watch for sudden shifts in XOI...then buy and sell in the same direction.
And watch other charts. PSX has been almost in lockstep with XOI. Take several modest profits..don't be a pig.....it is cycling.
XOI is an OIL INDEX ...gives you the sentiment towards oil-related stocks.
By the time I would look at my charts,I would miss most of the move.So the XOI alone works for me,for scalping. Worked 3 times for me today in little over one hour..and the whole market sucks!
If you are into charts,WMS% and slow stochastics give sensitive signals