Stock Charts For Dummies

Chapter 13

Organizing Charts into Industry or Sector Groups

IN THIS CHAPTER

Understanding the role of industries and sectors

Creating and filling ChartLists

Managing your ChartLists

StockCharts.com has over 60,000 ticker symbols in its database. Some of these are stocks, while others are currencies, commodities, bonds, indexes, exchange-traded funds (ETFs), and indicators. If you’re not prepared, recognizing a nice chart setup for a high percentage trade would come down to luck. Being organized ahead of time in order to find attractive setups in the market is critical to systematically outperforming the market.

This chapter shows you how to create a ChartList, add charts to a list, and control its sort order, among other tasks. The tools presented here save days of manual work and are extremely important to improve your workflow.

Recognizing the Importance of Sectors and Industry Groups

A sector is a segment within the economy, such as energy or consumer goods. An industry includes a smaller defined group of companies within a sector; for example, the oil industry is part of the energy sector.

Usually, when an industry group does well, almost all companies within it do well. ...