ProShares Trust Ultra VIX Short Term Futures ETFArca
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Using the TradingView screener is a great way to find individual stocks that are breaking out, but how about looking for Sectors and Industries that are doing the same - breaking out - or even in a bubble.
TradingView allows us to do this very simply by BROWSING through Sectors and Industries and sorting them by performance. Super simple, super intuitive.
You can then sort stocks in the Industries you are interested in by their performance to see which ones are the market leaders in their particular industry and open and bookmark them for further analysis.
It's just a nice simple way to get a different view of what is happening in the market.
On a big down day, I like to look at Sector performance for the day and buy the sectors that either are up for the day or aren't down as much as the rest of the market. It's a good bet that they're much lower risk or even poised to benefit from whatever's affecting the rest of the market. Last couple days, pharma, staples, and financials looked good.
SavageJayZA
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@ChristopherCarrollSmith I had to come back to this post after exiting thinking i may have missed out on a gem of knowledge. And my intuition was right. Thanks for the knowledge!