In tonight’s grad call, we looked at ‘Performance Charts’ on www.stockcharts.com.  The great advantage to performance charts is that they allow us to examine relationships between market variables…ie: Gold and Oil.  This examination from a technical level allows us to break through analyst hype and political rhetoric while understanding how to profit from different market relationships.    Let’s say we want to see if the price of gold and oil are correlated.  To do this, we need the ticker symbols for gold and oil.  Most major industry tickers can be […]

In tonight’s call, we discussed various candlestick patterns as signs of short term trend reversals.  As you learn and use candle patterns, please remember that they are most effective when used with other technical tools as confirmations.  Below we have 2 of the  candle patterns that were discussed.  The data is pulled from www.candlesticker.com and a list of the other patterns discussed can be found at that website.    We also looked at http://stockcharts.com/def/servlet/SC.scan.  This page can be accessed through the menu at www.stockcharts.com.  This page shows daily scan results of […]