Pivot points are another tool or indicator that can be used to help in trading. They are used to identify potential levels of support or resistance. Pivot points are considered to be a leading indicator. As with all indicators, it’s best to use it along with other indications to give a better idea of how we should interpret what is likely to happen. Using the charts provided by http://stockcharts.com , pivot points can be accessed from the Overlays section below the chart. Pivot points are calculated based on the high, […]

The Covered Call strategy is considered an income producing strategy. It is a way to potentially generate income on a monthly basis. Typically investors, who are looking for income, will buy dividend paying stocks. The problem with dividend paying stock is that you will typically be receiving dividend payouts that generate a 2-5% return per year. With covered calls, you can generate that same return or better each month. A drawback for covered calls is that you need to have enough funds to buy a minimum of 100 shares of […]

Just as the case with bullish screens, bearish screens can be set up a number of ways.  Are you looking for a stock that has had a nice run and has potentially peaked, or a stock that is stuck in a downward spiral? To improve our chances for success, our best bet is to find stocks that are in poor performing sectors or industries.  Find stocks that have poor fundamentals and, of course, find stocks that have a poor trend or have broken through support levels. Using the free site […]