Speak Stocks » using stock charts

Visualize Fundamental Data Using YCHARTS

Amey S — Mon, 01 Feb 2010 21:03:30 +0000

Fundamental analysis is all about taking a company’s numbers and extrapolating them into some long-term predictions on where the stock price should be valued at. For the most part fundamental analysis requires investors to look at spreadsheets and long lists of numbers, YCHARTS is a nifty resource that breaks down several fundamental factors (i.e. earnings per share, PE ratio) and spits them back out as visual appealing charts.

With YCHARTS you can create and track up to 40 stocks, rank stocks by various metrics, draft up comparison charts, and get broad sector data. There is also a blog setup that shares just how detailed these charts can be.

How To Compare Multiple Stock Charts

Amey S — Tue, 24 Nov 2009 05:01:24 +0000

A simple way to analyze stocks is through a method called pair trading, or comparing related company/index stock charts.

While it seems like a relatively simple idea, the theory behind this is essentially seeing how one security moves dependent on another. For example, what would happen to an oil based security as the price of crude oil increases?

Obviously, we could put these two charts side by side, but with ranging scales and prices it would be whole lot easier if we could just overlay securities on top of each other.

By using a free service, such as SharpCharts over at StockCharts.com, we can easily compare up to 4 securities.

Steps to comparing multiple stock charts.

1. First enter the base stock or index you want to chart.

2. In the parameter options below, choose “Price” from the drop down box and then insert your ticker symbol in the corresponding field. Make sure to also select “behind price” in the position drop down box.

You can add up to 3 securities using this method, which is 4 all together.

10 e-Books That Will Maximize Your Returns

Amey S — Fri, 03 Oct 2008 06:41:12 +0000

The following are 10 great e-books that will help make you a better trader.

1. e Trader Business Plan - This e-book details how to create a proper trading plan. [Download]

2. Charting Made Easy - A great resources for those new to technical analysis or just need to brush up on their skills. The e-book covers topics in technical analysis including support/resistance, trend lines, and chart patterns. [Download]

3. The Truth About Fibonacci Trading - Fibonacci is a very powerful tool if used correctly? Bill Poulos takes you step by step into the world of Fibonacci including retracements and extensions. [Download]

4. The E-Book of Technical Market Indicators - This e-book contains a wealth of information on market indicators including advance/decline indicators, short sale statistics, and sentiment. [Download]

5. A Practical Guide To Swing Trading - Some of the best profit comes in the form of swing trading. This e-book covers candlesticks, trends, moving averages and everything needed to get you familiar with swing trading. [Download]

6. Day Trading Mind - Day trading can be a great career. If you can handle the risk. This e-book will hopefully inspire you to take full control of your finances. [Download]

7. Pattern Cycles - Another great e-book about bottom reversals, breakouts, trends, and other technical analysis. [Download]

8. Swing Trading Using Candlestick Charting - Candlestick charting and pivot point analysis are powerful tools used by swing and day traders. Learning how to use them is a must, to be successful in those genres. [Download]

9. Keys To Top Trading Profits - 18 trading champions share their keys to trading profits. Videos of this can also be found on INOTV. [Download]

10. 7 Habits Of A Highly Successful Traders - Why not learn from other people’s experiences? [Download]

Check out 16 successful stock trading strategies.