Lachesis and All-
It takes work, but I have found that you can get quite an education by going to the websites of the CBOE, Amex and PHLX for info on each of their sector index options, you can save the lists of each, then edit them. I keep 1 list of about 35 indexes on my screen. You will find that some indexes are almost identical, like the BIX and the BKX. Some are more comprehensive, like I use the GSM instead of the SOX (sacreligious in some circles). Some are too broad based, but if you start there and do your own research, you'll build a database. I use to even chart these indexes often, and still think there's something to that, like finding an turnaround early, and watching the laggards like a hawk. Irby will hate this one, but I have access to research (yes RESEARCH) and have been on the Information Technology group early throughout it's recent rally. If an analyst covers a stock and you read the reports, it doesn't mean buy it, but generally the analyst covers other group members and you get to know the group and the rankings. Again, take it from there to find other lagging group members, maybe even not covered by that analyst. Comments.....
-Alex |
