There was a big drop in the number of stocks in the relative strength range this week, so did not expect to see many groups gaining strength, but waas surprised to see quite a few. These are the top 10 in one week gains. most are already weak groups, with the exception of REIT-Residential.
These are the top 10 in difference between the 4 week and 10 week averages, which would make these the groups with the strongest short term up trends.
These are the top 10 in 40 week average. These are the long term strongest groups. Oil and gas pipelines has been at or near the top since I gathered enough data to calculate a 40 week average, and has recently been prominently featured on the new highs list. I have nearly a full year of data, so I will be making some changes to the spreadsheet that will, hopefully, make it more useful.
All spreadsheets except the earnings sheet are updated. As I did last week, I will be gng through it looking for errors and will upload what I have finished tomorrow.
I am not a financial professional, just a guy that trades my own account.
I am also not a musical professional, just a guy that makes music on the computer. Thus, two blogs, one trading and on musical.
And, no, the picture is not me, it is the late, great John Belushi, one of the inspirations for these blogs.
This blog is focused on technical analysis of stocks and markets, putting heavy emphasis on chart analysis. My trading style is derived primarily from my mentor, William "Yoda" O'Neil, and the focus here is on leading and breakout stocks, but all forms of trading are covered to some extent. Economic and political news that effects the market are also topics here, and the blog may occasionally become a platform for my political and philosophical ranting. I keep several spreadsheets on Google docs which track various aspects of the market and readers are welcome to vies and comment on them.
Google Docs Spreadsheets
There are several spreadsheet that I maintain on Google docs to track various watchlists and trends in the market.
1. The earnings list - a group of small and micro cap, low float stocks that have exhibited recent rapid earnings growth. They are modeled along the lines of William O'Neil's CAN SLIM system, but limited to small cap, highly volatile stocks.
2. The relative strength list - a group of stocks which are near 52 week highs and have shown an increase in average daily volume. The list is limited to the top 200 stocks according to my methodology, which will be detailed on one of the pages of the spreadsheet.
It can be accessed here, and is also updates weekly.
3. Relative strength by industry - Uses industry data from Finviz.com to track the percentage of stocks within each industry that are in the top 25% of the 52 week price range, looking for trends.