Happy 4th! I'm curious how XLI stacks against XLB in a bullish turn environment. Anecdotal request - can you publish the relative standings of all XL* components in a relative scale (e.g. -100% to +100%) alongside the portfolio?
Right this minute, the intraday action has XLU back in first place.
The current sequence from best to worst is:
XLU XLB XLV XLE XLK XLI XLF XLP XLY
That's kind of misleading, though, since the "last" position usually outperforms some of the middle positions.
It's basically a sequence of mean reversion toward momentum. Position 9 is USUALLY (not always) on full momentum and could continue that way.
Typically position 4 does the worst.
I've tried shorting position 9 and found out the hard way it doesn't work. Putting the full rank out there might tempt others into making the same mistake!
Happy 4th! I'm curious how XLI stacks against XLB in a bullish turn environment. Anecdotal request - can you publish the relative standings of all XL* components in a relative scale (e.g. -100% to +100%) alongside the portfolio?
ReplyDeleteHappy 4th!
ReplyDeleteRight this minute, the intraday action has XLU back in first place.
The current sequence from best to worst is:
XLU
XLB
XLV
XLE
XLK
XLI
XLF
XLP
XLY
That's kind of misleading, though, since the "last" position usually outperforms some of the middle positions.
It's basically a sequence of mean reversion toward momentum. Position 9 is USUALLY (not always) on full momentum and could continue that way.
Typically position 4 does the worst.
I've tried shorting position 9 and found out the hard way it doesn't work. Putting the full rank out there might tempt others into making the same mistake!