RE: Watchlist - Traders method
(2013-09-05, 08:39 PM)isatrader Wrote: For anyone that's interested I posted the Chartmill sectors relative strength list in the main thread last weekend here: http://stageanalysis.net/forum/showthrea...40#pid1440 of which it has 212 sectors and ordered them by the strongest to the weakest.
You can do this yourself on chartmills site at: http://www.chartmill.com/sectorrankings....1&t=C2&s=0 if you want to check if the stock you are looking at is in a strong or weak group, but the chartmill makes up it's own sectors and has almost double the amount than the Dow Jones Indexes, so it can be hard to find them sometimes I've found, and there are no sector charts to view. But it is a useful free tool none the less.
To order the list by the Average Relative Strength of each sector you need to select the drop down menu on the top right called "Order by" and select Average Relative Strength (DESC), or click on the ARS column in the table. 100 is the strongest and 0 is the weakest.
I would hazard guess that their sector groupings are better than the DJ Indices from a like for like perspective. I get the feeling they are a very small outfit, traders themselves and very amenable to requests for improving their product. Perhaps a polite suggestion or two about introducing sector charts would be fruitful. The valid argument would be not only would this benefit stage analysis investors but other top down investors who want to diversify too?