Daily, about 5 hours before each US Market Open. Last Update was {{last_iex_update}}
Instructions:
This list easily identifies which stocks in the index are having the most impact on that index, over the last X number of days. If you trade ES or NQ futures, you should be aware of these stocks since they are the ones that can move your position the most.
Notes
Stocks can be impactful on an index either because of their weight in the index, or because of a substantial percentage move. This table multiplies Weight * Percent change and automatically sorts the result in the "Impact" column.
How do I use this?
This page gives a no non-sense Long or Short bias along with the data to back it up. Sort by the Impact column and take note of the skew of the data. Heavily skewed data to the long or short side suggests a broad market move in that direction whereas evenly skewed data amoung the gainers and losers usually results in a more congested index for that period of time.
Build real time Indexes of these stocks in NinjaTrader 8
Start selecting from the top of the list down until you've built a comma separted list that represents about 20-25% of the weight of the index. Now paste that list into CapWeightedIntraday Indicator as shown in this video. Add the $SPX ticker in another Index to correlate your Day Trading entries with this group of stocks which has control.
{{days[daysIndex]}} day Directional Bias: {{directionalBias}}