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Thanks to Don for the link to weighting factors.
Looks like six stocks account for more than 1/3 of the index (34.33%).
12.22 - MSFT +* 63**
5.87 - INTC + 59
4.82 - QCOM + 55
4.28 - CSCO + 42
3.72 - ORCL + 30
3.42 - AMGN + 64
* divergence of Cumulative Net Volume from price: + is positive divergence
and - is negative.
** number of days out of the last 100 market days that the 21 day EMA of Net
Effective Volume has been positive. In theory, this is a measure of "smart
money" accumulation. Over time, the highest ranked stocks outperform the
lowest ranked stocks.
Stan
-----Original Message-----
From: BobR [mailto:bobrabcd@xxxxxxxxxxxxx]
Sent: Thursday, October 04, 2001 7:33 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] NASDAQ-100
That is a very interesting post, Stan. Do you know which of the NDX stocks
are the most influential in the index movement, perhaps the top 6 or so?
Can you make a hierachy screening of the components of the index from most
influential to least?
thanks,
bobr
----- Original Message -----
From: "Stan Book" <sbook@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 03, 2001 9:37 PM
Subject: [RT] NASDAQ-100
> Just scanned the NASDAQ-100 stocks. There are many more examples of
positive
> than negative accumulation line divergence's. This suggests an
intermediate
> term bottoming process may have begun.
>
> In terms of cycles, we are within the time frame of a 3,6 & 9 month low
(the
> corresponding 12 month low was overwhelmed). We also have reasonable
> symmetry with the October 1998 low. No guarantees, of course.
>
> While short sell candidates are few and far between, a good rally could
> change that. The best short candidate I find is BBBY. The stock is bumping
> up against potential resistance with evidence of distribution. This is
often
> a low risk short sell setup.
>
> Especially for NW is bottom fishing candidate, LLTC. This stock has gone
to
> new lows with evidence of accumulation which suggests a potential trend
> change. LLTV has the largest divergence of price to accumulation line of
all
> NASDAQ-100 stocks. I would be happy with a rally followed by a pullback to
a
> double bottom with evidence of continued accumulation. This would normally
> present a low risk intermediate term buy set up.
>
> Other NASDAQ-100 stocks that show strong accumulation are:
> BGEN - higher 10 week low
> CEFT - higher 6 & 9 month low
> IMNX - 6 month high
> MEDI - 6 month double bottom (slightly higher low)
>
> NASDAQ-100 stocks that show strong distribution have lost more than 90% of
> their value over the past 100 trading days. They have virtually all become
> penny stocks.
>
> No recommendations, just some observations.
>
> Stan
>
>
>
>
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>
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