Mike, forget my request; I found it. bz
Mike, forget my request; I found it. bz
Hi Mike,
Great courses, thank you for sharing the info.
I have a couple of easy questions. I subscribe to eIBD but I have never found the top 100, 85-85 lists or the FTD. I am familiar with the Big Picture the top 200 and the top 50. Can you tell me where are the others are located? Or, is it a product of MarketSmith?
Secondly, what are you referring to with HGSI. The only thing I see around is Human Genome Sciences; I must be missing something basic.
Thanks,
Buzz
Last edited by buzzman; 10-20-2011 at 02:04 PM.
Buzz,Originally Posted by buzzman
The IBD 100 was changed to the IBD 50 some months ago. It is found in every Monday edition. They will show a mini chart for all 50 of the stocks. The 85-85 list stands for EPS rating > 85 and Relative Strength rating > 85. This list with mini charts appears in every Friday edition of IBD. It is named Weekend Review in the paper. The FTD is short for Follow-Through Day. On October 12 we had a FTD, it was discussed on the front page in the Market Pulse section of the next day's IBD. I use eIBD also and save every edition, I have all editions going back to January 2003...
HGSI refers to High Growth Stock Investor. It is an end of day stock charting and screening program. You can google it, they offer a 45-day free trial. They are coming out with a new version in days, so I might wait a week or so if you want to try it.
Mike Scott
Cloverdale, CA
Thank you, I see the light. buzz
Mike, thank you. That all makes sense. But, I got the impression that IBD indicates somewhere in their publication whether or not the trading day met the FTD requirements. That is, they calculate it for everyone. Is that not the case? bz
Perhaps you are referring to what they title "The Big Picture".
Here they recap the day, call FTD or not, and give their count of distribution days during confirmed uptrends.
Thanks, you are probably right. I have not been looking at the Big Picture but will include it in my future scans. thx, bz
Buzzman,
I have been away and so this answer is late. I was attending what IBD calls Market School, a new seminar that they have recently established. The seminar was actuall fabulous. I will report on that seminar in a later post. It relates to your question. It is the Big Picture column that discusses all follow-through days. What is kind of hidden is the FTD threshold. Prior to year 2000 a 1% threshold was used. After this date 1.25% can be used however sometimes this is adjusted for market volatility such as what we often see in a bear market.
So, what is a follow-through day? When the market has been declining in a correction there comes a day that the market closes up either from the day before or earlier in the day. This last part can be seen as a wide range day that closes in the upper half of the range (a shakeout day or hammer candle). Anyway, that day is called a Rally Day or day 1 of a rally attempt. It does not mean that the market is in a confirmed rally yet, it does however mark the beginning of a potential rally. On the next two days we will not call a FTD. Too many shorts are being covered in the first few days of a rally to understand the real buying action of the institutional players. On day 4 or later we now watch for a day that moves up more than 1.25% on volume higher than the day before. This must occur on one of the following indices: S&P 500, NASDAQ or NYSE Composite. Sometimes the Dow Industrials are used for this but remember it is an index of only 30 stocks. When this move up on higher volume occurs we call it a follow-through day. If the Rally Day is undercut on an intra day basis the process resets and we start looking for a Day 1 again.
Mike Scott
Cloverdale, CA
Mike, thank you for getting back to me. Your FTD explanation is very clear.
Do you also use HGSI? It appears that HGSI is an extension of Value Line. I am exploring it with a trial at the moment.
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