Earlier this year I posted a link to the indicator data, so you can see for yourself. As per recent request, I’ve updated the data in the Google Sheets document. Here’s a link.
It actually turned red on October 25th, but I was away on vacation and couldn’t update it right away.
Interesting to compare how low the indicator is, as compared to the S&P 500. While the SP500 has traded in something of a range since the drop on 9/9/16, the wider breadth indicator has taken a serious plunge over the last week.
What does it all mean? How should I know?! Why do you ask me those silly questions anyway?
My breadth indicator has turned green. You can read more about it here.
As traders, we spend a lot of time thinking about our entries into a trade. What stock, commodity or currency to choose, when is the best timing, etc. But what if the entries don’t matter? What if trading is all about the exits?
Ok, that’s a really simple-minded statement, but I’m a little simple-minded, so stick with me and let’s see where this goes. I wanted to see what it would look like to pick stocks randomly, and exit with a trailing stop.
What’s the catch?