RE: US Sectors - Percent of Stocks Above their 150 Day Moving Average
(2019-06-16, 05:17 PM)malaguti Wrote: ISA, I'm looking at creating a ranking within amibroker for sector strength. would you recommend using this as a basis for comparison?
so looking at the results this week, we'd be saying its better to get into utilities or financials right now, so long as the sector too was basing or in a stage 2?
What the Percentage of Stocks above their 150 day MAs Sector chart shows is the overall health of the stocks in each sector. What it doesn't show is the relative performance of that sector compared to the market. So although utilities has been the healthiest sector since October, it's not necessarily been the strongest compared to the S&P 500.
So in order to beat the market I'd recommend creating a ranking based on the Mansfield RS numbers, as that will tell you which sectors are outperforming the market.
I used to do it in the old days on here when I had the custom software to do it. So look back at the start of the thread here:Â https://stageanalysis.net/forum/showthre...d=13#pid13
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.