Originally posted at Capitalstool
From the Department of BTC Leads, this is one shred of hope for the equity bulls that stocks won’t break down further here. Now, over many months, we’ve seen BTC lead stocks, frequently. But once in a while, it works the other way. So I wouldn’t hang my hat on this. I’ve never been a big believer in intermarket relationships. They tend to change over time. Trade the chart that you’re trading.
Besides, over time BTC is going to 5000 below zero.
Meanwhile, Technical Trader Swing Trade Screen picks are doing very well indeed, currently 15 picks, 15 gains, with an average gain of 6.2% on an average holding period of a week and a day. Too bad we can’t annualize that, but moves like this are few during the year. We just need to catch them, and the screens do that. They’ve also been helpful in keeping losses to a minimum in churning, rangebound markets that are meat grinders for swing trading. Taking advantage of trends and keeping loss exposure low when the market is simply churning, is what it’s about.
