How to Find Top Performing Stocks with TC2000 Stock Scanning Software

Suggested Skill Level: 2/4 (Intermediate)

by SPYderCrusher, SPYderCrusher.com

This is a tutorial video on how to find the best performing stocks using sector analysis in Worden’s TC2000.  You can also use this to find the worst stocks in the best sectors, the best stocks in the worst sectors, or any other combination.

When people say this is the best stock in the sector, BEST is a subjective way of describing something.  What conditions or qualities of the stock determines if it is the BEST?  I’m going to show you a couple of different ways of determining outperformance, and how to find the stocks that are outperforming in a quick and easy way.

I thought this would be an interesting analysis to do today because the market (S&P 500) is currently correcting, down 1.83%.  To find out which stocks have done better or worse over this period would be useful information.  There’s absolute performance (how much EXACTLY did a stock go up or down) and relative performance.  What is relative performance?  If my stock goes down by 1% but your stock goes down by 5%, then even though my stock lost money it relatively (compared to yours) outperformed (did better).  I prefer to look at it that way than looking for stocks that are up, say, 10%.  Because, for example, if in the market all stocks are down 50%, hypothetically, and yours is only down 3%, you did a great job in your stock selection process.  That is the biggest challenge: picking the right stocks.

In Worden’s Telechart (TC2000), there is are many easy ways to do this type of relative strength analysis.  One of the easiest if you’re looking at a timeframe between the peak of the S&P 500 and today’s low, then I want to find stocks that have done better than the market in this specific period of time.  In TC2000 menu, go to tools, then DATE SORT.  An analysis tool appears on the chart that allows you to measure the market’s change.  This tool tells us the market has gone down by -3.56% since February 18, 2011, which was the peak.  When you click “ok” to set the date range, TC2000 will scan your watchlist, which in this example is the Russell 2000, and automatically change the order of the stocks to show which ones have outperformed the most since the market high on February 18.

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Comments

1 response to How to Find Top Performing Stocks with TC2000 Stock Scanning Software

  1. HI Spyder Crusher, i need your help, i am new to tc-2000, i love it and i am doing alot reading to learn all the technical terminologies so i can better know what i need to ask for & create when setting the conditions for an easy scan.
    Ok, please help me create an easy scan so i can find stocks that have these conditons below:# 1 -are less than $10 per share ( this one i got , its easy )# 2 – Have a volume of 500k or more. ( this one i got also )# 3 – Have a difference of 10% or more between their support and resistance points ( OK, im lost on this one ..lol ) # 4 – and In a period of 60 days it has to reach its support & resistance points atleast 8 times or more.
    Ok, im done.. lol.. what are possible conditions or criterias or indictaors i may have missed in wanting to create this Scan to look for these “rolling” stocks with these up and down 10% difference or MORE for 60 days or longer Condtions above..
    Please help me, i am sooo lost it isnt funny…I am not a technical person, and i have been reading for days ..
    Thank you in advance for your time to reply..
    Thank you VERY much !
    Chris & Chompers

    Chris_cappan@cox.net

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