Macro Trading Using Relative Strength
David Taggart (November 10th, 2009) Writes:
Since the start of our newsletter we have been using a relative strength table that looked at Fidelity Select Sector Funds to show what industry groups are leading and which groups are lagging. The relative strength calculation is similar to the style used by Bill Oneil and IBD but is slightly shorter term in nature. We used the Fido Funds due the their price history and breadth of different groups. Now that there are not only enough different industry group ETF’s, but also the needed price history we have revamped the model to use ETF’s instead.
We publish one list for United States industry groups and one that is focused on global ETF’s with several country and a few sector specific ETF’s. These tables are valuable in a few ways. One is that we have developed a trading model based upon them that uses the rankings along
...Bill O'Neil;, Brazil, enough different industry group, ETF, Fidelity Select Sector Funds, Fido Funds, Indonesia, Investing Lessons, The Macro Trader, TRADER, Turkey, United States


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