[isatrader]

Does anyone know what is the makeup of Stan Weinstein's Glamour Average?

I'm not sure what it's made up of as it's one of his proprietary tools. But from his description it seems to be the most popular stocks of the moment, mostly likely large caps. But he doesn't say anywhere that I've read how it's calculated.

Looking at the shape of the index though, the closest proxy for it seemed to be the Nasdaq 100 from the last GTA newsletter I saw. But another index you could possibly also use as a proxy for it is the PDP - which is The PowerShares DWA Momentum Portfolio and is based on the Dorsey Wright Technical Leaders Index.

The PDP includes approximately 100 U.S.-listed companies that demonstrate powerful relative strength characteristics and stocks are rotated in and out of it quarterly based on their technical attributes score, which is calculated using five metrics derived from point and figure charts: Trend, Relative Strength vs the Market Signal, Relative Strength vs the Market Column, Relative Strength vs the Peer Group Signal, Relative Strength vs the Peer Group Column.

So the PDP could be our substitute for it for now, and I'll make a note to ask the question about what the Glamour Index is made up of the next time I attempt a Q&A with him.