RE: Stan Weinstein's Stage Analysis - Discussion Thread
(2013-05-21, 12:01 AM)Tryst Wrote: Are the relative strengths of the 350 companies against the FTSE100?
No, I use the S&P 500 as the zero line for the Mansfield Relative Strength settings on all my charts and relative performance tables. You can use the FTSE 100 if you like on your own, if you are only trading UK stocks. But I use the S&P 500, as it's the global barometer to compare against, and I want to be consistent across the site, so that for example if someone was looking at a US stock and a UK stock to buy, then they could easily see which one had the better relative performance overall, and not just what it's local relative performance is.
I post the major charts relative performance table every week in this thread. If you look at the last one from the weekend in Post#78 here: http://stageanalysis.net/forum/showthrea...699#pid699 you will see that currently the FTSE 100 is under performing the S&P 500, which is used as the zero line of the scale. So as you can see, currently only US small caps in the Russell 2000 are outperforming the S&P 500, whereas everything else is under performing.
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.