RE: Stage Analysis Beginners Questions
(2021-07-05, 11:10 AM)Lebo44 Wrote:(2021-07-05, 10:59 AM)fabi470 Wrote: I really like your methods of finding the "best" sectors and will probably implement 1-2 ideas of yours into my screening process.
Hi Fabi, my fault. By "sectors" I meant industriesso I look at around 100 of different industries and compare them. I don't look at sectors (groups of industries) at all. Is that clearer now?
In general I try to get a feel of which industries are strong and trending up or which ones have potential or started trending up only recently. I use this "feel" later on when scanning through charts. If I see a good looking chart then I decide if it should be put on watchlist based on the industry strength. Or I could scan all stocks from these best looking, strong industries and select the best of them.
Okay, that makes sense!
So, as i already said, i like your approach, although i am not sure if there arent too many divergences while using at least 4 different "styles" to get to the best industry groups.
I just focus on the best industry groups, so all the other stocks wont be watched by me. I have built a screener in google sheets with all NYSE and Nasdaq stocks, where i can screen for the right industry group and few additional criteria (like is the stock in stage 2, performance over X days, distance from 52-week high and low,...)