The definition of longer term bullish trend (needed to pop up in of the 4 the quad buckets) = proprietary
If something pops up in a quad bucket it is short term and long term bullish trend (like Biotech now).
Best of all worlds: we have a Quad 1-2 (not the case now) + you play exposures that pop up in the Quad 1-2 bucket. Those exposures are your best play then, especially when they are "fresh", e.g. have not been in the list last week.
Short term bullish trend:
price above 20 week (!) moving average
1 week relative strength high
Here is the chart template for the short term bullish trend for TC2000
Thanks for the update. How do you determine if something is bullish (bearish) trend? Also, what etf’s do you like for biotech? Is it just IBB?
Hey Nuvix, thank you for your question!
The definition of longer term bullish trend (needed to pop up in of the 4 the quad buckets) = proprietary
If something pops up in a quad bucket it is short term and long term bullish trend (like Biotech now).
Best of all worlds: we have a Quad 1-2 (not the case now) + you play exposures that pop up in the Quad 1-2 bucket. Those exposures are your best play then, especially when they are "fresh", e.g. have not been in the list last week.
Short term bullish trend:
price above 20 week (!) moving average
1 week relative strength high
Here is the chart template for the short term bullish trend for TC2000
https://www.tc2000.com/~UlNuBC
In a Quad 1-2 you can use the short term bullish trend for all fitting exposures (tech, cycs, bitcoin).
If you want you can call me on Sykpe live:andreas.himmelreich (best 2 1.5 hours after market open, thank you!).
Best Regards
Andreas