Question:
I’ve been perusing your site as a free member, & was wondering about the top industries tracking, as well as the sector strength tabulations. Do you have a way of seeing those on a shorter time frame? I notice that the sectors start at 15 day and on up, and the Top Industries tab I believe I read starts at 10 days and up. It’s just my opinion, but the way industry group flow can turn on a dime these days and continue forcefully for 3 days plus—I would think that having an automatic way to see this on shorter time frames would be extremely helpful, as by the time you get past 5 days sometimes the strongest part of the move is already over.
My Response:
Thanks for your question. With all due respect I tend to disagree at least for the style of investing I use. I don’t believe that performance over such a short time period defines a new trend. Sure, you may miss some of the move, but I want to make sure a new trend is in place. What I have found is that the top industries in 20 day performance is a short enough to avoid missing the move and long enough to define a new trend.
A great resource for industry performance over many time frames is prophet.net which may provide many of the time frames you are looking for (you can see performance for 2 and 5 day). Heres the link: http://www.prophet.net/explore/sectorrankings.jsp
More on this topic
(What's this?)
New Ivy Portfolio Tool
(Scott's Investments, 1/26/12)
10 Experts Pick the 10 Best Stocks for 2012
(Money Morning, 1/10/12)
Ivy Portfolios for February 2012
(Scott's Investments, 2/1/12)
Bob Farrell’s 10 rules for investing
(Investment Postcards from Cape Town, 1/1/12)
Filed under Mail Bag by Tate Dwinnell
Leave a Comment