Before laying out the metrics tracking panel for the Lazy Man template here’s a screenshot of the LM with GLD as the focus ETF (shaded area) on 2 minute bars. Daytraders can use this template as a simple indicator to immediately assess the rotation of market sector correlation and divergence during the course of the day. Using the LM template to detect intraday market turns is the simplest application, but linking a basket of focus ETFs (or stocks) to the template will deliver a robust indicator of focus ETF momentum. Keep in mind that that Prognosticator (new ver.11 shown) lower technical panel only applies to the focus ETF (GLD). Tomorrow we examine the full LM data array.
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