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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: Amelia Carhartt who wrote (1404)12/26/1998 11:23:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 4916
 
MSB; I use a lot of what Battaglia uses, but I find the VIX is sort
of an after the fact indicator. I watch the tick real close ,
but only to compare it in a relative sense with the rate the indexes
are moving, this has no hard fast rule, after time you developed
a feel for the "rate" movement of both, and notice any anomalies,
we only get specialist and MM short interest report once a week,
and so that's useless, as it can swing a lot in just one day.
Like it did JULY 17th, that was the tip off but I didn't get
it from any data on their shorting, I could just see them doing
it. Not directly mind you, but more like passing a Van that has
two lovers in it, and is shaking back and forth. <G>
--------------
Any sort of large fast divergence or anomalies in the markets
signals some more change coming, right now interest rates have
reversed and the move is opposed to the normal, as stocks are
still climbing, it's something that has my attention, and I'm
going to be looking for any other anomalies a little harder
if that don't soon adjust.
-------------------
I look at so many things it would be an ordeal to post them,
but I have in the past posted them all a piece at a time.
Right now I'm into looking at the new SPDRs , inside out.
They are one of the few we can get "ALL" of the most pertinent
info on, make up and weightings. So instead of just tracking
their index or bench mark, I can peek inside at what's making it move,
and ask why easier than I can the S&P.
This requires a spread sheet you can import to, that re-weights
dynamically, hence I will also know if the trust or specialist
handling it start cheating. To do all of that I may have to
give up a lot of other things I've been tracking.
I'm running over 60 portfolios on paper and just eliminated
4 of them, while bringing in nine more, I'm really getting
data over load..<G>
BTW picking out some no load funds to compare , (don't compare
loads with no loads for market signals ) this can often tell you
more than the indexes, and now Yahoo can make it easy,
as at the bottom you get to down load the daily data in work
sheet format.
chart.yahoo.com
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Put them against and type of bench mark you think fits,
and look for divergence convergence.
That historic data window in yahoo is neat, AND it's free,
and I can pop the download button, to grab what I want,
and slip it in a spread sheet almost on the fly.
Jim