The previous post took a await at coin flows across the 10 virtually highly weighted stocks inside the technology (XLK) as well as unloose energy (XLE) sectors. I also showed that, past times aggregating the virtually highly weighted stocks across the sectors, nosotros tin flame also become inward at estimates for coin flowing inward as well as out of the S&P 500 Index every bit a whole.
Instead of aggregating the coin current information for each stock to derive estimates of flows across sectors as well as indexes, nosotros tin flame compare the flows for stocks inside sectors to run across which issues are attracting buying as well as selling interest.
For example, inside the technology sector, nosotros run across cyberspace inflows over the past times twenty trading sessions for CSCO, AAPL, INTC, GOOG, as well as ORCL. There are cyberspace outflows over the same catamenia for T, MSFT, IBM, HPQ, as well as VZ. Interestingly, every bit a whole, the NASDAQ-related technology issues tend to live on sporting to a greater extent than sizable inflows; the NYSE-based issues are displaying outflows.
Within the unloose energy sector, we're seeing notable inflows to RIG, XTO, as well as HAL. Considerable outflows are evident inside XOM, CVX, as well as COP. Here nosotros run across the largest cap unloose energy issues--and those virtually highly weighted inside the index--displaying the greatest selling interest.
By comparison flows for stocks inside sectors, nosotros tin flame position potential sub-sector themes as well as aid the procedure of stock picking.
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