Thursday, June 10, 2010

Where To Find The IBD 200

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In developing your stock market investing watch list using the Investor's Business Daily, you'll probably want to make use of the IBD 200 list which, if you want to know where to find the IBD 200, it's in each Thursday's paper. In order to obtain the list, you'll need to be a subscriber. If you are not familiar with what this list is, it's a list of the top 200 stocks ranked by the Smart Select Composite Rating developed by William O'Neil. The popularity of this list was increased when Stockbee made this post about it.

The one problem with this list is the fact that it only comes out once a week. There is however, another way to get this list but get it daily. You can do this by subscribing to the eTables service. As a subscriber, you can access the list daily and watch for potential breakouts.

Here's how you do it. First log into investors.com and navigate to the stock research tab. Under premium tools, you'll find a link to the eTables service. Once in, you'll notice a tab for the main tables. Click that and this will give you the top 300 stocks ranked by the Smart Select Composite Rating. What I like to do is export the list to excel so it's easier to work with. Once in excel, the stocks rated 96 or above will give you slightly more than the 200. You can delete the others if you want.

Then, what I do is take these stocks and put them in my stocks watch list on investors.com. You'll have to do them in groups of 50 as that's the limitation of these watch lists. The benefit of doing this is that you can see breakouts alot easier. Personally, I've been looking for breakouts of 2% in price increase and 100% in volume increase. IBD makes this easy to see as you can sort the list accordingly.

Keep in mind that you only want to invest when the market is in a confirmed uptrend. The market pulse for the stock market today shows that the market is still in a correction. O'Neil recommends only investing when it's in an uptrend for the CANSLIM strategies to work.

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