Home / Newsletters / Pairs Trading Corner With Retailing Specialties (DG – FIVE)…
171217weDGFIVE.gif

Pairs Trading Corner With Retailing Specialties (DG – FIVE)…

(Dollar General Stores – Five Below ) Oh No! Should I get a flashlight, or winter scarf for my cousin? Well no matter the need, this pair can handle all of those last minute decisions for all of those once-a-year, relatives at Christmas time. Now even better, let’s see if the pair could put some coin in our pockets as Christmas soon approaches by having a better understanding of the technicals below.

Technically speaking, our pair has excellent correlation 0.94+, and the expected range of travel is about 1.50- to 2.0- below the 10 SMA. The RSI Wilder is low with a value of 22.8, and should weaken, as the pair moves toward our long target entry of $24.00+. I will have the pair in pending trades and 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”, 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.


Source link


About admin

Check Also

Peter’s Premarket Perspective | Friday, September 24, 2021…

https://shadowtrader.net/ The Market Profile value areas and ShadowTrader Pivots for /ESZ21 and /NQZ21 Futures are ...

Leave a Reply

Your email address will not be published. Required fields are marked *

NFL Jerseys 2019