«Here’s why I love them.»
Price charts come in many forms, and each boasts its advantages. Line charts are the simplest and can be analyzed by a preschooler. Bar charts up the ante by emphasizing each session’s open, close, and range. But it’s candlesticks that light the way for me.
They pack more information into each session than the alternatives, and they can be analyzed in a split second. Some technicians spend time memorizing the dozens of names of each unique formation. But it’s the message that ultimately matters, the implication.
What’s most powerful about candlesticks is that they condense an entire session’s contents into a concise message. It’s the cliff notes version of what happened, only portrayed in pictures.
Video Of The Day: Gino’s Gems: How to use Finviz to screen for earnings data
In today’s Gino’s Gems, Coach Gino Poore teaches how to use Finviz to screen for earnings data: the big earnings names, upcoming #earnings announcements, and how good (or bad) they did on earnings. Finviz is best known for its stock screener feature but Gino is going to show this hidden GEM that #Finviz has.
Chart of the Day: Alphabet ($GOOGL)
Alphabet is forming a classic bear retracement pattern into the falling 9 EMA.
Tales of a Technician
Managing Single Stock Portfolios
On the challenges of managing a portfolio full of single stock positions.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show 8:30 PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30 PM EST to discuss the markets and help you prepare for the week.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
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