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Gilbert Thornton
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1 1 of 6 5/3/2014 4:01 PM login about faq questions tags users badges unanswered ask a question questions tags users search 2 Hi folks- I'd appreciate seeing how you scan for stocks that out-perform the general market (S&P500). Thanks much! outperform scan asked Feb 17 '13 at 10:45 Drew Follow this question By Once you sign in you will be able to subscribe for any updates here By RSS: Answers Tags: Answers and Comments scan 214 outperform Answers: oldest newest most voted An easy way is to use the SCTR (scooter) formula provided by Stock Charts: [SCTR.sp5 > 90] This picks stocks doing better than 90% of all other stocks in the SP500. Look in the Scan Builder section of the Advanced Scan page in the "Price, Volume and SCTRs" drop down for other SCTR options. You can also add other conditions to fine tune the setup/entry, like making a 5 day low: and [close = min(5, close)] Asked: Feb 17 '13 at 10:45 Seen: 2,009 times Last updated: Apr 07 '13 at 09:35 Related questions Can I write a scan for dividend yield? Is there a scan for stocks stronger than reference stock? How do you scan for $5 and 5% move either way?

2 2 of 6 5/3/2014 4:01 PM or Slow K below 50: and [Slow Stoch %K (7,1) < 50] or a 21 day (monthly) high: and [close = max(21,close)] etc. The formula is explained here: Scooter article in Chart School link answered Feb 17 '13 at 11:20 markd 14.8k I think you are confusing SCTR w/ Relative Strength(RS)...A stock w/ a SCTR score has not necessarily outperformed one with a score that is lower over a given time frame...doug Sharptraders (Apr 06 '13 at 00:44) And actually if an RS rating which Stockcharts does not have is a weighted RS the same thing could be true...doug Slope (50) with SMA (10) Overlay Scan I am new to this website. How can learn more to know what parameters to put in order to code the scan Would you use a "score sorting" in your scan results? Is It Possible to Change Default Scan Definitions? How can I scan for the "Pocket Pivot" setup? cross over Can you scan based on 60 Min charts? 1 Sharptraders (Apr 06 '13 at 00:46) well, if you use SCTRs, you have to be aware of the (multiple) time frames used in its calculation. If you want stocks that are outperforming on your own time frame, you would probably start with HorseTrader's approach. Of course, lots of stocks outperform in the short run, but they don't have legs. So you would need to come up with scan terms (indicator configurations) to narrow the field (in other words, your own definition of a strong or emerging stock). SCTRs is a ready-made definition that's well thought out and easy to use. markd (Apr 06 '13 at 08:21) 3 The last answer (and SCTR) works great if you're focusing strictly on stocks included in the S&P groupings. I would assume from your question, though, that you are interested in the entire stock universe, many of which do not have a SCTR score. Take SPWR for example. Solar has been the #1 industry group for most of this year and SPWR has led the way. From Jan 1st to mid-feb, it nearly tripled in price... yet it has no SCTR score because it's not included in an S&P grouping. How do you find SPWR without a SCTR score? The best you can do is manually calculate the percent change in S&P for the timeframe in question, then use that percentage in a scan. As of today, the S&P is up 9.3% YTD and there have been 77 trading days. Your scan would be:

3 3 of 6 5/3/2014 4:01 PM [PctChange(77,close) > 9.3] Or, you could just use a random number, like 20, knowing you're capturing the best performers in the timeframe. Giddy UP! Horse link edited Apr 06 '13 at 11:51 answered Apr 05 '13 at 12:28 HorseTrader yup, you could do that, and/or, to refine it just a little, if you have an interest in a particular sector or industry, you could look for 21 (monthly), 63 (quarterly) or 252 (annual) new highs (and [close = max(x,close)] on a day to day basis in that sector or industry. The sectors and industries do not have the SP membership limitation, and strong stocks ought to show up frequently on that kind of scan. You could eliminate the chaff by also requiring rising MAs, unless you are looking to get in early on a new possible winner - e.g. a stock that has long MAs declining but makes a monthly high. If you don't see evidence of selling exhaustion, that would be a sell, but if you see, say, a double bottom, climactic downside volume and a few strong up days on the way to making a 21 day high, you might be on to something. markd (Apr 05 '13 at 17:11) Agree. There are several ways to narrow it from the simple PctChange. I didn't address any of them since the question was tied to outperforming the market. Still, it makes me wonder why, if stockcharts is using the SCTR, why they wouldn't just use the ranking based on the entire market as IBD does. Why worry about SCTR.sp4, sp5, sp6, etc, when a single SCTR would work even better as it would include all stocks. HorseTrader (Apr 05 '13 at 19:26) 1 Here's another way I just discovered. Forgive me if it's been discussed before. I've been with stockcharts for over 6 years, but just recently (as in yesterday) found this area. I don't spend much time in the Free Charts section. This is close to an IBD/top down type system. Industry Group Rankings IBD 197 industry group rankings are based on a 6-month % performance. You can change the timeframe on this table to whatever you desire. You can also sort by %Chg. So there's your ranking. But this is far from impressive at this stage. Change the timeframe to one month, and see that Biotech has led the way with a 7.9% gain. Click on the Biotech name (link) and it drills down into the stocks making up the index. Again, they can be sorted by timeframe and %change. This enables you to see the leading stocks in the leading industries. From here, you can look at the charts. One hint, instead of left-clicking on everything, I prefer to right click and select "Open in new window". This makes navigating much easier. So, this has some apparent weaknesses that make the tool fall flat. I've written SC requesting mod.

4 4 of 6 5/3/2014 4:01 PM the lists include penny stocks. I believe these indices are equal weighted, so the 154% gain in the leading $0.009 stock has equal signficiance to the 25% gain in the $20 stock. IBD actually limits their industry rankings to include only regular priced stocks. This tool currently allows you to really do nothing with it beyond looking at it. Why isn't there a "Put in favorites list"? Your only options from this point are to open each chart individually then save or go to the Advanced Scan Engine, and scan for the industry groups. I would love to see SC add a selector next to each stock and allow for saving of those selected charts to a fav list. Even with it's current weakness, this allows you to top down analyze the market to find those Livermore type stocks that many of us love to trade. Giddy UP! Horse link edited Apr 06 '13 at 11:50 answered Apr 06 '13 at 11:27 HorseTrader ) You can put the list in a favorites...just takes a few minutes...i'll save you some time...just copy and past the list I will put in my next comment. 2) I'm not sure why Stockcharts puts these Dow Jones Indexes under each SPDR Select Sector...The sectors are tradeable and consist of their own individual component holdings. 3) Yes...they do include penny stocks...but they do not include all stocks in each Dow Jones Index...That's why sometimes when you look at the % change in an index and then look at all the stocks that Stockcharts has for that index it makes no sense. Doug Sharptraders (Apr 06 '13 at 12:12) OK...well I don't know how to pre-format but Gord did so when I posted the list last time... Go here and scroll down to October 24th...Then you can copy and paste all 104 DJ Index symbols is about 1/3 way down the page on a horizontal scroller Sharptraders (Apr 06 '13 at 12:20) HorseTrader, 6 years congratulations and you just discovered the sector summary tool. StockCharts is adding new features all the time and in order to get the most out of your membership I suggest you look at the members page at least every few days. Everything new will be shown under the "Whats New" or "New Blog Article" sections. I have it as one of my opening tabs and give it a quick look every day, just to keep up to date. Was glade to see that Extra members now have access to the "User Defined Index" tool, just announced today. Gord (Apr 06 '13 at 13:44)

5 5 of 6 5/3/2014 4:01 PM The Sector Summary came out last year I believe Sharptraders (Apr 06 '13 at 14:30) Yes, I know how to scan, put something into a list, run scans on that list, etc etc etc. My point, though, is once you scan that list, you really can still do nothing more with it. If in my scan, I found that Pharma has outperformed, well, good. Now what? I now run another scan to search for Pharma stocks. Very cumbersome. MarketSmith, I run a scan looking for the current top 20 ranked industry groups. In that same scan, I can limit the criteria however I want. I then get a list of all stocks within those groups, sortable by every column including industry group rank. It's very ingenious without having to run 2-3 different scans. Stockcharts, I have to piece it all together, or use FINVIZ or stockfetcher. My point of the post was the industry group list at least lets me drill down all the way to the individual issue level. But, then again, what to do at that stage? Run another scan. Gord, I spend all my time in Members area, I see announcements. I don't venture out to the free areas. HorseTrader (Apr 07 '13 at 09:35) 0 Drew, here's another article from a few years ago, it gives you some other ideas on how to create and modify a custom scan. cheers Gord link answered Apr 05 '13 at 21:40 Gord 18.4k You can also go here... I have the SP 500 components sorted YTD...but you could change it: Doug link answered Apr 06 '13 at 14:46 Sharptraders 3.4k Your answer

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