Stock Selection/Industry Groups and Some Selling

Hi Pat,

1. I don't have MarketSmith access but i screen stocks with stockcharts, is there way we can find industry wise rankings ? and if so please guide.

2. At this point of time i see some cyclicals are working like energy , steels etc., but energy being the top one and you see all the stock are quite extended so what groups we need to concentrate ?

3. In continuation to question number 2, i see these groups changes very frequently week to week so i find it hard since I'm not a day trader. I'm very much confused always the top being extended stocks and i don't want to chase the bottom seems to be worse so where should i pick.

4. I went through some of the mission winners videos on buying/selling etc , i know you use 8EMA for selling into strength followed by tail bar etc. Time and again some stocks opens up and touches below 8EMA but close above that so do you wait for the close ? and if that's the case then the market opens next day situation could be good or bad we don't know? how do you deal this situation.

I'm sorry lengthy questions please bear with me but stock selection nearly kills me with these many industry groups but I'm totally confused.

Thanks Bala