Tackle Today: Heat Maps
October 6, 2020
≈ A simple but powerful tool ≈
Traders,
During a trader’s daily routine, there are many charts and tools that are used to help us understand what is happening in the market so that we can make more informed decisions. Some analysis can be complex, and others simple, yet powerful
A Heat Map is a favorite amongst many traders. In a quick visual analysis, a trader can identify which stocks are performing bullish and bearish on a given time frame. If you learn to use Heat maps, they can speed up your daily routine while they provide you with valuable information about the markets.
If you have not learned to use Heat Maps yet, you should start by adding them into your top down analysis. After you look at the overall market charts, take a quick peak at a Heat Map on the S&P 500 to measure the 1-day performance of the market. It will give you a quick glimpse into the internal performance of the index.
If you are a veteran of using Heat Maps, consider learning how to use some of the features, like different time frames, P/E ratios, Earnings Date performance and more. There is more functionality than most people know.
#TeamTackle
Chart of the Day
S&P 500 Heat Map 1 Day Performance
Heat maps can be especially useful for traders. In a short amount of time, a trader can analyze the overall market to assess where the strength and weakness is. You can set the heat map to measure daily, weekly, monthly and more time frames for their performance and other tools.
Video of the Day
How to use heat maps to analyze the stock market
In this tutorial, Coach Tim teaches how to use heat maps when analyzing the stock market.
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, 8:30pm 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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