Last weekend I put together an experimental version of the Persistence UP and DOWN lists, intended to react faster to the market and to get into trends earlier. As it stands right now, and that could change, it is almost identical to the original formulation explained in the Explanation page to the right, with the following exceptions: (1) It uses two sliding timeframes, 8 and 13 days back, and (2) It doesn’t have quite all of the filtering to produce clean, tradeable stocks, (3) It has zero “prior” days. If this seems opaque, sorry, please see the Explanation page to the right.
The reason I’m bringing this up is: If (and I mean IF) these lists behave like the Persistence UP and DOWN lists, I might be seeing a signal that could lead to good trades in the next few days. Look at the DOWN list (below).
WBS DOW RRD AMAT ATHR FCS JBL MRVL MU SNDK COG SU XEC AXP AGO MFC WYNN TEX USG ANR FCX MEE PCU STLD EBAY JWN WFMI WSM TKLC NSC UNP
ASBC KEY FMC POT PALM ATVI ABT BMRN CRL DNDN GENZ HSP FSLR CME NDAQ GIS HANS K KO PEP SFD BCR DGX DVA RMD THOR WLP AIG AOC BKC KR CAL DAL TK HE POM
Notice the heavy Drug, Food, and Health participation in the DOWN list. And notice that, clearly, some/most of these stocks are sideways to, even, up. In the midst of an (agruably) weakening uptrend in many stocks, in my opinion, if the market were to turn weak, several of these stocks in the DOWN list would provide sweet trend-days down.
I’m preparing accordingly.