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Pairs Trading Corner & Harnessing Winter Equipment (IR – TSCO…

(Ingersoll Rand – Tractor Supply) Old man winter is afoot, and the race is on, “Man vs Nature”, and all of the equipment and tools mankind can muster. Even then Mother Nature, can still get the best of us. It is ironic that such beauty and majesty can put us in a helpless state when Mother Nature deems it so. However, perhaps through capitalism, we can at least support our cause and keep the equipment going with buying and selling investments through our market activities. In today’s case let’s take a look at our equipment technicals below.

Technically speaking, the pair now has excellent correlation 0.97+, and the expected range of travel is about 2.20+ above the 10 SMA. The RSI Wilder is overbought at 96.5 and will likely maintain those values until the pair comes into resistance of $2.20 or so. I have put the pair in the pending trade set-ups and will feature as “Pair Of The Day” in the next trading day’s edition of “ShadowTraderPro Pairs Trader” posted daily at “MyTrade”.. ; )

Want to know more!, check us out at ShadowTrader.net and go to the pairs archives for viewing and reviewing. As always, catch us at the “Pairs Hour Show” at 4:15 – 5:15 EST every Thursday.

For any questions, or to get our New and Improved! “Starter Kit” & “Bonus Excel Sheet” email us at pairstrader@shadowtrader.net and Tom Cook will get back to you with a reply.

The Pairs Hour with Tom “The Southern Gentleman” Cook is happening on Thursdays at 4:15pm EST in the ShadowTrader chatroom on the TOS platform. Most recent show is archived here. We enjoy and encourage everyone to bring your suggestions, comments and questions to us each week during this program.

You can get real-time text messages sent to your phone every time we trade or post a new newsletter. Just text “follow st_pairs” (without the quotes) to 40404 on your cellphone. No twitter account is needed. Enjoy.


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