Bottom Sector | stockbee

1/28/2009

Bottom Sector

MG412,Regional-Northeast Banks
MG413,Regional-Mid Atlantic Banks
MG414,Regional-Southeast Banks
MG415,Regional-Midwest Banks
MG417,Regional-Pacific Banks
MG432,Accident & Health Insurance
MG771,Major Airlines

2 comments:

Larry said...

Pradeep, I'm wondering if you might consider an alternate sector scan. For example, banks are listed as a bottom sector. However, more banks have showed up on my Episodic Pivot scan this evening that any other stock sector. I'm wondering if it would be relevant to rank sectors based on the number of Episodic Pivot stocks in each sector? Have you given any thought to this?

Pradeep Bonde said...

Depends on what you want to use the tracking for.Top sectors should be used for finding pullbacks or possible reversals of sector trends. Same way Bottom sector should be used to find shorts or to find possible reversals.
"I'm wondering if it would be relevant to rank sectors based on the number of Episodic Pivot stocks in each sector? Have you given any thought to this?"
I do have a way to track this using 4% b/o rather than EP in my software. It helps if one can create a rolling average of 10 days or more using that kind of data.