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Scanning Bowley's Industry Relative list
I'm having lots of trouble getting ANY results scanning Boley's Industry Relative list. Removing criteria one at a time left me with the chartlist only in the scan, but I still get zero results....anybody know what's going on?
I would recommend you delete the line in your scan that names the list, then add the list back by choosing the list from the Chart List drop down below the scan window (this will be a list you created in your own account, not any list you might have seen on Stockcharts TV). It will appear at the bottom of your scan ( you may have to scroll down to see it). Cut and paste it to the top of your scan (so it is the first line). If the word "and" appears as the first word of the first line, delete it (the word "and", not the line).
Are you using the $DJUSxx symbols for the industries in your list?
Can you share your scans and at least a sample of the symbols in your lists?
Hard to help with so little information.
[FAVORITES LIST IS 77] AND [PCTRELATIVE(20,$SPX) > 0] AND [PCTRELATIVE(20,VTI) > 0] AND [[SCTR.LARGE >80] OR [SCTR.MID >90] OR [SCTR.SMALL >90]]
So, try making a list with only the $DJUSxx symbols and scan that.
However, the $DJUSxx symbols are indexes, not individual stocks. As far as I know, they don't have SCTR ranks, or, if they do, they won't have SCTR.large (large cap individual stocks) or SCTR.mid, etc. so that part of the scan will cause zero results.
The PctRelative part of the scan, if you run just that, should work.
If you want stocks by SCTR.xxx in individual industries, then you want something like
[group is Semiconductors] // corresponds, more or less, to stocks used to compute $DJUSSC index
and [[SCTR.LARGE >80] OR [SCTR.MID >90] OR [SCTR.SMALL >90]]
Select the [group is xxx] from the Sector and Industry drop down under the scan window.
You could scan more than one industry at once with the sector
[group is ConsumerDiscretionary]
or you could combine selected industries into an or statement
[group is Automobiles]
[group is SpecialtyRetailers]
This scan — [FAVORITES LIST IS 77] AND [CLOSE > 1000] — returns BKNG and GOOGL.
Using edit I have created a complete copy of Templeton's list and I have created a copy that contains only Tom Bowley industry favorites. Running the scan above against these copies returns nothing.
There appears, at least to me, something "magical" about the way John Templeton created his list.
I greatly appreciate your efforts and I have reached out to earningsbeats for a possible explanation.
If you want the actual index membership, you have to explore the DowJones/S&P website. The index membership data may be free or you may have to subscribe. In any case, membership in the indexes changes frequently as companies merge or change their business models (i.e. selling off or acquiring units that change the industries responsible for their main sources of revenue).
Not sure I'm up to the task of doing 28 industries, or what I would actually achieve, but at least that's a solution
- Using industry show all members
- Copy to a spreadsheet
- Save only tickers in a csv file
- import the csv file
// begin scan
[group is DrugRetailers]
// end scan
Run this scan.
On the results page, select an action from the Available Actions drop down above the results list.
This avoids the steps of copying to a spreadsheet and uploading a csv file..
In the end no spreadsheet required and Available Actions created the new chartlist. An excellent learning experience for me. Very impressed by the help I received from those with patience.