I don't normally narrow my searches to industries, but when I have done it in the past, I've used MarketWatch:
-
Steel - That's a good approach. I think Stan Weinstein uses that method as you probably know he's a market wizard.Leave a comment:
-
Raindrop,
I learned that you should do a Top Down Analysis. Which means, find the trend of the overall market first. If it is trending up, then find the best sectors and industries and then find the best stocks in those. Your chance of that stock going up will be much greater. I have noticed when you choose a solid stock in a strong sector they tend to pop more on "up" days and they more often than not, hold their own on the "down days"...if you are long.
I use Investools and it has Photography (29.2%), Textiles-non apparel (20.7%), and retail-apparel (16.7%) as the top 3 performing over the last 6 weeks. Coal and Metal mining had the 2 best of the week and of today as well.
Best,
SteelmanLeave a comment:
-
absolutely true. the highest ranked industries and the highest ranked sectors in those industries will provide the best stocks to look at for setups. not that you wont find good setups in other areas but you wont find the best setups in the worst industries and sectors thats for sure. try www.barchart.com for rankings and top stock rankings in those industries and sectors. good luck.Originally posted by Raindrop View PostLeave a comment:
-
Industry & Sector rankings
Hi All,
This forum is more serious than other forums on internet so I thought I put out a question for you all.
What do you think about Industry & Sector rankings, does chances of picking a winners increase when you select a stock from a high ranking sector? Specifically, what source do you use to obtain sector ranking & rotation information?
I have been looking at different web sources and their rankings differ from each other, sometimes quite a bit.
If you do not want to post your source on the forum, then you can send me a private message.
Thanks.
Leave a comment: