Trading the SPOOs with Patrick Slevin! Message Board

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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: fut_trade who wrote (4421)	4/14/2000 10:50:00 AM
From: Patrick Slevin	Read Replies (1) of 7434

That would bring us back to something similar to the original line of thought, to grab the highest cap stocks and track them as a group........something like our own Dow Jones Industrials. But, I have a sense that in addition to taking the largest caps there should be some consideration of Sectors. For example, how to weight in more Finance Stocks like AXP or JPM. From what I recall over the years, there is a sense that Tech Stocks lead out of a Decline and the Banks lead just before a Decline. I can't get that out of my head, seems I have seen it happen so often. Recently all the rage was the Banks while the Techs were holding their own or dropping for example. So in the back of my mind I have a built in warning signal based on those two sectors. Anyway, other than that, all we have to do then to to group the perhaps 24, 32 stocks that make up 30, 40% of the Index. Heck, if I recall correctly, there are only 4 or 5 stocks that make up 12, 15% of it. So taking two or three dozen should represent at least a third. Seems something like this must have been done before..... perhaps there is an Indicator some writer came up with already.

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