Should I monitor the S&P stock index to day trade the ES

NexusFi · 2023-12-06T08:38:29-05:00

Wondering, do pro traders make trades in the ES based off how individual S&P 500 stock perform in a giving day? Do they watch news programs like Bloomberg? It is inverse. I've read about this in Elder's and Minervini's book. They are talking about the inverse thing. Watching index to trade stocks. Using relative strength - stock vs index and comparative strength - stock vs stock (same sector/group). To filter out the best stock. This method is suitable for both intraday and long-term. It …

Discussion in Emini and Emicro Index

Updated December 6, 2023

Should I monitor the S&P stock index to day trade the ES

December 6th, 2023, 08:38 AM

#11 (permalink)

alittebirdtoldme

Franklin, TN

Posts: 9 since Nov 2023

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alittebirdtoldme

I remember in the 80s they taped the daily stock quotes on the wall and let a monkey throw darts on them and then bought these stocks.

The monkey outperformed every professional.

some days i wish i was that monkey :-)