New to This - Help With My First Screen

Ok, new to this and hesitantly posting a question here as I feel this will be so low level compared to many posts on here. I have a long way to go to understanding all of this.

That said, I am trying to create a screen that will allow me to buy the top 3 Sector SPDRs based on the following:

  1. Based on a monthly chart, buy the ETF(s) when the monthly close is above the 10 day simple moving average AND,

  2. When the relative strength line (not RSI, but rather the relative strength of the ETF versus the S&P500) is rising.

Is this even possible given the fact that I want this based on monthly chart prices? If this even makes sense, is there a better way to attack this?

Appreciate any help anyone can provide!

I created a screener for inspiration.

Rule 1 defines your list of ETFs.
Rule 2 is 10-day SMA smaller than last close.
Rule 3 is my interpretation of your relative strength vs. benchmark.

I am not sure what you mean by “top 3 sector SPDRs”. How do you define “top”? Last 4 Weeks Return, Low Volatility, etc.? Answer this question and define a “quick ranking” criterion in the screener’s tab “main settings” and set the max number of ETFs to 3.

Please note your screen will not always be 100% invested given your restrictive rules.


screen.PNG

Thanks so much for taking the tine cyberjoe. I am going to work with this and learn from it.

What I meant with top 3 is that this screen would buy the top 3 stocks that are ranked according to the screen, but the more I think about that I guess it does not make sense as there is no ranking mechanism built in yet.

Hi all,

Quick question, I’ve tried to specify a universe of stocks for a screen or portfolio simulation entering the tickets as shown above in the first long rule. To check for errors I’ve even tried the exact above tickers with no other long rules. However when I run the screener it says no results and when I attempt to run a portfolio simulation it says no securities were bought. Can anyone help me figure out what I am doing wrong? Thank you much in advance.

You need to define another rule such as Close(0)>1 or SMA(50)>SMA(200) to make the screener buy when this additional rule is TRUE.