If you click the above graphic from FinViz, you'll see an elegant display of sector strength (which sectors show more green than red), but also where individual stocks within each of the sectors fall in terms of performance. Some very interesting ideas for pairs trades could come from such a look. Monitoring the graphic over time could also help traders see situations in which the market as a whole strengthens, or--in today's case--reverses and weakens. What you would see is both which sectors lead the market movement and which stocks within those sectors are acting as leaders.
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5 comments:
is that the paid version of finviz? dont see that graphic on its site.
Dr. Brett:
Which specific map is this? The default maps do not seem to sort the stocks the way your picture does.
http://www.finviz.com/publish/090909/sp500_large1505.png
Finviz is always uppin the ante. BUT..........my favorite intra-day indicator is the highs/lows tape. Customize to it volume, % gains or losses, exchange and market cap. Just keep an eye on that....considering you know your sectors through and through....and you can act instantaneously. THE ONLY reason I've kept my old scottrade acct.
Is that one of their pay screeners or a free one?
It is on the free version, here's the direct link to it.
http://finviz.com/groups.ashx?g=sector&v=510&o=name
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