"Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending." -- Anonymous
One of my favorite investing guru in the strategy lab is the "Skeptical Capitalist" Vad Yazvinski. You can view his biography here. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Good Morning! As fast as I want to add more features in this website but I can't ignore that other users would want more help/tip other than the Help menu above. So it's time to take a break from my programming world and start writing some helpful articles. Hopefully this personalized tip will make it more readable and interesting and help answer some of the frequently asked type of questions. This is not an investing tip but rather a "how-to" on using the tools provided in this website. The tip is for picking the bullish stocks using the Industries scan, Research tool, the "Go Yahoo" link and the Volume to look.
An individual stock in the bullish scans can have multiple indicators. That may be fine but knowing how the industry/sector for that particular stock is performing will help reinforce your analysis. I am not trying to reinvent the wheel here. The ideas behind the analysis already existed and were written in the books.
Below are the steps to guide you using the analysis describe above:
1. In the top level menus, select Industries>Last 2 Days. This will return the bullish and bearish stocks for the last 2 days (group by industries). You can also use 3,4 or 5 days but the key is to be able to get a good sampling of records and the time frame to analyze. The default sorting is "Net %". "Net %" is the "Bulls %" minus "Bears %".
2. Use the top 2 Industries in the list. Select and Copy the stocks "BullsOnly" column for those top 2 industries. Do this one industry at a time.
3. Click the Research in the top level menus. In the left side bar/panel, click on the "paste and go yahoo" button. This will display the results in the right panel which will be the streaming data in Yahoo. As you know, these are not real time and it's delayed by 15-20 minutes. Note: To FireFox users, the "paste and go yahoo" button might not work, so you may have to right click on the textbox and select "paste" in the context-menu.
4. In a bullish market(overall), you should see more green colors in that Yahoo page. In a bearish market(overall), you may still see some green colors in the page since that particular industry might be bullish even when the overall market is bearish. The point here is to look at the Volume column. The volume must be high. Since this page is near real-time and depending on what time of the day, the volume might still be low so the best time to view it is after 12:00 noon.
5. Farther more to expand your research, you can double-click on the stock symbol in the left panel and select the various studies in the radio-button list such as the Google News, Yahoo ratings, MSN ratings, Smart Money Competitive Analysis, etc.