correlation : 82 co - intragation : 0.98 LONG MCRL (GREEN) @ 11.59 SHORT AMKR(RED) @ 6.16
correlation : 98 co - intragation : 0.80 LONG EOG (GREEN) @ 111.42 SHORT PXD(RED) @ 87.51
Placing a stop order @ 8.05 to long XRX , placing a tight stop @ $7.88.
correlation : 96 % co-integration : .92 LONG CNQ @ 38.75 SHORT PXD @ 108.35 my only concern is the dispersion of about 27 % between the two stocks. But with a co - integration of 0.92 , i'm confident that the trade will be successful. Avg day in trade ( based on past 3 years) is 9.33 days.
Sounds crazy , but I like what i see on this chart for EUFN ( european Financials)
Look , at this chart , the stock for Spanish bank Santander is clearly on a support level. Is it strong enough ? very attractive price with good potential profit if it breaks up.
look at that huge spike on ZOLT, i got 3 different signal with that stock on friday. correlation is 70 % and co - integration at 0.87, which is good. But i will not take the trade. will be interesting to watch .
Correlation : 74 % Co-integration : .65 long CRZO @ 23.50 short APA @ 101.15
Correlation : 91 % Co-integration : .85 long SM @ 71.51 short APC @ 82.16
I beleive we are near the end of the down trend on SLV. Waiting for the ADX and + DI to be above 25 .
correlation : 88 % co-integration : 0.96 short AMKR@ 5.73 long MSCC@ 19.81
correlation : 68 % co-integration : 0.81 short CNQ @ 40.07 long SM @ 71.47
Correlation : 91 % Co-integration : .85 long TLM @ 12.29 short ECA @ 20.66
CORRELATION : 82 % CO - INTEGRATION : .84 LONG XCO @ : 8.11 SHORT ECA @ : 17.53
CORRELATION : 88 % CO - INTEGRATION : .81 LONG GPOR @ : 29.99 SHORT PXD @ : 97.63
CORRELATION : 75 % CO - INTEGRATION : .90 LONG PQ @ : 6.06 SHORT SFY @ : 30.85