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My Guide to Investing

Step #1. Identifying companies that look promising.

  A)...Finding which industry groups are moving up
    Each week I need to be able to spot trends in the market. One way to do this is to do this is to screen all companies by industry group. Wall Steet City has a screen for industry groups that includes self-relative price performance in % or rank for over 1, 3, 6 weeks or years, mean analyst score, and group rank. Results can be sorted by column by a mouse click. The number of industries selected can be much larger than the number dispayed. Sorting will make some industries appear or disappear from the list.

    For a list of hot industries and sectors, try bar graph of hottest industries and stocks 1 day, 6 week, 18 week, etc at Wall Street City , bar graph of hottest 1 day industries and stocks at Stock Smart ,hottest industries by 1 day & 5 day at Market Guide , hottest sectors by 1 day & 5 day at Market Guide .

    For a historical perspective on group rankings for the 6 month performance benchmark, look at Group Rank trends of S&P Industry Groups - Excel file at Wall Street City. This is a table of 240 industry groups looked at once per week with the 6 month performance window moving along similar to a moving average window. Groups each week are ranked from 0 to 99 relative to the 6 month price growth of the industry compared to all others. Ranks are grouped into three subgroups of colors. The Excel file can be sorted to reveal trends. One sorting technique involves...
1A..List of Industries at Wall Street City
1A..Industry rankings from IndustryMonitors.com
1A..Summaries on industry group performances
1A..Telescan ranking by Industry
1A..Rapid Research screen by industry, %Institutional, PE rank, etc
1A..Stock screener at Hoovers by Industry and fundamental
Listing of S&P 500 companies by sector



  B)...What others are recommending
   
Group Rank trends of S&P Industry Groups - Commentary
Lists of what analysts and columnists are recommending on TV, radio and print
free S&P reports via Fidelity account (Outlook, Screens, Investor's Monthly)



  C)...Picks of Off-the-shelf Screens
Top EPS Rank and Relative Strength Rank stocks of Investors Business Daily
Top EPS Rank NYSE , Top EPS Rank AMEX , Top EPS Rank NASDAQ
Top RS Rank NYSE , Top RS Rank AMEX , Top RS Rank NASDAQ
EPS and RS rank defined


  D)...Big picture: market trend and economic view
table table table table table table table table table table table table table table table table table table table table table table table table


  E)...Order out of chaos, consensus on what looks good?
The universe of stocks have been inspected four ways - industry trends, the opinion of analysists, technical screens, and the big economic picture - and there should be some company names that stand out above the noise. List these and go to the next step in the process.


Step #2. Researching promising companies.

  A)...Fair value models

S&P star ranking listed with other stock profile data
the fair value of a stock


  B)...Why are things good? -Balance sheet info
table table table table table table table table table table table table table table table table table table table table table table table table


  C)...What products, who owns and who leads the company, whats new
List number of shareholders, number of inst. etc via Quicken


  D)...Who are the competitors, who has the edge
compare stock fundamentals to industry
Stock evaluator from Quicken - compare fundamentals of arbitrary tickers via bar graph
Stock evaluator from Quicken - compare fundamentals of industry via bar graph
SIC code data for companies (others in group) username and password = sic
Listing of the Government's SIC codes
Thomas Register, username=abcdefg, standard password


  E)...Technical view
Download historical price quotes to Excel via Yahoo


  F)...Screening to find how unique selection is
Make a list of parameters that make each company stand out. Run these parameters through one of the many screening engines, and see how unique the selections are.


Step #3. Buy and sell strategy for selections.

  A)...The right price
Taking into account the recent price history, fair value of the stock, and general state of the market, come up with a strategy for getting in and out of the remaining stocks. Use limit orders to add discipline and make the process take care of itself.


  B)...Pratice strategies using stock simulations
Stock simulations...


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***Analysis, Advice & Recommendations***

Portfolio Analysis of custom entered tickers or predefined groups
Technical analysis of individual stock via VectorVest report
CANSLIM site
Ian Woodward's High Growth Stock tribute webpage
chart of 12 month forward constant time horizon earnings estimates
Chart of earning estimate and surprise
Marketplayer buy-hold-sell ranking
Blue star list
List of short term investment candidates identified by neural net
Recommended list of stocks meeting CANSLIM criteria of William O'niel
How to read a balance sheet
Balance sheet supplied by Quicken

***Economic Data and Commentary***
Economic time series data - possible to download to Excel
Analysis of the economy

***Test Strategy using Trading Simulators***
Interday Stock Trading Simulator - Slow
Closing Price Stock Trading Simulator - Faster

***Other***
quotes by email (subject:marklee3,body:quote tick1 tick2 ...)
tax form 1040a
Tutrbo Tax online - opens in Jan 99
Search multiple search engines
Lots of stuff for stocks at DailyStocks (companies in sector, beta vs S&P, etc)
Does Investor at MSN still exist?
Dreyfus Brokerage with list of S&P companies with news, historical quotes, etc