Understanding the direction and strength of each individual sector is an important step in security analysis. It is an integral step in the top down approach we apply to finding our DailyPlay ideas. From the feedback received, we are introducing our new Sector Relative Strength Watchlist for the SPDR Select Sector ETFs. You can find the new “SPDR Sectors” watchlist on your platform and easily see the Weakest to Strongest sectors simply by sorting the Technical Score (1-10). Combined with our 1m/6m trend analysis, it provides a powerful directional view of the sectors directly from the watchlist. Look for strong stocks in strong sectors for bullish candidates, and weak stocks in weak sectors for bearish candidates.
Additionally, we’ve also added 10 new watchlists for each of the 10 SPDR Sector’s constituents. Easily scan the stocks within each sector and sort by Relative Strength to quickly find bullish and bearish setups! Lastly, leverage our Trading and Income Panel on any symbol to find explosive option strategies!
Please view our Webinar on Finding your Directional Edge recording for a detailed walk-through of how to use our new Sector Relative Strength.
Receive a free 30-day trial to OptionsPlay by visiting http://www.optionsplay.com