Week In Review 5-2-2008
I got handily beaten by the stock screens this week. I was down 1.58%. Zweig Relative Strength 5 made 3.53% with a nice pop by AMED and GHM. I didn't own anything in any of my screens and I'm looking really brilliant right now.
All of the screens except "To The Moon" have climbed out of the hole and are in positive territory for the year. I am once again wondering why I even try to do better than my screens.
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"I am once again wondering why I even try to do better than my screens."
That would be called 'Human Nature'.
Hey Scott,
We all go looking to beat the screens don't we? :-) I'm proud of myself this week. I only bought from the screens so I was up 3% this week. I'm getting busy myself with school nearing the end of the year (I teach) and a move this summer to another school. (nice raise...more money for investing. ;-) ) so I'm really looking to be just mechanical.
Question: The MACD screen, what time frame do you use? i.e., day, week, month?
Also, I've been using these ideas with other lists besides ZWEIG. Not nearly the same results. That screen really finds some great candidates!
Finally, if KEELIX keeps posting the ZWEIG26 results, i could see not needing the AAII software next year! It's the only screen I use from it after all.
Matt
I use a daily time frame for the MACD screen and assume a buy when the histogram is positive.
I like the fact that Keelix offers the Zweig 26 screen, but I don't know if he does it legally and I don't know how long he'll be able to do it.
Congratulations on the new job, Matt!
I have been trying to replicate some AAII screens in P123 and end up with portfolios that have some overlap, recently only 2 SIPro names overlapped in P123 and some of the P123 picks were down a lot (GTLS -9%; ARTW -7%). I'm still learning P123 and like the combination of screening and ranking with ability to backtest then create a portfolio.
I've asked AAII what the source of their data is as I didn't see anything giving a clear explanation of the source(s). P123 clearly states they use Reuters.
Response from AAII:
We get raw data from Reuters and I/B/E/S and then process it for use in Stock Investor.
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