnerable. If the 14-day ATR is higher than the 20-day ATR, you must place your strike price on the MAEE that you are most comfortable with, 22-day or 33-day or further OTM if especially weak or vulnerable.

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    #317     May 12, 2020
  8. The bid-ask spreads on the Naked Puts Screener were a little too wide, so....

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    #318     May 13, 2020
  9. So I put Volume on the chart and I screen for ranked high volume and I find a naked put screener result or a covered call screener result which is high volume and I find strike prices with not-too-wide bid-ask spread that look acceptable on the chart. Might not pay out much more than SPY but hopefully isn't much more risky than SPY. A conservative strike price that doesn't pay much (bear), strike prices that pay a little more, and a strike price that is as high I dare go (bull). Bears make money, bulls make money, but pigs get slaughtered.
     
    #319     May 16, 2020
  10. Trading rules:
    If the ATR 14,20 is green and the RSI-3 is blue, place the strike price on the green MAEE 11,11.
    If the ATR 14,20 is green and the RSI-3 is red, place the strike price on the blue MAEE 22,22.
    If the ATR 14,20 is red and the RSI-3 is blue, place the strike price on the blue MAEE 22,22.
    If the ATR 14,20 is red and the RSI-3 is red, place the strike price on the blue MAEE 22,22 if strong and on the red MAEE 33,33 or lower if weak. In a crash you may have to go the equivalent of a MAEE 66,66.

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    #320     May 17, 2020