If you’re an equities trader, you will love the tools I am introducing, starting today. These tools complement the Persistence UP and DOWN Lists, and they are focused at exposing sector rotations and momentum leaders, shortly after market turns. But more than that, they are presented in much more accessible ways. Tools coming a little later are designed for traders who want to sometimes dig deeper into historical outperformance than has been possible before. Traders who are natural analytics will love them. None of these tools are new; I have evolved them from >1-5 years, using variations of them for my preparation.
Unfortunately, these tools outgrew a simple blog, so, temporarily, I will distribute them in Excel. Download the Excel file each day to access them. For best experience, traders will want to use a Windows machine and have macros enabled. The ListBuilder tool, coming next, unlocks the Persistence Lists and makes surgically stalking stocks easier than ever before, but it requires running Excel macros (which requires a Windows machine). I am aware of the inconvenience this causes some traders. Mac users will still be able to access the data, but the ListBuilder, in Excel, will not run without macros.
If you are familiar with the Persistence UP and DOWN Lists, rest assured that they have not changed. But, now, you can see the stocks by sector, and you can see historical lists much more easily. By examining historical lists (and using the ListBuilder) you will have a simple way to put an end to missing trend entries as they pullback and sometimes fall off the list. Think how you can you use it to improve your results.
So, in the interest of starting small, grab the Excel file and try to get comfortable with it. Hit me with any questions by email (daytrend at gmail) or @daytrend or skype. As soon as traders are comfortable with the Excel file, the next tool will appear.
Open the Excel file. You will see tabs (at the bottom) for each Persistence List and for AllStocks. The Persistence Lists are organized by day and by sector. Think of the abbreviations at the top as “sector symbols,” and find them in the AllStocks sheet. It’s a good idea to memorize them, but most are intuitive. Some of you are familiar with them from the bottom of each of my Market Stats posts… same stuff. The AllStocks sheet contains all the stocks that made the first cut for “liquidity” before being considered for any of the tools.