Please visit their site for more chart information.
http://stockcharts.com/
Click on the Chart to enlarge.
If you are new to investing Investors.com has a wealth of information.
The "How to Invest" tab has "The Learning Center" which provides:
Lessons on Buying and Selling
CANSLIM
Lessons on Options
A Financial Dictionary
Investors Corner and Investor Education also has information to ease the investing learning curve.
The Home page has Several sections:
"In The Market" provides Market information.
"Media Center" has mini-videos covering the New America Report,CANSLIM Guides, and Daily Stock Analysis - this video will help the novice and the expert review charts.
Breaking News will stream news such as earnings, etc.
The "Stocks on the Move" is a key to profiting in the Markets. This section will list Stocks going up and down on higher than average volume for each particular stock. This usually is an indicator of institution buying or selling.
The above comments are my summaries of Investors.com. For detailed explanations of each area please see the site.
You should watch the DSA (Daily Stock Analysis ) on a daily basis until you feel comfortable with reading Daily and Weekly charts.
Next review the Stocks on the Move section. Look at both the Up and Down tabs to get a feel for the stocks that are moving up and down. On huge Down days in the market, make a list of stocks moving up. These will generally be the stronger stocks when the market decides to resume the uptrend.
Many people have a hard time and do not know where to start. This is an excellent source of information. To the right of the stock symbol is a checkmark. If you click the checkmark you get a stock check up provided by IBD as discussed in the Daily Stock Analysis videos. You will see the 5 best stocks in the Industry Group along with other information. Make a note of the Industry Group if you see stocks in the same industry group appearing on this page within a few weeks. Then Institutions may be accumulating positions in the sector. The same goes for the Down side. When Institutions buy - Stocks go up, when they sell- Stocks go down. This is a good tool, so you can stay ahead of the general population.
At the market close on 01-29-08. The Up stocks were: RATE, PRSC, GFA, FSLR, CHU. The Down Stocks were: ICUI, NHWK, DM, VMW, JDAS.
I will go through one example using RATE. Your market performance will be directly proportional to the amount of research that you do everyday. More research should give you better results.
The Stock Check-up of RATE provides some of the following:
Diagnosis A+
Industry Group = Internet Content
Group Rank A
The 5 best stocks above $10 in the Group sorted by best overall rating are:
RATE, BIDU, SNDA, SOHU, and JRJC.
Next you need to look at the charts to see how the Stock and Industry are looking technically. If the charts look good and similar watch to see if institutions buy other stocks in the same industry in the near future.
Look at the Daily and Weekly barcharts using IBD. Then look at candlestick charts with some overlays to get a better picture of the technicals.
Below is the Daily Chart for RATE.
Rate appears to trade with high volatility (wide swings). The 20 MA is above the 50 MA. The 10 MA has just crossed above the 50 MA. JAN 28 RATE closed near the trendline. JAN 29 it pierced the upper BB and pulled back a little, leaving a show on the top of the candle. This stock should be observed at this point since it is higher than the moving averages with a gap. It will most likely pull back or base sideways at this level.
Below is a Weekly chart of RATE.
Two possible trendlines have been drawn on this chart for support and resistance. RATE has had 3 weeks of up volume in a down market. That could be considered strength.
This stock is too choppy for me. The up to down swings are too large.
Below is a Daily chart for BIDU.
This stock has fallen and may be attempting to base at this level. But is also is not a buy here.
Below is a Daily chart for SNDA.
It has some of the same characteristics as BIDU. It has fallen, pierced the lower BB, it has bounced higher and may be trying to base near this level. Not a Buy for me.
Below is a Daily chart for SOHU.
It has some of the same characteristics as SNDA. It has fallen, pierced the lower BB, it has bounced higher and may be trying to base near this level. It is in a downtrend along the 10 MA. Not a Buy for me.
Below is a Daily chart for JRJC.
It has some of the same characteristics as SOHU and SNDA. It has fallen, pierced the lower BB, it has bounced higher and may be trying to base near this level. It is in a downtrend along the 20 MA. Not a Buy for me.
This industry is not technically acceptable for me to buy at this time.
If you go through this procedure with the "Stocks on the Move" daily you will get a feel for what is working and what is not working.
Oilgas refineries appears to have bottomed. Look how the stocks move together.
Review VLO, HOC, TSO, ALJ, FTO, WNR. This is not a recommendation just an industry to observe. Review the weekly charts and determine if they are cyclical in nature.
Create a stock log (journal) and write down your findings.
You worked hard for your money, no one cares about your money more than you.
So invest wisely not on hype or other people's opinions.
Have a great day!
