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Strategies & Market Trends : VectorVest Prographics -- Ignore unavailable to you. Want to Upgrade?

To: Jim Pulliam who wrote (83)	4/13/1998 9:57:00 AM
From: Les H	Read Replies (1) \| Respond to of 140

You have to be in Weekly Data Mode (click Weekly Data Mode under Setup on the program's menu bar). You go into the Highs/Lows function (click Highs/Lows under Tools on the menu bar). You specify the date for the report, the number of weeks for the highs, and run the report. Once the report is displayed, you can sort the report by selecting Industry in the Sort function (it is the last field in the pull-down list of fields). There, you can visually identify the industry groups having the most stocks making new 52-week highs (an alternative method is to look in the IBD that week). I limited the industry groups to those that are not Utilities, not Cyclical industries, with preference to technology). You go into the Portfolio Builder function. You specify the date for the report, the portfolio size in dollars, the number of stocks, the industries from which the stocks are drawn, and the Strategy used to screen the stocks. For each industry, you specify the number of stocks and percentage of portfolio to allocate to the industry. I used 1/30/98, 100,000, 10 stocks, selected the industries found in Highs/Lows, and selected Bottle Rockets since it tended to get high fliers. Another Strategy that worked well for this run has been Ind Group Winners. It was up 22% so far in 2 months. I was testing this strategy since I was looking for a way to screen strong stocks when market is coming out of correction. Since Portfolio Builder only returns the prices and share amounts for the stocks for the date you specify, if you are backtesting, you will have to get current prices for these stocks to determine the current portfolio value to assess the strategy.