(This post was last modified: 2021-07-05, 10:18 AM by Lebo44.)
RE: Stage Analysis Beginners Questions
What are your methods of analysis sector strength?
Mine are:
- SCTR rank (Stockwatch) - the higher the rank, the stronger the sector (weekly basis)
- SCTR rank weekly change (Stockwatch) - the higher the change in SCTR rank the stronger the sector. I do it on weekly basis and try to nail the sectors that are moving up on the SCTR rank list.
- industry charts (Stockwatch) - I try to estimate the strength of a sector by looking how its chart looks like, i.e. if 10MA > 20MA > 30MA, recent breakout, volume, RS, etc. I try to emulate Stan's ranks (2B, 2B+, etc)
- New Highs (Stockwatch, Finviz) - the sectors with the relative highest number of stock on 52-week highs are the strongest, weekly basis
Anything else you could recommend?