I've spent most of my trading career in the U.S. trading U.S. markets. If anyone else is in the same dinghy and has a subscription or has seen Investors Business Daily Graphs, you realise how invaluable a tool it is for breaking down the market in to particular industries/sectors to focus on.
First and foremost, I trade on the principle of trending with the market, then trending with a corresponding industry/sector etc. before focussing on a couple of equities that I find have a familiar trend direction that I expect ..... Most of the time....
IBD in the U.S. allows you to summarise all of the above and pick your industry/sector digitally to nail down 10 - 20 stocks worth immediately looking at. What I'm saying is - I want to speed things up on the ASX and was wondering if there is something of equivalent nature.
P.S. I use Etrade (girlfriends account) with IBD as a research tool. Very limited but will search other posts for an idea for other charting software. Any help would be appreciated. I'm more than happy to share ideas once I get my feet, so if there is a need for clarification let me know.
~ Fair Weather And Following Trends ~