[dc]N[/dc]ot exactly a chart of the day today, but here is something that will be useful to both stock traders and longer-term investors: a list of liquid stocks, ranked by current relative strength. Now, a few points to consider. First of all, a relative strength ranking is highly dependent on the specific relative strength measure. This list uses a ranking I personally developed that is basically a weighted average of returns over several different timeframes. This measure is discussed in detail in The Art & Science of Technical Analysis
, but the idea is to have a measure that is responsive to recent data while retaining a “long memory” of price history over a year or more. Second, this is an unfiltered list, and may include things like takeovers and buyouts. Obviously, eliminate those from your trading consideration. Last, trading relative strength leaders is not easy. It’s not simply a matter of buying leaders and watching them go up. Real trading skill is required since these often get hit harder than the broad market on any stumble. Regardless, having a list like this does the first part of your job, and narrows the field to some of the best candidates for many styles of trading.
Download :Relative Strength Leaders
