web analytics

[dc]I[/dc]’m going to start doing something new for my readers. Several times a day, I will update the page of market statistics that is available here. I will tweet when it’s updated. Sometimes I may also call out some interesting points, but often it will just be the page update. Over the years, I’ve created many stock scans or screeners, and have even created some that are being sold professionally. What I’ve done here is to boil down the most critical elements that I think two types of traders should be looking at. For daytraders, there is a lot of value in knowing what is moving, where, and how. Not that you’re necessarily going to run to whatever is hot, but it’s a different kind of market, depending on what sectors and what kind of breadth is driving the day’s move–that’s important information. For intermediate term active traders, there’s also a lot of value in seeing a “microscopic” view of the day’s trading. Again, our goal is not to be reactive, but to know and understand what is moving the market. (Obviously, long term investors–the true “buy and hold guys”–are likely to find information like this less constructive. If you belong in this camp, and if you say you do make sure that you truly have your head and emotions in the buy and hold game, then focusing on short term movements is likely to do more harm than good. What should you be doing, market-wise, on a daily basis? Probably nothing at all!)

The stats page is here, explanations are here, and you can also find links in my menu bar. Expect that this project may evolve a bit over time as I tweak some things (and there are likely some bugs that I’ll need to find and work out), but I hope you find this to be a valuable addition to your trading process. Here is a short video what walks you through the scans in a little more detail: