DuPont de Nemours, Inc.Updated DuPont DD - Daily - Lagging S&P500 & quiet in deeply oversold
Du Pont (DD) is deeply oversold and out of favor, thanks to its heavy cyclical nature and chemical exposure.
I like how the volatility of DD shares have quieted down over the past few days here, which can signal that the sellers are done with their selling for the time being.
The way to put this trade on is to wait until the DD starts to outperform SPY on a given day and THEN put the trade on. It's a simple rule to follow when putting on PAIRS trades.
Remember the old saying: Buy SHEEP, Sell DEER.
(Translates to Buy Cheap, Sell Dear)
"Dear" means when everyone loves something.
Cheers.
Tim
4:06PM EST 9/15/2015
I like how the volatility of DD shares have quieted down over the past few days here, which can signal that the sellers are done with their selling for the time being.
The way to put this trade on is to wait until the DD starts to outperform SPY on a given day and THEN put the trade on. It's a simple rule to follow when putting on PAIRS trades.
Remember the old saying: Buy SHEEP, Sell DEER.
(Translates to Buy Cheap, Sell Dear)
"Dear" means when everyone loves something.
Cheers.
Tim
4:06PM EST 9/15/2015
Trade closed: target reached
Monster profit here on this trade. Banking the gain.
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.