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SECTOR ANALYSIS Rate this Topic:
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lacchp
Posted : Tuesday, January 31, 2012 12:51:02 PM
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Joined: 12/6/2004
Posts: 7
CAN'T FIND A REFERENCE I PREVIOUSLY SAW THAT SHOWED HOE TO IDENTIFY WHICH SECTORS WERE MOVING + OR -; AND, WHICH COMPANIES WERE MOVING WITHIN.
THANKS
Bruce_L
Posted : Tuesday, January 31, 2012 12:53:49 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
I can only guess at what topic you might be remembering. Maybe the Uncover the stocks driving the strongest industry groups topic or Identify sectors gaining momentum over the past few months topic?

-Bruce
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lacchp
Posted : Tuesday, January 31, 2012 8:40:18 PM
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Joined: 12/6/2004
Posts: 7
Bruce:

THANKS....YOU HAVE THE CORRECT SUBJECT, BUT THESE INSTRUCTIONS WERE BASED ON AN EARLIER VERSION...I CAN'T DETERMINE HOW TO DO SAME ON VER12.
Bruce_L
Posted : Wednesday, February 01, 2012 10:08:22 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
The videos are for a current product, TC2000 version 7. There are no plans to discontinue TC2000 version 7.

For the most part, the basic strategies of these videos could be implemented in TC2000 version 12 (although there are some techniques which cannot be exactly reproduced). Even the general steps used usually translate from TC2000 version 7 to TC2000 version 12. The exact details of how to implement each step are going to frequently be different.

Lets take the technique for finding the strongest stocks in the strongest industry groups for example.

The All Media General Industry Averages WatchList is now called the Morningstar Industry Groups WatchList in TC2000 version 7 and the Morningstar Industry Groups Averages WatchList in TC2000 version 12 (because tracking these Industry Groups was taken over by Morningstar).

Both TC2000 version 7 and TC2000 version 12 have Custom Date Sort.

The big hurdle is that the Industry Menu on which you would click in TC2000 version 7 is not part of the current production release of TC2000 version 12.

One option would be to switch to the TC2000 version 12 beta where a View Components of MGxxx icon is available to the right of an Industry Group symbol whenever an Industry Group Symbol is available on the chart.

But there are more sophisticated options available for TC2000 version 12 even in the current production release.

TC2000 version 12 allows you to have more than one WatchList. Selecting WatchLists on the left and choosing either Main Industry or Sub Industry will add an additional WatchList to the chart which will display the components of the Main Industry or Sub Industry to which the current Active Symbol with the same color Symbol Link belongs.

You can place these WatchLists anywhere you want within the Workspace.

Organizing your Workspaces
WatchLists Keep You Organized

I do not expect all of the TC2000 version 7 training videos to get translated into TC2000 version 12 training videos, but there are entire Webinars devoted to sector analysis.

08/30/2011 - Secrets of Sector Rotation, guest Jim Farrish
08/10/2010 - Finding Winning Sectors, guest Jim Farrish
05/25/2010 - Indentifying Industry Performers
03/09/2010 - Sector Strategies for 2010, guest Dan Fitzpatrick
11/03/2009 - Sector Rotation using Relative Strength (RSI)
02/25/2009 - Capitalizing on Sector Trends

-Bruce
Personal Criteria Formulas
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lacchp
Posted : Thursday, February 02, 2012 3:11:29 AM
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Joined: 12/6/2004
Posts: 7
THANK YOU
Gone South
Posted : Wednesday, February 08, 2012 9:38:12 AM
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Joined: 1/28/2012
Posts: 62
Hello Bruce,

I've figured out from the Help file how to click on a stock and view the other stocks in the Industry or Sub-Industry in a linked Watchlist.

But, if I'm working top-down, can we do the opposite? That is, can we work from the strongest Industry or Sub-Industry, then view the component stocks in that Industry / Sub-Industry?

The only way I can figure out to do this is to identify the strong Industry / Sub-Industry, find at least one stock in that Sub-Industry on another Watchlist and then go back up to the component stocks of the Industry / Sub-Industry in the linked Watchlist. Doable, but extra steps are required, so it's slow.

This top-down approach is used by Dave Landry (a guest on your webinars) and he uses TC2000. The only trouble with Landry's approach is that it's labor intensive. My brain doesn't work as fast as Dave's, so the workaround above compromises my ability to complete the top-down analysis.

I'm guessing the bright lights at Worden have this figured and it's just me who's burning at low wattage.

Thanks.
Bruce_L
Posted : Wednesday, February 08, 2012 9:55:43 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
In the TC2000 version 12 beta, there is an icon to the right of the symbol on the chart (it looks like three lines from an outline in blue) which can be selected which allows you to View Components of MGxxx. So you would just need to select the desired Industry or Sub-Industry as the charted symbol and click on the icon no bring up the WatchList.

In TC2000 version 12, selecting WatchLists on the left and choosing either Main Industry or Sub Industry will add an additional WatchList to the chart which will display the components of the Main Industry or Sub Industry to which the current Active Symbol with the same color Symbol Link belongs.

So in both cases, you would be able to sort the Morningstar Industry Group Averages WatchList by your desired performance criteria and then bring bring up the Components of an individual Industry or Sub-Industry without identifying a stock within the Industry or Sub-Industry first.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Gone South
Posted : Thursday, February 09, 2012 4:04:24 AM
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Joined: 1/28/2012
Posts: 62
Blazing fast response. Thanks, Bruce.
Bruce_L
Posted : Thursday, February 09, 2012 7:58:47 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You're welcome.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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