Here are correlations between the SPY and the nine S&P sector ETF's using 5-minute bars for 1, 3 and 5 days.
Ticke 1day 3day 5day
XLK 0.9829 0.9823 0.9736
XLI 0.9821 0.9811 0.9358
XLY 0.9748 0.862 0.9172
XLP 0.9688 0.5208 0.6053
XLV 0.9448 0.955 0.4322
XLE 0.9431 0.4868 0.4359
XLB...
Quick clarification, the hypothesis I'm investigating is whether or not I can use the market or an ETF as a leading indicator for a .15-.30 move in a stock.
I appreciate the feedback and link, but I'm not heading down the pairs trading road on this one.
Does anyone use correlations between stocks and indexes to day trade? This could be a market index or ETF. This could also be sector index or ETF.
My general trading is mostly to focus on the technical pattern of a stock and use the various inflection points for entries and exit.
If I'm...
Art's futures biases for Sep 25.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
For Thursday, the CzarCharts are giving solid buy signals...
Here's a question that Elite Trader members are typically helpful at answering.
When testing systems across various trading instruments, how do I maintain an apples-to-apples comparison? My trading partner has been building trading systems for futures for many years, but we recently started...
I have both a Coldfusion and a PHP website for traders. I have an immediate small ColdFusion project. I would like to find a trader (or someone interested in trading) to be the new regular contract programmer(s). Drop me a note and I'll send you the project needs and website.
Thanks,
Dave
Art's futures biases for Nov. 24.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 9.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 8.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 7.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 3.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for April 11.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.