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New
High Stocks
Stocks reaching new short term highs are posted here. The
new high stocks report is especially useful if the market has been declining, as our
computers generate this list of stocks that are actually gain strength while the majority
of others may be falling! Many people create a basket of these and hold them for the
short term for increased profit potential, with lower risk.
C:\Program Files\WS_FTPamazing\frame\FrmTutorialRegularAddendum.html
There are a few
rules to know before going forward with this tutorial:
1.) The reports are intended to maximize your profit potential, and to reduce your risk.
The results of your investing, the research and the choices you make are your
responsibility. If for some reason you want advice please consult your family investment
advisor. Do not take any information herein or at any website anywhere as 'advice'. If you
fail to see this message at any website, don't join.
2.) You should never place your eggs in one basket: diversify your investments.
3.) You should not invest in stocks with ultra low volume, less than 50,000 shares traded.
It is possible to purchase shares you will not easily and readily be able to liquidate.
4.) If you have 'cold feet', go to http://www.amazingstocks.com and select the paper
trading form. Practicing in real time with real stocks without investing real money helps
you to improve your confidence, your investment technique, timing and subsequently your
income potential at little to no cost!
5.) No investment method is 100% failsafe. There's good, better and best, and most of that
is subject to personal opinion.
Let's begin!
What is the purpose of
our reports?
We do not select your investments for you. What we do for example with the Rolling
(Channeling) Stocks report is to provide you with stocks which are currently 'rolling' or
'channeling', from which you might choose stocks to invest. Each column provides
information which you may choose to use or not to use to eliminate stocks you would not
consider. Because of this our reports are typically larger. For example, some people
simply want to analyze stocks which are less than $5.00 per share. Since the stocks are
placed in order of closing share price, this would be easy to do. Others want stocks with
a high volume of shares traded. You can easily eliminate stocks which would not fit your
parameters. Some members want stocks with somewhat lower volumes... those stocks many
other 'strategists' would have eliminated from their portfolios so as to better compete
with those who 'buy and hold'. Still others look for stocks with greater volatility.
Others' want NASDAQ stocks exclusively. You decide what's right for you... this slims the
number of stock choices for you as you place the parameters.
Keep in mind that our
stocks are 100% selected by computers in order to do the following:
1. Eliminate much human error. We strive to remove as many reasons as possible the causes
for stock picking failure, systematically applied to every stock, each and every time. We
do not review the stock lists. As a result we remove human "feelings and
emotions" as applied to any company, so as not to skew the results.
2. Computers can perform extensive and quantitative technical analysis much more
thoroughly and more accurately than any human we know, in our opinion.
3. Because we use computers we can back and forward test, and quantify the effectiveness
of our picks, and refine our algorythms for even better analysis as time goes on.
4. Because computers make the stock selections in any and every kind of market condition,
the quantity of stocks listed on any given report at any time can vary, sometimes greatly.
There are multiple
reports.
Click on the "What is..." link
below the report type in the menu at the heading of any report for a brief synopsis of
their applications.
Look at any report.
You'll notice that a brief description
of each column in each report is posted just below the stock symbols listed. Read and try
to understand each description and the information in the associated column.
Chart/ Options/ Research/ News
The leftmost column displays an icon. Clicking on this icon opens a new window on your
screen which shows a technical chart of the stock in question. You can use this chart to
assess the stock based on quite a number of technical indicators, including fast and slow
stochastics, macd, rsi, bollinger bands, volume, and much more.
Research and option links, and the most recent news links are also found on this chart
page, allowing you to perform thorough and efficient study on the stock.
Symbol
The next column contains the
symbol for the stock. It is this group of letters which are attributed to the stock of the
company in question. Whenever you perform research on the stock of this company or trade
(buy and sell) the stock online, you will need to enter this symbol whereever requested.
Open
Open is the stock's share price at the beginning of the last or current trading period.
High
High is the highest share price achieved during the last or so far
in the current trading period.
Low
Low is the lowest share price achieved during the last or so far in
the current trading period.
Close
Close is the stock's share price at the end of the last trading
period. This is the
present price per share of the stock, assuming that the market hasn't resumed trading
since the date posted on the report. Keep in mind that for many stocks the share price may
continue to move due to electronic trading after normal exchange trading hours, until the
extended trading hours are over.
Volume
The stock's volume is the number of shares which were traded during
the most recent trading day. For example, if you see 10783 in this column it means that
1,078,300 shares of this stock were traded this past trading period, since the number
shown is in hundreds (00).
Stop Loss (if listed)
A Stop Loss generally triggers the automatic sale (or purchase of
your shares if you were Short Selling) of your stock shares if the stock price attains a
certain level you had set at the time you purchased the shares, if a Stop Loss was chosen.
This helps to protect you by preserving principal. Check with your online broker to see if
you could set a Stop Loss, and review the different Stop Loss selections offered, and the
conditions upon which a Stop Loss may be set.
Price Movement (One day volatility)
The more the stock price moves during the last trading day as a
percentage of its price, the more volatile the price might be considered to be. Greater
volatility in this case can be triggered by (1.) a lower share price, (2.) being a stock
in a 'riskier' industry group or sector, or (3.) news regarding the company. Volatility is
not necessarily good or bad; if you're trading Rolling (Channeling) stocks you might hit
your resistance target faster, but then again you might plunge through support.
Exchange
Three major exchanges are shown here, one upon or through which the
stock rests, and was traded, either NYSE (the New York Stock Exchange), NASDAQ (by the
time you get to 'Quotient' you'd be confused) and AMEX (the American Stock Exchange).
Trading on the NASDAQ is strictly electronic, using computers. NASDAQ tends to have a
greater number of technical, software and internet based companies than the other
exchanges. NASDAQ stocks tend to be more volatile, and tend to make more attractive
rolling (channeling) stocks. NYSE is the most well known stock exchange. It has more of
the established 'blue chip' companies, and stocks are often slower moving.
Company
The company name is the name of the company with whom the stock
information is pertaining to.
Industry Group
The sector or industry type, the 'Media General' common area of
classification with which the stock is associated. You can compare 'like' classifications
to see if a stock you may be interested in tended to move in the same direction that day,
and quantify by comparison the extent to which it moved in a positive or negative
direction. A stock making a 'contrarian' move may signal positive or negative company
news.
Let's wrap this up...
You're thinking of purchasing stocks.
* The stock has clean and clear rolls and/ or trend lines.
* The stock is apparently at its short-term support, and not at the resistance.
* The stock is beginning to reverse direction, turning upward.
* The stock has been in an overall uptrend, and there's no sign of weakness.
* The Industry Group (sector) of the stock is strong.
* The stock is showing unusual strength, even with a weak market or within other stocks
inside its sector.
* The company is financially sound, and the outlook for its growth, its products and/ or
services is excellent.
* The stock is not overpriced.
* Your research shows that this is a company you're interested in.
... you probably have a winner here!
[Read the online tutorial. We no longer need to state
likely buy/ sell support and resistance levels; we leave it up to you to view the chart
and logically decide if and when to get into and out of the stock. Our most recent
computations were extensive and our members considered them to have highly accurate
results in varied market conditions. Thanks to faster computers, these newest reports now
undergo ten times (!) the computations of our former reports, crosschecking and
crosstesting, pitting a number of technical groups against each other. We now let our
computers decide each and every stock which appears at the top of our report lists.
Because our stock picks are now 100% computerized, anywhere between 0 to 400 stocks can
appear in each report on a weekly basis. Ugly charts or not... just watch what happens to
these stocks over a two to six week period!]
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