Watching Industry Group Action for Trends

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trendguy
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Watching Industry Group Action for Trends

Post by trendguy » Wed Apr 23, 2003 1:04 am

What tools do you use to track Industry Group trends?

currently, I am using Daily Graphs Industry Groups

http://www.dailygraphs.com

Forum Mgmnt
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Post by Forum Mgmnt » Fri Apr 25, 2003 7:15 am

Worden's TC2000 has a pretty extensive set of industry groups that use the Media General industry group classifications.

It's a pretty good system and fairly cheap for monthly updates. The interface is kind of ugly (I hate black backgrounds) but it is pretty functional.

They also have a free CD rom that includes a about 15 to 20 years worth of stock data that's a good starting point for stock market research.
Last edited by Forum Mgmnt on Fri Apr 25, 2003 1:36 pm, edited 1 time in total.

Gerry Gunter
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Post by Gerry Gunter » Fri Apr 25, 2003 9:14 am

Curt,

You can change the TC2000 background color to white by going to "tools","chart display options" and make sure that the "white background" box is checked.

Regards
Gerry :)

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Post by Forum Mgmnt » Fri Apr 25, 2003 9:34 am

Gerry, yes, but then I have green bars on white which doesn't give me enough contrast.

Chuck B
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Post by Chuck B » Fri Apr 25, 2003 1:21 pm

TC2000 is a pretty decent tool for not only following industry groups but also in creating "scans" for various criteria. You can set up a scan to do stuff like: NYSE stocks only, Volume > 2 x 50 day avg volume, price > 200 day avg, dividend yield > 2%, etc...whatever you might want along these lines. You can create "watchlists" from scans and export the data if you want (ascii or metastock format).

Anyway, for free, it's an easy program to try out plus you get many years of historical daily data for US stocks. It only costs something if you sign up for updates. I've used it since 1995 (it has changed a LOT thankgoodness) and met the Worden's a few years back. It's a well-run firm, and they do a good job at providing clean data most of the time.

Their TC2000 Funds program is worthwhile if you do anything with mutual funds as it is based on distribution adjusted data. It is also free to try out I believe.

Gerry Gunter
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Post by Gerry Gunter » Fri Apr 25, 2003 2:50 pm

Forum Mgmnt,
O.k. my friend here's what you do to change the color of the [Price] action of TC2000.
Go to "Indicator Tab" and hit "Edit" and a Editing indicator box comes up.
Click on "Prices" then on the right hand side of the box it has a "Drawing Color" drop menu, where you can choose different [Price] colors.

Hope this helps
Gerry 8)

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Post by Forum Mgmnt » Fri Apr 25, 2003 3:26 pm

Gerry, I forgot I should think like a programmer, not a human. :wink:

I don't know what could have got into me to assume that if they had such support it would be available from the "Tools > Chart Display Options" menu rather than the "Indicator Tab > Edit" menu. :P

Many thanks, I like it much better now.

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Post by edward kim » Sat Apr 26, 2003 5:44 am

I use all the tracking stocks, HOLDRS and iShares that trade on the AMEX. It's not exact, but simple enough for my needs.

bagherra
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Industry Groups

Post by bagherra » Fri May 02, 2003 8:13 am

I have been tracking industry groups for a long time, first via the SRC Babson-United weekly chartbooks--which come out monthly--and then through electronic sources such as TC2000. I dropped TC2000 because it didn't permit the creation of customized industry groups. (If any of you know something that Worden tech support and I don't, please pass it on.) What I really wanted to do was recreate the SRC weekly charts in a closer to real time format.

Now I'm using the Dow Jones Industry Groups in Bigcharts.com, but this is a makeshift solution because the industry charts are daily only, and I'd prefer weekly, plus the ability to choose my own stocks for inclusion in the industry groups. I tried a customized solution via Access/Excel and a commercial quote provider, but it took SO MUCH TIME as to make it untenable. Any suggestions?

QQQuentin
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Post by QQQuentin » Fri May 16, 2003 11:18 am

bagherra:

Amibroker could be a solution. Check this to see if it meets your needs :

http://www.amibroker.net/3rdparty/IntroToAtc.pdf

You can download the program at http://www.amibroker.com and play with it for free.

Hope this helps.

mrscott
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Post by mrscott » Tue May 27, 2003 11:07 pm

You might want to look at http://stockcharts.com/charts/carpet.html...there term is 'market carpet' its a very handy little tool, there are 9 diff. ways you can use their search criteria, the site has lots of other nifty stuff for free, no need to subscribe.

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