Monday, November 13, 2017 9:01:52 AM
I signed up for a free month's subcription to IBD a couple of weeks ago with the purpose in mind of seeing what stocks they were highlighting and in particular the IBD50.
My analysis is that it is somewhat a mixed bag. There are many stocks that haven't moved too much, some that have crashed a bit and others that have soared. But overall I can see the IBD50 as a good place to look for individual stocks. However this earning season as most, holding during earnings announcement can be both very good and very bad. To me it is a crap shoot.
I then came to find out that there is an EFT that tracks the IBD50. The first trading day for in April 2015 and for sure 2015 was not a great year. Maybe IBD had not worked out all their rules for selecting their top 50.
FFTY however for 3 years has managed to match SPY but fell behind QQQQ. The bad 2015 continued into 2016 when the market bottomed early Feb. Since that time FFTY has turned in a stunning 76% return while all of the Big 3 have been in the mid to upper 50's. Seems pretty impressive to me.
You can see from the graph that the current earnings season has hit FFTY to about -4% reflected also in IWM.
I wonder what it will do going forward?
Top 10 holding of IBD50
LRCX TAL ANET NVDA YY OLED SINA HTHT STMP AMAT
My analysis is that it is somewhat a mixed bag. There are many stocks that haven't moved too much, some that have crashed a bit and others that have soared. But overall I can see the IBD50 as a good place to look for individual stocks. However this earning season as most, holding during earnings announcement can be both very good and very bad. To me it is a crap shoot.
I then came to find out that there is an EFT that tracks the IBD50. The first trading day for in April 2015 and for sure 2015 was not a great year. Maybe IBD had not worked out all their rules for selecting their top 50.
FFTY however for 3 years has managed to match SPY but fell behind QQQQ. The bad 2015 continued into 2016 when the market bottomed early Feb. Since that time FFTY has turned in a stunning 76% return while all of the Big 3 have been in the mid to upper 50's. Seems pretty impressive to me.
You can see from the graph that the current earnings season has hit FFTY to about -4% reflected also in IWM.
I wonder what it will do going forward?
Top 10 holding of IBD50
LRCX TAL ANET NVDA YY OLED SINA HTHT STMP AMAT
Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal
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