May 12, 2007
Best & Worst Relative Performance — Week Ending May 11, 2007
Does anybody make use of these relative performance posts? I’m thinking about abandoning them.
Semiconductors, Materials, Energies, and Tech all outperformed …
… while Biotech was awful, and Gold and Health Care / Big Pharma also stank.
Cat: | Time: 3:43 pm (utc+8)
May 12th, 2007 at 7:21 pm
I like them but then again I like all kinds of data.
May 12th, 2007 at 7:23 pm
I would prefer you replace these with the ETF trend tables :-)
May 12th, 2007 at 8:07 pm
Eyal: The ETF trend tables are much more work than these, so they’re never coming back. ;-)
May 12th, 2007 at 8:10 pm
Eyal, I automated my rip off version of Maoxian’s ETF Tables, you can get them on my new site.
May 12th, 2007 at 10:47 pm
CM - not trying to beat a dead horse but maybe that can go into a ‘members’ section.. ;-)
Tom - I wasn’t able to find that on ur site, would u mind emailing me a url? My email is on my blog.
May 13th, 2007 at 5:39 am
It might be helpful if you tell us how you use the relative performance… I can get the relative performance numbers themselves in a lot of different places, more important is why is it helpful?
Do you buy the outperformers? Look to take profits? Use this as a filter on your screens for individual stocks?
Inquiring readers want to know… but by all means stop doing it if it doesn’t provide any value or interest to you… this is your soapbox.
May 13th, 2007 at 1:06 pm
All you need to know about Biotech was AMGN and DNDN.
May 13th, 2007 at 7:45 pm
Jason: I’m always aware of what’s relatively strong and weak from week to week. It’s hard to say how I use it in an isolated way, but I’m nervous now about the state of the REITs — that’s the kind of thing you can’t see from these weekly snapshots though… it’s a cumulative thing. Sorry for the lame answer. ;-)
May 14th, 2007 at 2:05 am
“Does anybody make use of these relative performance posts? I’m thinking about abandoning them.” - If it’s not too much trouble, could you wait until after I’m dead or at least incarcerated?
May 14th, 2007 at 9:37 am
Larry: They mean that much to you? ;-)
May 14th, 2007 at 9:45 am
CM,
why isn’t there 2 chickpix this weekend? don’t you owe us a chickpik?
May 14th, 2007 at 10:52 am
One Way: Be happy with the occasional chick pic or I’ll abandon them (and lose 95% of my readers), lol.
May 14th, 2007 at 12:01 pm
Can I talk about FXI in this space? Please! It’s not that I’m concerned particularly about that security, as I’m not trading it. No. I’m worried about another plunge in China causing my swing trading positions in US equities to tank overnite big time without my getting any warning. There are now appearing a plethora (D. Landry word, one of several long ones that he knows) of frightful stories out of China… of bellhops going double long Big Sugar, or whatever. I know that you know what I’m talking about.
So, Mr. Chairman, my question to you is this: are there any contracts, equities, indicators, whatever that I can probably call up on the Interactive Brokers software— they would permit me to trade various foreign securities and may therefore show me charts on same— that I could use as indicators of what’s going on in China. I suppose that they don’t have the likes of VIX, but what about other indexes? Or whatever. Anything. Or any other ideas…
May 14th, 2007 at 2:55 pm
Mike: I guess you could look at some breadth indicators for the Shanghai and Shenzhen markets, though I don’t know if any exist offhand. I’ll have a look at the Bloomberg later if I get a chance and see if they have anything in that vein.
May 14th, 2007 at 10:53 pm
[…] A reader named Mike (not TraderMike) asked if I knew of anything that would indicate a top in the Chinese market and I replied that looking at market breadth statistics would be useful. I poked around on the Bloomberg and found no breadth stats for the Chinese stock market, so I decided to look at the On Balance Volume (which TraderMike does look at) for the Shenzhen Composite Index (45 minute chart). On Balance Volume relates volume to price change. It is calculated by adding the bar’s volume to a cumulative total when the security’s price closes up, and subtracting the bar’s volume when the security’s price closes down. […]