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Registered User
Joined: 10/7/2004
Posts: 51
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I would like to find a way in Blocks to identify the strongest and weakest sectors within an index. I can use TeleChart to do this for individual stocks using the Custom Date Sort, but perhaps Blocks could even show me which industries are leading/lagging within a given index.
This could be a custom index or a known market index, so let's just use the RUT for example. How could I use Blocks to find which sectors/groups are behaving best and worst within that particular small-cap index during a specified timeframe?
Thanks for any ideas!
Jeff
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Let me be sure I understand:
You want to scan the components of a list (like the SP500)?
You want it to find all the stocks that are in industries that rank high vs. all other industries?
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 51
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Craig, Yes that is correct.
This would help to identify both the industries within an index which are performing well or poorly, & of course the underlying stocks within those industries which are leading or lagging.
So a hypothetical example would be that a scan reveals copper stocks leading with FCX being the strongest, while residential housing lags with BZH as the weakest during a specified timeframe.
I can do this for "the market" by looking through the Hemscott Industry Groups using the Custom Date Sort and then doing the same within the strongest & weakest sub-industries, but I do not know how this could be accomplished for a custom index where not all industries may not be represented.
Hope that clarifies better, if not I can try again!
Thanks very much,
Jeff
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