Wednesday, October 1, 2014
Saturday, September 27, 2014
Here's the updated plot of RS lines for different sectors.
Below is a plot of the breadth. Because of my father's accident, I could not note down the breadth between Sept 9 to 25. The yellow-green-blue-red lines represent % of stocks which are above their 10-20-50-200 day averages respectively. When the % is at the lower end like 10 to 20% then it is similar to oversold conditions and when the % is at the upper 80-90 end then it is like an overbought zone.
Monday, September 22, 2014
Saturday, September 20, 2014
The bench mark Sensex and the 9 sectors which I track are arranged according to their performance on my screen A. Below they are arranged according to their performance on my screen B:
The basic concept behind my stock selection is the top down approach - track leading sectors and the leading stocks and 90% of my work is done. The rest is actually picking a stock and then trading it.