I was talking to my trading buddy and he mentioned that he read that 40% of Russell 3000 stocks are 30% or more off their 52-week high. To us that sounded really bad. But as usual, we asked is it? Or is this normal when we finally cross under the 200-day moving average after a long time being above it.
Going into this, I had lots of questions. How is this stat on the S&P500 stocks? How has the market done 6 to 12 months later compared to the average? Is the difference in performance significantly different from the average? Do we have enough occurrences of this pattern?
Continue reading
My private trading group will be discussing these results. Join for a
free 1-week trial and attend live or watch the recording. For more
information on The Crew, click here. |
|
Good Quant Trading,
Cesar
Join my private trading club, The Crew.
Gain access to strategies, trading education and more. Free 1 week trial.
|
|
|
