STOCKS & COMMODITIES magazine. The Traders' Magazine

Article Archive For SEP2003

  • Books For Traders by Technical Analysis, Inc.

    ARTICLE SYNOPSIS ...Books For Traders by Technical Analysis, Inc. Capitalist Dogs: A Financial Fable (301 pages, $24.95 hardcover, 2000, ISBN 1571972854), by Jack Katz, MS, JD, published by Pentland Press, Inc. This story is set in a dream, but it is about getting a real financial and investing education -- the kind one can't get from companies hawking investment vehicles or "dummy"-type wealth books. The dream is an entertaining, educational adventure that involves encounters with dozens of informative animal characters like a legal weasel, a cash cow, an inflation hawk, a corporate mole, and a financial chicken...

  • Charting The Market by David Penn

    ARTICLE SYNOPSIS ...Charting The Market by David Penn TRIX Long, long ago, in a bull market era that now seems far, far away (that is, 1983), a technical analyst by the name of Jack K. Hutson was trying to tease out of his computer a solution to the "drudgery" of trading. As he wrote in Technical Analysis of STOCKS & COMMODITIES, the new magazine he had begun publishing mere months before: I always felt that by taking just a little time, and cranking out just one more wonderful oscillator or average, that my chances for a profitable trade would be improved. In most cases all I did was reassure myself that I ha...

  • Daytrading The E-Mini With Point & Figure by Eugene Steele

    ARTICLE SYNOPSIS ...Daytrading The E-Mini With Point & Figure by Eugene Steele Here's a look at how you can trade the e-mini with a classic charting technique. Point & figure charting has been largely ignored as a tool for daytrading, but it is actually one of the most powerful techniques for successful daytrading and a major tool for new traders. Whenever I show a trader a chart, the first question I ask is, "What do you see?" One of the skills of a good trader is the ability to see something on a chart that others don't notice. That might mean spotting simple things such as which days of the week or month act...

  • Detecting Breakouts In Intraday Charts by Markos Katsanos

    ARTICLE SYNOPSIS ...Detecting Breakouts In Intraday Charts by Markos Katsanos Here's an important enhancement to the finite volume elements indicator that's especially useful with intraday minute charts. In the April 2003 STOCKS & COMMODITIES, I introduced the finite volume elements indicator (FVE) and demonstrated how it can be used to detect breakouts in daily charts. To refresh your memory, the FVE is a money flow indicator, but it has two important innovations: first, the FVE takes into account both intra- and interday price action, and second, minimal price changes are taken into account by introducing a p...

  • Explore Your Options by Tom Gentile

    ARTICLE SYNOPSIS ...Explore Your Options by Tom Gentile RATIO BACKSPREAD Could you please explain what a ratio backspread is? --David BJ A ratio backspread is a delta-neutral strategy that is directional in nature, and allows the trader to enter the position with a zero debit or credit (margin is required). The trade is designed to profit from a large move in the underlying but lose little or nothing should the underlying move in the opposite of the intended direction. Generally, the trade is set up when the implied volatility of the underlying options is low, and more options are purchased than sold. The idea ...

  • Fibonacci-Based Fractal Form And Elliott Waves by Robert R. Prechter Jr.

    ARTICLE SYNOPSIS ...Fibonacci-Based Fractal Form And Elliott Waves by Robert R. Prechter Jr. The stock market is a tapestry of mathematical relations governed by Fibonacci number ratios. Here's a look at how you can apply Elliott waves to find these ratios, from a master Elliottician. Mathematicians recognize that the stock market is a fractal, but they believe it is formless. They allow only that the irregularity of fluctuation is the same regardless of scale. R.N. Elliott observed that the stock market is a specific fractal and named it the wave principle. As defined in The Wave Principle Of Human Social Beha...

Fundamental Analysis 101 by Rudy Teseo

  • Gauging Gaps by Thomas Bulkowski

    ARTICLE SYNOPSIS ...Gauging Gaps by Thomas Bulkowski Should you trade the gap? Here are some gap performance numbers to help you decide. Suppose you've been following a chart pattern. Say prices gap upward, piercing the trendline in a breakout. Do you buy the stock, expecting an unusually large gain? How long will it be before prices return and close the gap? I will address those questions here. GAP TYPES Prices gap when today's high is below yesterday's low, or today's low is above yesterday's high. A chart of the pattern will show a gap between the prices....

Index Of Chart Sentiment by Viktor Likhovidov

  • Interview: Gerald Appel by Jayanthi Gopalakrishnan

    ARTICLE SYNOPSIS ...Interview: Gerald Appel by Jayanthi Gopalakrishnan Gerald Appel is perhaps best known as the inventor of the MACD, the popular moving average convergence/divergence indicator. However, he is also the founder of Signalert, a registered investment advisory company; editor of Systems & Forecasts, a newsletter read by money managers, analysts, and private investors worldwide; and an established author and lecturer. His articles have appeared in Smart Money, Money magazine, Barron's, and STOCKS & COMMODITIES; he is also the author of 10 books on investment and market timing. Finally, Appel has bee...

Letters To S&C by Technical Analysis, Inc.

  • Letters To S&C by Technical Analysis, Inc.

    ARTICLE SYNOPSIS ...Letters To S&C by Technical Analysis, Incl EFFECTS OF DEFLATION Editor, David Penn's excellent article on "Intermarket Relationships" (July 2003 issue) included a review of my earlier writings on the subject and a description of changing relationships in the current environment. My 1991 book Intermarket Technical Analysis described the world up to 1990. My revision of that book (which should be available later this year, 2003) describes changes that have taken place since then. As Penn correctly points out, the main change is the "decoupling" of bonds and stocks. That change, in my opinion, ...

  • Novice Trader's Notebook by EMS Flynn

    ARTICLE SYNOPSIS ...Novice Trader's Notebook by EMS Flynn Wedge Formation Wedges are similar to triangles, but differ in that with triangles, there is always one boundary line that remains flat; wedges are characterized by both boundary lines being at a slant. Wedges should not be mistaken for pennants, which are much shorter in duration....

  • Q&A by Don Bright

    ARTICLE SYNOPSIS ...Q&A by Don Bright OPENING ORDERS I have a question about stocks with news out pre-opening. Some say to avoid any stocks with news out; others say it depends what the news is. Regarding, say, earnings guidance announcements, I've seen times when a stock opens down two points on negative news -- and that's the high trade of the day. Then it goes down two more points. Other times a stock opens down two and then shoots right back up. These are dramatically different results, if you buy on the opening, and you obviously don't know in advance which of these scenarios will occur. How does this issue...

  • Traders Resource: Books by Technical Analysis, Inc.

    ARTICLE SYNOPSIS ...Traders Resource: Books by Technical Analysis, Inc. You can blunder around the Internet all you want for information, but for focused instruction on trading technique, the best information can still be found in paper pages. Here is just a sampling of all that is available out there in the way of books for traders and investors. No doubt, what the Internet is good for is browsing and searching. Using the Internet, you can quickly locate just about any book on trading these days through websites such as those of book resellers Ino.com (http://store.ino.com), Trader's Press (www.traderspressboo...

  • Traders Tips by Technical Analysis, Inc.

    ARTICLE SYNOPSIS ...Traders Tips by Technical Analysis, Inc. This month's trader's tips include TradeStation, MetaStock, AmiBroker, Wealth-Lab, NeuroShell Trader, NeoTicker, and Investor/RT code for: Markos Katsanos' article ""Detecting Breakouts In Intraday Charts,"" and Viktor Likhovidov's article ""Index Of Chart Sentiment."" There is eSignal, TradingSolutions, and Financial Data Calculator code for: Markos Katsanos' article ""Detecting Breakouts In Intraday Charts. ...

  • Websites For Traders: Marketscreen.com by David Penn

    ARTICLE SYNOPSIS ...Websites For Traders: Marketscreen.com by David Penn MARKETSCREEN.COM It is difficult to imagine a more comprehensive stock screener than the one provided by www.MarketScreen.com. Many screens are available online that provide a staggering array of fundamental criteria -- from price/earnings to institutional ownership to dividend yield -- with which stocks can be filtered and screened, and there is a somewhat smaller number of online stock screening websites that provide a similarly voluminous set of technical criteria, from indicator-based signals to Japanese candlesticks to price and volume ...

Working Money: Recovery, Inflation, Or Deflation? by Bruce R. Faber

Working Money: The Reflation Trade by David Penn







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