Determining where to find the best opportunities is the goal of any top down analytical approach to the markets, and yet so many traders fall into the trap of making their decisions based on simple data points such as the percentage gain or loss of individual sectors or transaction volume. While those data points are important, they are only a small piece of the puzzle and they are unlikely to get a trader ahead of any developing trends and certainly aren’t going to uncover any hidden opportunities. The WealthCharts SectorScanner allows you to filter results based on daily, weekly, and monthly percent change, but that’s just the tip of the iceberg. 

WealthCharts has taken sector analysis a step further than other platforms by applying our proprietary algorithmic trading engine to analyze the performance of the sectors independently and provide users with an incredibly easy way to sort and compare sector performance. Rather than simply looking at what has happened and hoping to catch the end of those moves, SectorScanner’s AlgoScore allows traders to identify sectors and subsectors that are beginning to move but haven’t necessarily taken off yet. Using AlgoScore to help identify opportunities can help you lead the pack instead of continuing to chase the crowd.

One of the drawbacks of top down analysis on most trading platforms is that they require users to look at a single sector or sub sector at a time, forcing the user to manually record and compare symbols from different categories. WealthCharts understands the need to have exactly what you need in front of you, when you need it. That’s why SectorScanner allows you to compare symbols across different sectors and subsectors with just a few clicks! Furthermore, SectorScanner supports filtering options based on price changes and algorithmic scoring across daily, weekly, and monthly timeframes, making it the perfect tool for swing traders and long term investors alike!