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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Dusty who wrote (27312)3/13/1999 4:43:00 PM
From: Jenna  Read Replies (1) of 120523
 
Clearstation: I like clearstation because it uses a lot of the indicators that are in my own repertoire. Namely the 13 day and 50 day moving average, the stochastics. Their tutorials are very helpful. One of my favorite trading strategies: buying a stock that is in a longish uptrend but with a oversold stochastics is also on this website. MACD crossovers which I use and would like Market Gemmers to use is also elaborated and annotated on this site. My 'dearly beloved' MACD histogram (I also follow the Momentum histogram and Momemtum Delta), is there as well. Measuring the distance between the short term and long term MACD's is of utmost importance to us short term traders.

The have a Tag & Bag which I looked at once or twice and found it very interesting although there are a lot of stocks there. I would use that as a 'take off' point and pick off one or two that might look promising for future analysis.

If you are so inclined you can find excellent albeit more in depth technical analysis at www.Alphachart.com. and www.decisionpoint.com but I like clearstation because of its desires to educate the public and explanation of the best technical tools for trading.

One thing I still stress however is that Technical Analysis is only one aspect in analysing and buying stocks. We like to refer to our strategies at Market Gems as 'techno-fundamental' strategies because whether you trade for the long term, intermediate term or short term knowing the fundamental background, AND historical price patterns** AND the technical analyis of the company you are trading will give you the confidence you need to pull the trigger. Also you won't be running scared if your stock is down a couple of points on occasion. You will find that timing the market is not that crucial in a stock like TJX, YUM or GBLX.

Getting in on Anticipatory Upswing, perhaps staying in for the earnings report (risky) and of course deciding after the report if this stock is actually worth consideration as a longer term hold is a result of this painstaken but necessary analysis.

** I like to study the 30 days and 5 minute charts and/or 60 days of 15 minute charts for stocks that I am tracking. For example if you take a stock like YUM,WEBT or GBLX check out a 30 day time span and the 5 minute charts and you can see how long their 'runs' last..Some last 4-5 trading sessions while others like WEBT might just last a few hours. All three these stocks are fine examples because they are all hi-flyers and YUM has good earnings as well. Do this for stocks like these rather than stocks like FRES, FIBR. Eventually you can go on to other stocks but I like to use my 'repeaters' in this way.
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