Pascal
12-03-2013, 09:30 AM
Using the EV database, There are two interesting ways to find trading ideas.
The first is to look at the Sectors sheet on the repository stock data file and the second is to look at the daily thrust activity file. Both files can be found in the Filters section.
21077
1. Sectors Sheet on the PascalA repository file
This sheet looks as below.
21070
The TEV extension is a sign of the strength of the 100 days accumulation for the sector. It measures how much the TEV is above its average compared to the past 100 days.
The 2 days normalized thrust measures the strength of the money flow in the sector for the past 2 days.
A positive TEV combined to a negative Thrust indicates a sector that is pulling back after a strong accumulation.
A negative TEV combined to a positive Thrust indicates a sector that is cheap and starts attracting money.
A positive TEV combined to a positive Thrust indicates a sector that is in a continued accumulation.
A negative TEV combined to a negative Thrust indicates a sector that is in a continued distribution.
When sorting the list by decreasing Thrust, we can see at the top that for example coal miners have been attracting money after a strong pull-back. The last column also indicates how far the sector is from issuing a signal.
21075
The coal sector can be seen below. It could still "back and fill" before issuing a buy signal, but it is an interesting sector, in the context of a bounce in oil.
21072
Below are the weakest sectors in terms of thrust.
21071
2. Daily Thrust Activity
This daily thrust activity is a file that I watch every day, especially BEFORE the close of the market. This file is updated every day early in the afternoon, during the trading day. This allows to detect strange activities in some stocks.
The Thrust is simply the Total Effective Volume of the day compared to the average absolute value of the TEV of the past 10 days. A Thrust of +3.00 indicates that there is three times more money moving in the stock that what we could register on average for the past 10 days.
Usually, earnings surprise produce either a positive or a negative large thrust.
At the top of the file, we can see the average Thrust for all the stocks in each industry group.
If the average Thrust is negative, it is interesting to have a look at the stocks with a positive Thrust and understand why the move on the other direction.
21076
We can see that PETM (Negative Thrust) and WWW (Positive Thrust) could be interesting, especially if you have that information by mid-day.
2107321074
The first is to look at the Sectors sheet on the repository stock data file and the second is to look at the daily thrust activity file. Both files can be found in the Filters section.
21077
1. Sectors Sheet on the PascalA repository file
This sheet looks as below.
21070
The TEV extension is a sign of the strength of the 100 days accumulation for the sector. It measures how much the TEV is above its average compared to the past 100 days.
The 2 days normalized thrust measures the strength of the money flow in the sector for the past 2 days.
A positive TEV combined to a negative Thrust indicates a sector that is pulling back after a strong accumulation.
A negative TEV combined to a positive Thrust indicates a sector that is cheap and starts attracting money.
A positive TEV combined to a positive Thrust indicates a sector that is in a continued accumulation.
A negative TEV combined to a negative Thrust indicates a sector that is in a continued distribution.
When sorting the list by decreasing Thrust, we can see at the top that for example coal miners have been attracting money after a strong pull-back. The last column also indicates how far the sector is from issuing a signal.
21075
The coal sector can be seen below. It could still "back and fill" before issuing a buy signal, but it is an interesting sector, in the context of a bounce in oil.
21072
Below are the weakest sectors in terms of thrust.
21071
2. Daily Thrust Activity
This daily thrust activity is a file that I watch every day, especially BEFORE the close of the market. This file is updated every day early in the afternoon, during the trading day. This allows to detect strange activities in some stocks.
The Thrust is simply the Total Effective Volume of the day compared to the average absolute value of the TEV of the past 10 days. A Thrust of +3.00 indicates that there is three times more money moving in the stock that what we could register on average for the past 10 days.
Usually, earnings surprise produce either a positive or a negative large thrust.
At the top of the file, we can see the average Thrust for all the stocks in each industry group.
If the average Thrust is negative, it is interesting to have a look at the stocks with a positive Thrust and understand why the move on the other direction.
21076
We can see that PETM (Negative Thrust) and WWW (Positive Thrust) could be interesting, especially if you have that information by mid-day.
2107321074