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$MFRVF BarChart Trader's Cheat Sheet
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$GSTV BarChart Trader's Cheat Sheet
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$STAU BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for FFFC
[img]stockcharts.com/c-sc/sc?s=FFFC
Industrial Metals and Bonds
Not all commodities are created equal. In particular, oil is prone to supply shocks. Unrest in oil producing countries or regions usually causes oil prices to surge. A price rise due to a supply shock is negative for stocks, but a price rise due to rising demand can be positive for stocks. This is also true for industrial metals, which are less susceptible to these supply shocks. As a result, chartists can watch industrial metals prices for clues on the economy and the stock market. Rising prices reflect increasing demand and a healthy economy. Falling prices reflect decreasing demand and a weak economy. The chart below shows a clear positive relationship between industrial metals and the S
Daily Candlestick Chart for ABHI
[img]stockcharts.com/c-sc/sc?s=ABHI
$FRCN BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for NDBE
[img]stockcharts.com/c-sc/sc?s=NDBE
$ECRY BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for SRCH
[img]stockcharts.com/c-sc/sc?s=SRCH
$TIRXF BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for PDOS
[img]stockcharts.com/c-sc/sc?s=PDOS
Irrational Exuberance Ties with Technical Analysis
Many of the theories put forth in this book fall in the realm of behavioral finance or behavioral economics. Behavioral finance is considered a branch of technical analysis. In fact, Irrational Exuberance was required reading for the Chartered Market Technician (CMT) exam on 2011. Behavioral finance is an attempt to understand the behavior of investors and institutions when investing in stocks, bonds, real estate, tulips or other securities. What prompts individuals to buy or sell a security? How do investors handle risk or loss? Why do speculative bubbles appear and then burst? Is there such thing as the dumb money and the smart money? Shiller sheds light on the investing process by highlighting the key factors that led to Irrational Exuberance in the late 1990's.
$HALB BarChart Trader's Cheat Sheet
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Using Financial Analysis to pick a stock
The final step to this analysis process would be to take apart the financial statements and come up with a means of valuation. Below is a list of potential inputs into a financial analysis.
Accounts Payable
Accounts Receivable
Acid Ratio
Amortization
Assets - Current
Assets - Fixed
Book Value
Brand
Business Cycle
Business Idea
Business Model
Business Plan
Capital Expenses
Cash Flow
Cash on hand
Current Ratio
Customer Relationships
Days Payable
Days Receivable
Debt
Debt Structure
Debt:Equity Ratio
Depreciation
Derivatives-Hedging
Discounted Cash Flow
Dividend
Dividend Cover
Earnings
EBITDA
Economic Growth
Equity
Equity Risk Premium
Expenses Good Will
Gross Profit Margin
Growth
Industry
Interest Cover
International
Investment
Liabilities - Current
Liabilities - Long-term
Management
Market Growth
Market Share
Net Profit Margin
Pageview Growth
Pageviews
Patents
Price/Book Value
Price/Earnings
PEG
Price/Sales
Product
Product Placement
Regulations
R
$PLSB BarChart Trader's Cheat Sheet
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Internal Trend Lines
Sometimes there appears to be the possibility for drawing a trend line, but the exact points do not match up cleanly. The highs or lows might be out of whack, the angle might be too steep or the points might be too close together. If one or two points could be ignored, then a fitted trend line could be formed. With the volatility present in the market, prices can over-react, and produce spikes that distort the highs and lows. One method for dealing with over-reactions is to draw internal trend lines. Even though an internal trend line ignores price spikes, the ignoring should be within reason.
The long-term trend line for the S
$PVSP BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for GNCP
[img]stockcharts.com/c-sc/sc?s=GNCP
Daily Candlestick Chart for GRYO
[img]stockcharts.com/c-sc/sc?s=GRYO
$BLIBQ BarChart Trader's Cheat Sheet
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$LTCH BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for IPRU
[img]stockcharts.com/c-sc/sc?s=IPRU
Gaps and Gap Analysis
Have you ever wondered what causes gaps in price charts and what they mean? Well, you've come to the right place. Just in case, a gap is an area on a price chart in which there were no trades. Normally this occurs between the close of the market on one day and the next day's open. Lot's of things can cause this, such as an earnings report coming out after the stock market has closed for the day. If the earnings were significantly higher than expected, many investors might place buy orders for the next day. This could result in the price opening higher than the previous day's close. If the trading that day continues to trade above that point, a gap will exist in the price chart. Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement. Before we get into the different types of gaps, here is a chart showing a gap so you will know what we are talking about.
Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps on weekly or monthly charts are fairly rare: the gap would have to occur between Friday's close and Monday's open for weekly charts and between the last day of the month's close and the first day of the next month's for the monthly charts. Gaps can be subdivided into four basic categories: Common, Breakaway, Runaway, and Exhaustion.
Daily Candlestick Chart for SGCP
[img]stockcharts.com/c-sc/sc?s=SGCP
$SGLB BarChart Trader's Cheat Sheet
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Entries and Exits on Elder Impulse System
A buy signal occurs when the long-term trend is deemed bullish and the Elder Impulse System turns bullish on the intermediate term trend. In other words, the weekly chart has to show a clear uptrend in order for a daily buy signal to be valid. Daily buy signals that happen when the weekly chart is not in a clear uptrend are ignored.
A sell signal occurs when the long-term trend is deemed bearish and the Elder Impulse System turns bearish on the intermediate term trend. For example, the weekly chart has to show a clear downtrend in order for a daily sell signal to be valid. Daily sell signals that happen when the weekly chart is not in a clear downtrend are ignored.
In the daily chart above, we are using the MACD(1,65,1) indicator to show us the weekly trend. If it is above zero, the weekly trend is up. If it is below zero, the weekly trend is down. Given that, then the first three green arrows on the chart show valid daily buy signals (i.e. new clusters of green daily bars). Note, however, that the first couple of red bars on the chart are NOT valid sell signals in this case because the weekly trend is still positive (according to the MACD we are using). The red arrow shows the first valid sell signal that happens after the weekly trend turns down. Similarly, the weekly trend must turn positive again before valid buy signals are given (as indicated by the last three green arrows on the chart).
Daily Candlestick Chart for GAEC
[img]stockcharts.com/c-sc/sc?s=GAEC
$MDXG BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for SGGH
[img]stockcharts.com/c-sc/sc?s=SGGH
$ELAY BarChart Trader's Cheat Sheet
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$PNCLQ BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for ORRV
[img]stockcharts.com/c-sc/sc?s=ORRV
Subjectivity As A Weaknesses of Fundamental Analysis
Fair value is based on assumptions. Any changes to growth or multiplier assumptions can greatly alter the ultimate valuation. Fundamental analysts are generally aware of this and use sensitivity analysis to present a base-case valuation, an average-case valuation and a worst-case valuation. However, even on a worst-case valuation, most models are almost always bullish, the only question is how much so. The chart below shows how stubbornly bullish many fundamental analysts can be.
Daily Candlestick Chart for HYSR
[img]stockcharts.com/c-sc/sc?s=HYSR
$SANP BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for SRGE
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$NSPR BarChart Trader's Cheat Sheet
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Angles on Trend Lines
As the steepness of a trend line increases, the validity of the support or resistance level decreases. A steep trend line results from a sharp advance (or decline) over a brief period of time. The angle of a trend line created from such sharp moves is unlikely to offer a meaningful support or resistance level. Even if the trend line is formed with three seemingly valid points, attempting to play a trend line break or to use the support and resistance level established it will often prove difficult.
The trend line for Yahoo! (YHOO) was touched four times over a 5-month period. The spacing between the points appears OK, but the steepness of the trend line is unsustainable, and the price is more likely than not to drop below the trend line. However, trying to time this drop or make a play after the trend line is broken is a difficult task. The amount of data displayed and the size of the chart can also affect the angle of a trend line. Short and wide charts are less likely to have steep trend lines than long and narrow charts. Keep that in mind when assessing the validity and sustainability of a trend line.
$GTRL BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for DIAAF
[img]stockcharts.com/c-sc/sc?s=DIAAF
Daily Candlestick Chart for SIMH
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Investor Hub Alerts: Sign up for 'STOCKGOODIES PLAYS OF THE WEEK ' E-Mail List UPDATE; 5-1-22 courtesy of charting /\ wit tweezer top calls /\ Tony @Montana_Trades Really good study sheet on Candlestick Patterns [-chart]pbs.twimg.com/media/FRn8188XMAAdZvk?format=jpg&name=small[/chart]
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