PPG Industries position closed

The pair position in PPG Industries v SPDR Materials (XLB) was stopped out by Friday’s close. The position lost 3.9%.

Most good trades work quickly after putting them on and this never sustained any of its breaks lower.  The examples that work well pick out major turning points, giving moves of 15% to 20%. At least the loss of 3.9% is small compared with this.

The other trades using my Performance Ranking method have not made a decisive move either way yet.