Possible breakout of high quality equity.

Trump Media (DJT) pre-opening. Thursday, January 16. 2024.

Apple (AAPL) trending a little lower.

Avtive optional stock possible breakout.

After a long decline, MRNA may show signs of a small.

Breakout of strong balance sheet, income statement equity.

Pairs trading using trend following and not mean reversion.

Trend-Following Pairs Trading

Instead of betting on the convergence of two assets, trend-following pairs trading capitalizes on the divergence between them. This approach involves:

  1. Identifying two correlated assets that are beginning to diverge
  2. Going long on the outperforming asset and short on the underperforming one
  3. Riding the trend until it shows signs of reversal

This strategy assumes that the divergence will continue before potentially reverting.

Yesterday, Friday, January 3, 2024, I gave an example of AMD vs NVDA.
Today, Monday, January 6, 2024,  the continuing battle between all EV and partial EV, TSLA vs TM:

 

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Truth Social (DJT) 60 minute chart.

AAPL gaining on a Four Trillion Dollar market cap.

Weekly:

Monthly:

Strong financials and a rising price trend.

Relative strength for WMT