10
Aug
Trade.MasterDATA.com Open for Biz
One of the most difficult leaps when digesting composite breadth data is “What do I do with it?” Most people get the fact that data on the constituents of an index or ETF makes sense and must, somehow, be useful. But no matter how many times I repeat the mantra “composite data is good, composite data will help you trade better, composite data is the best thing since sliced bread” it is hard to see the next step. Using it.
Introducing, Trade.MasterDATA.com. This new site, or actually, new section of the MasterDATA.com site, is dedicated to helping bridge the gap between “I believe the data is of value” and basing a trade on composite breadth data. As a beginning, it provides an up to date filter of some commonly followed applications of composite breadth data. But just because I say “commonly” don’t relegate the reports to the scrap heap without looking at them first.Â
First, there is the current day’s reports. This one is a gimme for anyone presenting trade indications. Several reports list indexes and ETFs matching certain criteria like 50% of constituents in an up trend or composites with more than 70% (or less than 30%) of constituents trading above their 200 day moving average (this one is a long used institutional grade trade indicator). Current day filters like this are good, but we then go one step beyond. We go back for the previous 20 trade sessions providing the same reports and updating with current profit/loss, maximum gain and maximum loss. Go there and explore a bit. You’ll see what I mean (I hope).
If you have your own ideas for filters, let me know. If it makes sense, we’ll add them on. For now, all this is free and no subscription required. An RSS feed is also in the works.
Once again, here is the new URL:
Thank for your support. Enjoy.
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