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Anthony: maybe the ideal program is
somewhere just around the corner..not necessarily AB next version but maybe the
one after that.
I am on a trial of Vector Vest and find it
the best program I have used to combine searches for Sectors, Industries, and
the stocks in them. Some really great scans can fish out almost any
combination you want.
That is the good news, the bad being that there
is no long database, and the backtesting system is a manual, click and click
and click again cludge to get to very poor statistics…I have been working
at taking tickers back and forth but so far nothing really exciting has
developed.
If the great search combinations in VV
could be put into AB, now that would be really interesting……
Ken
-----Original Message-----
From: Anthony Faragasso
[mailto:ajf1111@xxxxxxxx]
Sent: Wednesday, September 24,
2003 3:49 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] Sector
and industry analysis
Jayson,
Thank you for your input....I am trying to confirm my own
explorations in AB to see if they match others using AB or match other findings
on different web sites. Doing my exploration, I get the Information Sector as
the leading Sector......whereas you have it listed 2nd from the bottom....
What is the purpose of the Universe / index Sector ?
Couldn't you just rank them as to which one is outperforming the others ?
Outperforming the S&P 500 ?
Would you be willing to share your formula ?
After you find the leading Sector , How do you find the
leading Industry in that Sector and then , How do you find the leading Stocks
in the Industry......I am trying to put this all together in AB....but have
been running into Roadblocks....probably my own doing...:(
TIA
Anthony
----- Original Message -----
<span
>From:<font
size=2 face=Arial> <a
href="" title="jcasavant@xxxxxxxxxxx">Jayson
To:<font size=2
face=Arial> <a
href="" title="amibroker@xxxxxxxxxxxxxxx">amibroker@xxxxxxxxxxxxxxx
Sent:<font size=2
face=Arial> Wednesday,
September 24, 2003 12:59 AM
Subject:<font size=2
face=Arial> RE: [amibroker]
Sector and industry analysis
Anthony,
A lot of my work revolves around sector
rotation. My methods may not be exactly what is found on the larger sites who
compare all stocks in a given sector. Instead I filter my Universe of stocks to
around 700 based on min price, volume and institutional ownership. I then
create sector indexes with addtocomposite. From there I compare the relative
strength of each sector against the universe and measure it using linregslope
to watch for strength or weakness on a daily basis. FWIW here are my
findings (short term, 7 days) as of the close of business today. The graphic
shows the current position of each sector as well as its history for the last 9
days. The trend of each sector can be very telling. Notice that while Internet
has been out performing the Universe for 17 days that it is showing signs of
weakness the last 3. This type of behavior is a red flag for me that would
encourage me to tighten stops in long positions and perhaps look for bearish
patterns for Shorting opportunities.
Regards,
Jayson
<img border=0 width=872 height=346
src="gif00538.gif" align=baseline>
<span
>-----Original Message-----
From: Anthony Faragasso
[mailto:ajf1111@xxxxxxxx]
Sent: Tuesday, September 23, 2003
9:33 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Sector and
industry analysis
Could someone let me know what Sector is outperforming the others and
What
industry is outperforming the others.....I am
trying to confirm my findings
for both in Amibroker.
Also, what is your source....AB, or some other
site / platform....
TIA
Anthony
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