The “Other Ideas” link has a new home on the NDW Research Platform
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If you previously used the “Other Ideas” tool/link on the NDW Research Platform and found yourself puzzled in recent weeks when it seemingly disappeared, rest assured it simply has a new home above the Point and Figure trend chart.
Just like before and as the name implies, the “Other Ideas” link/button is designed to provide a list of alternate investable options (stocks, ETFs, or funds); however, keep in mind that it also incorporates a few technical screens by default. In order to make the list a security must be: in the same sector, trading above their bullish support line, on a Point and Figure trend chart buy signal, and have a technical attribute or fund score above 3.0. Furthermore, with the “Other Ideas” window note that each column header is sortable and users have the option to send names to a portfolio, matrix, team, or quilt.
Perhaps a practical use case for the “Other Ideas” (now) blue button is this: you own(ed) a particular name yet it has suffered lately, resulting in a weak technical picture; however, you still want exposure within the space and would like to quickly see technically strong alternatives/substitutes. Another being: maybe you stumble across a technically strong name but it is heavily overbought and/or too volatile, using the “Other Ideas” button could provide a list of alternate yet similar choices.
