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No one seems to have picked up on this point, maybe, irrelevant to mechanical systems traders.

So over the past few months, the market changed. Interest rates became a thing and volatility, less of a thing. Those that follow my other thread will probably have noticed, less on the VIX more on TNX and DXY. Tech. in pretty much the same time frame went from hot to meh to shite.

Now I don't analyse the stocks being selected in Mr Skate's systems, mostly because they are Aussie stocks. However I do know that [USER=57364]@Skate[/USER] employs a 'ranking' methodology. Now (again) I'm not sure how they rank stocks, but it should rank them based on sectors and stocks within those sectors. For example: rising curve ++financials - - Tech. Stocks that fall in the financial sector get a higher ranking than Tech. There are all manner of subtle variations.

The reason is that the filter may grab a Tech stock that has some good news attached, whatever: once that 'good news' plays out over a day or two, that stock will revert to its sector. It will not continue to outperform, whereas, even average/shite financials will run. Possibly the systems selection strategy might cover this, but I doubt it. Possibly Mr Skate can expand on this criteria and whether the scans are or could be (made) to be discriminating enough.

jog on
duc

<blockquote data-quote="ducati916" data-source="post: 1114964" data-attributes="member: 2975">No one seems to have picked up on this point, maybe, irrelevant to mechanical systems traders.So over the past few months, the market changed. Interest rates became a thing and volatility, less of a thing. Those that follow my other thread will probably have noticed, less on the VIX more on TNX and DXY. Tech. in pretty much the same time frame went from hot to meh to shite.Now I don&#039;t analyse the stocks being selected in Mr Skate&#039;s systems, mostly because they are Aussie stocks. However I do know that [USER=57364]@Skate[/USER] employs a &#039;ranking&#039; methodology. Now (again) I&#039;m not sure how they rank stocks, but it should rank them based on sectors and stocks within those sectors. For example: rising curve ++financials - - Tech. Stocks that fall in the financial sector get a higher ranking than Tech. There are all manner of subtle variations. The reason is that the filter may grab a Tech stock that has some good news attached, whatever: once that &#039;good news&#039; plays out over a day or two, that stock will revert to its sector. It will not continue to outperform, whereas, even average/shite financials will run. Possibly the systems selection strategy might cover this, but I doubt it. Possibly Mr Skate can expand on this criteria and whether the scans are or could be (made) to be discriminating enough.jog onduc</blockquote>

[QUOTE="ducati916, post: 1114964, member: 2975"] No one seems to have picked up on this point, maybe, irrelevant to mechanical systems traders. So over the past few months, the market changed. Interest rates became a thing and volatility, less of a thing. Those that follow my other thread will probably have noticed, less on the VIX more on TNX and DXY. Tech. in pretty much the same time frame went from hot to meh to shite. Now I don't analyse the stocks being selected in Mr Skate's systems, mostly because they are Aussie stocks. However I do know that [USER=57364]@Skate[/USER] employs a 'ranking' methodology. Now (again) I'm not sure how they rank stocks, but it should rank them based on sectors and stocks within those sectors. For example: rising curve ++financials - - Tech. Stocks that fall in the financial sector get a higher ranking than Tech. There are all manner of subtle variations. The reason is that the filter may grab a Tech stock that has some good news attached, whatever: once that 'good news' plays out over a day or two, that stock will revert to its sector. It will not continue to outperform, whereas, even average/shite financials will run. Possibly the systems selection strategy might cover this, but I doubt it. Possibly Mr Skate can expand on this criteria and whether the scans are or could be (made) to be discriminating enough. jog on duc [/QUOTE]

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