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The number of daily picks is saved in a historical database called "ascaps".
The number of bullish picks, for each stock listed in NASDAQ, NYSE or AMEX, is saved in "n_bull" field. This number corresponds to the total number of traders who believe that a given stock will outperform the S&P 500 Index in a given time frame.
The number of bearish stock picks is saved in "n_bear" field.
Obviously, the higher the number of bullish picks for a particular stock the more traders think that this stock will do great in the near future. At least better than the S&P 500. However, sometimes a big difference between the number of bullish and bearish picks could be the signal that contrarian traders are waiting for. This could indicate that a change in the stock direction may be expected very soon.
The data is downloaded from the Motley fool screener. Here are some other CAPS-related downloaders I have shared in the previous months: Daily CAPS Ratings: Downloads daily CAPS ratings Historical Data of CAPS Ratings: Downloads historical CAPS ratings
How to display the best stock picks in a watch-list:
- Create a new basic watch-list
- Right click on the watch-list, select "Sort" -> "Stock Picks CAPS" -> "Bullish"
- Click on "Bullish" column to sort stocks by the number of daily bullish picks
For more information on how CAPS works, visit: http://caps.fool.com/Help.aspx?source=ifltnvsnv0000001