Did you know that the WSJ provides two reports that you might find interesting.
These reports are down loadable into Excel.
I have updated my weekly sector spreadsheet. With finding the better capabilities of WSJ's sector information, I have included a sheet that shows ALL OF THE SECTORS over the time periods in addition to the leaders/laggards. I think that you'll find that very helpful.
If you see any issues with the spreadsheet, please let me know.
These reports are down loadable into Excel.
I have updated my weekly sector spreadsheet. With finding the better capabilities of WSJ's sector information, I have included a sheet that shows ALL OF THE SECTORS over the time periods in addition to the leaders/laggards. I think that you'll find that very helpful.
If you see any issues with the spreadsheet, please let me know.
8 comments:
Hey Leisa
Nice title for your blog - and nice sector summary
You're right about commodities being the last to go down at the end of the cycle...
...watch Dr Copper...
As far as technical analysis...
I think if the self acclaimed experts at BillCara.com would take the time to investigate the behavior of the big players - they would learn that TA plays a very very small role in the success of top traders.
Also, Markets aren't as conspiratorial as the crew at Bill Cara seem to think - there is a lot of randomness...
Also Group Think and censorship of ideas isn't my bag...
Question everything... keep an open mind.... allow multiple viewpoints - think outside the box - don't think in staight lines - ignore cause and effect - allow irrationality to coexist with order... then you will get the good trades!!
Hope you are having a good year in your investments....
nice guy
Thanks for you comments. I'm glad you liked the sector summary.
In the marketplace of ideas, one's method of delivery is oft-times more important than the idea. An off-putting delivery leaves some with little patience for considering the idea.
In general, it's a wise principle to NOT pi$$ in the backyard of one's host or on the shoes of other guests. That doesn't mean that other ideas cannot be discussed and debated. And group think and censorship never is helpful--and I've discussed that in that forum as well as others.
While I understood the mood of the reception to your comments--they looked down and found that their shoes were wet--I believe strongly in not ascribing motives to the posts of others. All we can do and reflect our own reactions to them.
And the on-line environment--bereft of any of our body cues that offer conciliation between our words and our meaning--is a particular difficult venue to conduct the business of changing the ideas of others when we've not earned the trust and respect of others we wish to persuade.
I've a great respect for what Bill has accomplished and the community that he has developed. Many of my readers know me because of my participation on that blog. I remember when the comments section was just a few dozen if that! I remember making an entreaty to the community on 01.01.07 to invite more to participate in the discussions. The folks that are there now are core to that community.
Perhaps rather than telling them what they should be doing etc, you could contribute what YOU are doing, your thesis for doing so, perhaps a company or a sector to consider and your unfolding time frame.
Leisa:
I just read your entry over at the Cara site, 23March2008 8:33 PM and wish to respond to you.
Like you, I spent decades in the financial services industry, much of it at GS to be precise, and at one point in time was separated on the "organization chart" of that firm from a man who was to become Secretary of the Treasury by two positions. Beneath, obviously.
Like you, I have read the writings of Cara extensively, as well as much or even most of the daily commentary of others. I have actually read it pretty much daily since its earlier iteration as traderwizard. I find much his and the other commentary to be reasonably valuable, especially to those who have had little or no experience in identifying entry (and exit) points for various categories of investments.
Like you, I noted the entry there authored by this individual "nice guy," and failed to see anything vulgar, offensive or even unusual in it.
Now what I have noticed on the Cara site is that periodically this same type of event recurrs ... someone authors some meaningless or slightly unusual entry and then the host goes ballistic, claiming that he has been "bombarded" by complaints. Somehow, I doubt that to be true.
My suspicion is that Mr. Cara, as are many who have attained seven or eight figure net worths as a consequence of their dedication and industry, has developed a "sense of self" or ego of such a size that even imagined slights require his time to engage. A very difficult person with whom to associate.
In other words, the type of individual with whom one might trust one's money, but not one's friendship.
I believe that you showed acumen and courage in calling him out with respect to his recent tantrum, and I am certain that you are a little bit suprised that the tantrum spilled over onto you with a rapid swat.
The "my way or the highway" category of personality, into which Cara clearly chooses to position himself, is a very unpleasant category indeed.
Anon: My post there was not to call out Bill. I was expressing my opinion on my thoughts about the post and surprise at the reaction regarding ascribing motivation. I've written in that space before my thoughts on censorship. Here is my last post there.
"g034--I would be afraid to post all of my thoughts, for if they are not considered meaningful, then I'll get voted off the island! My delicate psyche could not withstand such humiliation.
But I do not think that blog commentary, unless it is objectionable (vulgar, mean-spirited),
should be subject to majority opinion, rule and then censorship. I've written that sentiment in this space before. It is merely my opinion. I'm not looking for agreement, nor am I looking to provoke disagreement or show disrespect. People can communicate a different perspective without there being any motive other than "this is what I think." My previous post and this are squarely in that camp--it's located in Switzerland and is decidedly neutral! (I also have a white flag to wave if necessary).
I remember posting here when I was one of the dozen or so voices (on a good day--and yours was one of them)that posted regularly. I still remember my NY's day entreaty for others to feel comfortable in posting in this wonderful community.
"If I were a new community member to this space, the mantra of 'If a member adds value, the majority will support that member and tell me to get lost. That is how it should be' would not seem all that welcoming for fear that my opinions might be so harshly judged. "
I have no clue as to the current contra temp you are discussing. But financial blogs do have spill over from various stock message boards, and people can get very pissy when they are talking their book. And message boards with their adversarial (by design) set up are not the best place to learn blog decorum.
Leisa
You are a lady of true class and refinement... you choose your words well...
Perhaps my writing style can be at times a bit quirky and offhand - but that is the point - to get us to question sacred cows - and there are many.
Bill and many bloggers like yourself are doing a great service to the lay investing community.
However Billcara.com runs the risk of becoming insular - with many of the regular posters assuming a 'holier than thou' attitude.
Also they have a continued emphasis on an "us versus them" attitude - with every move in the markets being some conspiracy of a PPT or HBB. This is not healthy thinking IMO - nor conducive to successful trading or investing.
I never posted any personal attack - but called them out on their ideas with some facts such as on the Gold market- interestingly enough they never
rebutted these facts or tried to present their case - instead a somewhat paranoid poster G034 seemed to think there was some hidden agenda.
When the discussions were not going the way they liked - the poster 2ndAve resorted to name calling and personal debasement citing refernces to DSM-III mental illnesses. This was quite petty and to some extent cruel - but I suppose it made him feel better.
.. Indeed - I will choose my words wiser next time - however my experience with that blog was not a pleasant one... they should take their cue from you and learn a bit of class.
Have a nice day...
Leisa:
This follows your 12:27 AM entry here, wherein you reported your additional entry on the Cara site.
I notice that this has apparently resulted in further fulminations on the part of Cara in his lead in to the the 24March2008 commentary page.
The inability of the man to proffer even a measured response to what you wrote, referring to a need to "blow up" is indicative of the developmental maturity not of a 60+ year old retiree, but that of a petulant 6 year old brat who believes that the affairs of the world organize themselves around him.
One can only imagine the frustrations of associating with such an individual, who repeatedly embraces anger and conflict.
In any event, the fact that you chose to return "there" to speak your mind is most impressive.
Standing in contradiction in front of a tyrant is never easy, but a true act of character and courage.
You have my respect.
I do not see a 23 MAR 08 8:33pm @ Cara's site. I don't see an entry for that date at all!
Cat
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