AngusMcK

HOW TO: Find Sectors and Industries Breaking Out

Education
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Using the TradingView screener is a great way to find individual stocks that are breaking out, but how about looking for Sectors and Industries that are doing the same - breaking out - or even in a bubble.

TradingView allows us to do this very simply by BROWSING through Sectors and Industries and sorting them by performance. Super simple, super intuitive.

You can then sort stocks in the Industries you are interested in by their performance to see which ones are the market leaders in their particular industry and open and bookmark them for further analysis.

It's just a nice simple way to get a different view of what is happening in the market.
Comment: ( Thanks to Chartmaster2000 for the UVXY suggestion in the video above. https://www.tradingview.com/u/chartmaste... )
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

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Comments

Thanks for making this video! These tools are still are not used as often as they could. Thanks for sharing
200 coins
+2 Reply
AngusMcK TradingView
@TradingView, thanks TradingView :)
+2 Reply
On a big down day, I like to look at Sector performance for the day and buy the sectors that either are up for the day or aren't down as much as the rest of the market. It's a good bet that they're much lower risk or even poised to benefit from whatever's affecting the rest of the market. Last couple days, pharma, staples, and financials looked good.
+5 Reply
SavageJayZA ChristopherCarrollSmith
@ChristopherCarrollSmith I had to come back to this post after exiting thinking i may have missed out on a gem of knowledge. And my intuition was right. Thanks for the knowledge!
+2 Reply
AngusMcK ChristopherCarrollSmith
@ChristopherCarrollSmith, 100% agree. Buy into strength / Dont fight the tide.
+2 Reply
seccayur ChristopherCarrollSmith
@ChristopherCarrollSmith, Great insight, thank you.
+2 Reply
Bitpal488 ChristopherCarrollSmith
@ChristopherCarrollSmith, Hello Christopher
Reply
I had no idea we could do this! Great video!
+3 Reply
AngusMcK Luisrs85
@Luisrs85, Thanks :)
+1 Reply
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