RE: Stage Analysis Beginners Questions
Hi all,
I am curious about how to find the best sectors/groups. I saw, that stockcharts.com offers a free service, where you can find all 11 sectors. If i understood right, David, you dont look at the SCTR score (which is the Relative Strength Score, i guess), you are looking at each sector etf and determine if it is in stage 2/ breaking out into stage 2. Is that correct? And do you dont "respect" the SCTR score at all?
If one found the top 2-3 secotrs, one should search for the best groups in the sector. I couldnt find that on stockcharts.com, so i guess this is a paid service?
If the Relative Strength score of a sector DOES play a (important) role: what determines the Relative Strength? The performance (e.g. in the last 3months or 6 months), the eps strength or maybe the sales strength of a sector?
I would be really happy to hear from you! I know, these are a lot of questions, but i am trying to understand the concept of the ranking.
Thanks!