RE: US Stocks - Watchlist and Discussion (Premium)
(2014-05-08, 11:07 AM)shaunattwood Wrote: just reread Stan's chapter on shorting last night, he said to look at the sectors trending down for the best shorts, have you done such an analysis with sector graphs on this website?
That's why I show the sector lists each week in the main Stan Weinstein thread here: http://stageanalysis.net/forum/showthrea...31#pid4131 as it gives everyone the ability to do that analysis for themselves. But for the watchlist, stocks are only selected based on their individual chart pattern. It's then up to the individual to do the extra work necessary, as you not only need to compare the sector performance, but also to all the individual stocks within that sector also.
I also link to the page on stockcharts here: http://stockcharts.com/freecharts/indust...ECTOR_SPDR that has the sector tables which can be adjusted to show different lengths of time. For example, one week, one month, three months, six months or one year etc. And you can click through to see all the stocks charts within that sector.
You can also use another free tool on chartmill.com here: http://www.chartmill.com/sectorrankings....1&t=C2&s=5 which has the ability to rank the sectors by average relative strength, and uses the Mansfield RS for this, and hence goes well with the method. However, the sectors are not the same as stockcharts as it uses yahoo sectors and the stocks in them are not kept uptodate. So hence, stockcharts which uses the Dow Jones Sub Sectors and charts for all of them is what I favour using.
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.