Well, it's my first video effort, so be gentle! Need to work on the graphics quality in .wmv mode and could be smoother, but after crashing the computer and losing my files more times than I care to count, it's nice to see some fruits of an afternoon's labor.
The basic idea here is a bottoms-up notion: By tracking the dollars flowing into and out of sectors within the S&P 500 universe, we can detect if large institutions are accumulating or distributing stocks. That, in turn, will help us determine whether we're putting in a market bottom after the recent decline or whether further weakness may be in store. This was very helpful in my decision to not jump in and buy following the large market decline on the 27th, and it continues to guide my intermediate-term perspective.
Hope the video provides some guidance for your trading this coming week.
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9 comments:
Nice video, but agree about the quality - some of the text was blurred. Hope to see more of these! I must say that somehow I pictured a different voice than what I heard :)
Cheers,
Kaushik (galatime.com)
Hi Brett
Just listened to your first video which is good all things considered.
Nothing like audio or visual to reinforce your points of views.
Hsieh hsieh ni.
Thanks, Kaushik; it'll be fun working on refining the videos. My goal is to eventually use them for instructional purposes (rather than market summaries).
Brett
Hi AnaTrader,
Thanks for the feedback. I do think that the audio and visual modes will be helpful in illustrating specific trading skills.
Brett
Amazing! Thanks a lot for your efforts!
Great work, Doc. Lovely S&P composite chart towards the end of the video.
Bryan Wendon
Thanks for the feedback; I'll post that composite S&P chart to my personal site tonite, where there will be better screen resolution!
Brett
Mr Steenbarger, I am on page 105 of your book when i found out about this blog... THANKS!! I trade the SPY and am very interested in your process. Can you share what 8 sectors and 5 companies you follow? Also, how did you calculate the money flow? is this something an "average Joe" can do? Thanks again for the good read!!
Hi Louminn,
Thanks for the interest. I think if you look in the TraderFeed archives over the last few weeks, you'll find lots of info on dollar volume flow. Also check out the Trader Performance page on my personal site:
www.brettsteenbarger.com/trader_performance.htm
I obtain my raw data from RealTick and calculate the indicators in Excel.
Brett
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