Industry & Sector rankings

[IIC]

First of all big thanks for all this info.

I have a subscription to Stockfetcher and I did not even notice that they started offering Industry & Sector rankings

On the other note, I was primarily using Prophet.net but I think about a week ago it was gobbled up by Investools.

Thanks again.

Yes on Prophet...I posted in my thread that I now put them on my site...last page in the TOC over to the left on http://sharptraders.com

Actually Stockfetcher has had them for as long as I can remember...Best, Doug

[Raindrop]

Here are some sites that offer industry group info...Some are paid but they do offer something of value for free imo....Doug

First of all big thanks for all this info.

I have a subscription to Stockfetcher and I did not even notice that they started offering Industry & Sector rankings

On the other note, I was primarily using Prophet.net but I think about a week ago it was gobbled up by Investools.

Thanks again.

[IIC]

Oh...I forgot another one for groups:

http://finviz.com/groups.ashx?g=industry&v=210&o=perf1w

Doug

[IIC]

Raindrop: I just don't get IBD and their 6 month rank. Just seems to me that on Dailygraphs they could offer the subscriber the option of sorting by 6 mos, 3 mos, 1 mo and 1 wk...How hard would it be to program?...not very difficult imo.

I checked the other day...The #1 ranked IBD group was Textiles...But the group was down over 14% in about 4 weeks...Not very useful to traders or investors imo.

Best, Doug

[IIC]

Here are some sites that offer industry group info...Some are paid but they do offer something of value for free imo....Doug

http://online.wsj.com/public/npage/all_industries.html?bcind_compidx=&debug=& bcind_period=1dy

http://bigcharts.marketwatch.com/industry/bigcharts-com/default.asp?bcind_compidx=&bcind_period=1wk

http://tal.marketgauge.com/MGHome/PHSReportsIndex.asp

http://tal.marketgauge.com/PHSFree/P...e=PRV_PHSTODAY

http://biz.yahoo.com/ic/

http://www2.barchart.com/sectors.asp?base=industry

http://www.stockfetcher.com/ui2/plug...&mode=INDL

http://stockcharts.com/scripts/php/c...P,$RXH,$DJUSIR

http://stockcharts.com/scripts/php/c...$SOX,$XTC,$UTY

http://www.prophet.net/explore/secto...se&sortby=rank

http://www.prophet.net/explore/secto...alse&period=3m

http://www.trending123.com/stocktabl...performance.pl

http://www.stockmaven.com/map215B.htm

[skiracer]

Thanks for all your replys.

I have noticed the same thing about groups as someone mentioned it above. Like one web site ranked the photography in top 3 groups (only 4 stocks in that group) and other web site did not have the Photography group at all. And another website had the computers divided into more groups than the rest.

Then there is difference in how a rank is calculated and over how long period of time. For example Prophet.net ranks the groups by the rate of change of group's relative strength but Barchart ranks by relative strength only (and not the rate of change).

So i wanted to get some input before I decided on a source of information. Some people swear by IBD group rankings but after Doug's remarks, I'll skip IBD rankings for now.

Thanks again.

except for the CANSLIM concept for finding fundamentally strong stocks, which there are only specific parts which you should consider, i would stay away from anything and everything IBD. I wouldn't rule out anything and looking at two sites giving the same info but in different context might provide something worthwhile considering.

[Raindrop]

Thanks for all your replys.

I have noticed the same thing about groups as someone mentioned it above. Like one web site ranked the photography in top 3 groups (only 4 stocks in that group) and other web site did not have the Photography group at all. And another website had the computers divided into more groups than the rest.

Then there is difference in how a rank is calculated and over how long period of time. For example Prophet.net ranks the groups by the rate of change of group's relative strength but Barchart ranks by relative strength only (and not the rate of change).

So i wanted to get some input before I decided on a source of information. Some people swear by IBD group rankings but after Doug's remarks, I'll skip IBD rankings for now.

Thanks again.

[steelman]

Bucy

$$$MM$$$,

Speaking of great companies and great earnings....have you seen BUCY lately? I knew it would come back around. Will it hit $75??? I hope so for the new streak. I did pick up some April 65 calls at the beginning of Feb for $2.00

Thanks for the picks $$$Mr. Market$$$,

Steel

[steelman]

steel, is investools a free site?

Ski,

I think it's around $25-$30 a month. I paid for some online classes and have attended some local workshops and the the Investools website was included with the investor education classes. I know TD Ameritrade bought Investools. Investools wants a person to trade with thinkorswim because it has a more user friendly trading platform for options and $5 stock trades.

[riverbabe]

paired trades

I prefer looking at individual stocks.... but there is no question that institutional money rotates into sectors and, as a result, stocks from the same sectors will move together.

At the end of the day, I look for earnings. If earnings begets sector rotation, that's fine. I don't really mind being too early or too late - as long as I buy into a company that has great earnings potential. If I do chances are it will be in a pretty good sector as well.

It's not always that stocks from the same sector move together. For example, Ford and Toyota. A paired trade in the sector would be long F and short TM. It's fun to look for obvious pairs like these, but I wonder how often they actually occur.

[IIC]

excellent point doug and very true. that's why i use barcharts.com. they are current and each of their sectors shows the exact stocks in it and they change it on a very current basis as their basic ratings change.

When I get some time I will post some other ones that people can use for free...Doug

[skiracer]

I use vectorvest Real Time Industry groups and follow the Groups du Jour...And I ignore groups such as photography and textiles...nothing there as the groups are too small.

Put the leading stocks from the group(s) in your streamers and watch the group(s) chart(s).

For longer term investors which probably 99%+ of you are...I still suggest groups...however, you should fully understand how your provider ranks them...For example...IBD ranks their groups based on 6 month performance...Now, even for you intermediate termers...Doesn't 6 months seem like arather long time for a group ranking?

Best, Doug

excellent point doug and very true. that's why i use barcharts.com. they are current and each of their sectors shows the exact stocks in it and they change it on a very current basis as their basic ratings change.

[IIC]

I use vectorvest Real Time Industry groups and follow the Groups du Jour...And I ignore groups such as photography and textiles...nothing there as the groups are too small.

Put the leading stocks from the group(s) in your streamers and watch the group(s) chart(s).

For longer term investors which probably 99%+ of you are...I still suggest groups...however, you should fully understand how your provider ranks them...For example...IBD ranks their groups based on 6 month performance...Now, even for you intermediate termers...Doesn't 6 months seem like arather long time for a group ranking?

Best, Doug

[skiracer]

I prefer looking at individual stocks.... but there is no question that institutional money rotates into sectors and, as a result, stocks from the same sectors will move together.

At the end of the day, I look for earnings. If earnings begets sector rotation, that's fine. I don't really mind being too early or too late - as long as I buy into a company that has great earnings potential. If I do chances are it will be in a pretty good sector as well.

i don't think that you can rule out finding good setups in an out of favor sector or industry. you will always find exceptions to the rules. but i do strongly believe that looking at the strongest industries and sectors will enchance your chances for finding stronger setups. i also believe that timing is another key element and that finding a strong stock in a strong sector that has already made the strongest part of its move is going to get you in late and at the wrong time at a higher price.
understanding that the trend is your friend and following market trends are as significant as finding the strongest sectors and industries. it has to be a melding of all the essential ingredients and applying your discipline where it provides you with the biggest edge to obtain your goal whether it be long or short. dialogue like this is a great starting point for gaining and accepting those concepts to build a trading base for a strategic discipline to begin forming. without that base and discipline i dont think anyone can be successful over the long run.

[mrmarket]

I prefer looking at individual stocks.... but there is no question that institutional money rotates into sectors and, as a result, stocks from the same sectors will move together.

At the end of the day, I look for earnings. If earnings begets sector rotation, that's fine. I don't really mind being too early or too late - as long as I buy into a company that has great earnings potential. If I do chances are it will be in a pretty good sector as well.