A View From Above, and  Afar

There is no doubt that finding multi-bag single  stock trades can change portfolios and personal fortunes. But, trading as a job often involves finding consistent , pay the bills (PTBs)  type opportunities. So if multibags generate wealth, PTB trades generate income.  One of the best ways to do this is to try and align your trades to the bigger picture: so they are effectively  trends within trends.  One good way of identifying trends is to look at sector behaviour over time on a relative basis. Like many  of the plots on Run Profits, these are very simple relative strength indicators. All stock charts only contain 3 variables (and just 2 for ForEX) : price time and volume: every other indicator, oscillator , wavey line or cloudy cloud are derivatives of these . In the reports on RP , I like to combine relative price strength as a function of time.

This allows RSI studies  with time over pairs like daily/weekly..weekly/monthy and so on

Here’s a plot of all 1808 stock prices  I currently: price change since  the start of 2022 compared to the last 3 months;  this gives a long term top down view of what’s leading and lagging

Zooming out in tinescales over the past Quarter and YTD, the plot below shows the major leaders and laggrds in terms of sectors

Whyd do this?