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Showing posts with label Stocks. Show all posts
Showing posts with label Stocks. Show all posts

Sunday, May 5, 2013

Visual Guide to Chart Patterns Bloomberg Financial 1st edition, Thomas N. Bulkowski



The Bloomberg Financial Series Visual Guide to Chart Patterns provides step-by-step instructions on using technical chart patterns to spot potential price movement and improve trading returns.

Internationally known author Thomas Bulkowski is a leading expert on chart patterns and a successful investor with thirty years of experience trading stocks. In this easy-to-use guide he shows you how to recognize chart patterns, understand why they behave as they do, and learn what it means when you see one. Most importantly, he tells you how to identify basic buy and sell signals that the different types of patterns reveal.

Light in tone, the book is aimed specifically at the investor or trader already experienced in the stock market, but not necessarily familiar with chart patterns. Trading chart patterns is easy, but making money using them is not. With the knowledge in this book, you'll learn to see not just squiggles on price charts, but footprints of the smart money.

The Bloomberg Financial Series Visual Guides cover today's most relevant finance and trading topics in a comprehensive, yet easy-to-follow style. The content is presented in the most visual manner thus bringing to life key concepts for finance professionals and truly lives up to the series name by examining concepts in a highly visual way—all charts are in color and presented in a large format for ease of use. Other strong visual attributes include consistent elements that function as additional learning aids for the reader, such as: Key Points, Definitions, Step-by-Step, Do It Yourself, and Bloomberg Financial Series Visual Guide functionality.

And for e-reader users, the Bloomberg Financial Series Visual Guides are available as enhanced e-books offering special features, like a Test Yourself section where you can test your newly honed knowledge and skills. The enhanced e-book version of this edition includes video tutorials and special pop-up features. They can be purchased wherever e-books are sold.

Good read for novice and experienced traders. Excellent quality charts with good notation. Bulkowski describes the chart pattern, how to confirm breakouts, and buy/sell signals. Bulkowski also has pointers to explanatory videos on his web site to reinforce the messages in the chart book. A good review and great introduction to chart patterns.

This book has useful information in it, as well as quite a few plugs for his other books and website. The issue I have with this book is the layout, for some reason they chose to publish the book 7" tall and 10" in width, probably to increase the amount of pages in the book. On each page the top 1" is used to display the page number, title of the book and chapter, after the chart and chart label this only leaves 1 1/2" on the bottom for text on each page. Often times I am reading about a chart that is four pages away from the actual text with a completely unrelated chart on the page I am actually reading, flipping back an forth with each sentence. I have been purchasing books online for years and have never posted a review, this book has me so frustrated with the layout that I felt it was necessary to warn people.

I own most of Thomas Bulkowski's books, "Encyclopedia of Chart Patterns" and "Encyclopedia of Candlestick Patterns". As a day trader and chartist (Twitter: @peterghostine), I simply cannot survive without these two indispensable references on my desk. I'm a seasoned Elliott Wave Theory (EWT) practitioner who thouroughly studied and have applied R.N. Elliott's work for years, as well as Ian Copsey's more robust form of EWT, knowm as Harmonic Elliott Wave (HEW). I can tell you without hesitation that if you wish to become a successful trader, toss EWT aside and study the chart patterns presented in Thomas Bulkoski's books. In addition, all of the author's books are written to keep you entertained while you absorb the invaluable material. He's an excellent writer, trader, and investor.

This book is a valuable Tool for trading and/or investing...

This is simple to read and understand and a most valuable tool
for investing in the stock market these days! You will not only
read this book once but you will refer to it as an everyday
"guide"...

I got this book a couple of weeks ago and love it. If you need simple and easy to understand information on chart patterns I recommend starting with this book. It's not overloaded with confusing technical jargon. The author writes in such a way that I almost feel like I'm taking a class and the humor sprinkled in here and there is a nice touch. I first stumbled on Thomas Bulkowski's work 3 years ago after reading and searching everything I could find (not to mention spending hundreds of dollars on books and stock picking systems) and I can honestly say this system of stock picking works far better for me than anything I have tried. I have read and recommend all of his books.

Product Details :
Paperback: 352 pages
Publisher: Bloomberg Press; 1 edition (November 6, 2012)
Language: English
ISBN-10: 1118301447
ISBN-13: 978-1118301449
Product Dimensions: 7 x 0.8 x 9.8 inches

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Wednesday, April 17, 2013

Stock Trader's Almanac 2013, 9th edition, Jeffrey A. Hirsch



What is the biggest trend in the markets to watch for 2013 and how can investors prepare for it?

There are three key trends for investors to prepare for in 2013. We remain in a secular bear market that began in January 2000 and will likely continue for another five-six years, depending on how the end of combat operations in Afghanistan play out and how quickly the world's debt, deficit, recession and financial woes are remedied.

The four-year presidential cycle has created a pattern where post-election years are the worst performing. Unless a full-blown bear market occurs in 2012 or the market slogs along into the New Year, market gains will be harder to come by in 2013 than they have since the March 2009 bottom. Seasonal economic behavior has pushed most of the market gains into the six consecutive months November through April. So investors should be prepared for lackluster market action in the latter half of 2013 by taking profits and getting defensive in the spring.
What differentiates the Stock Trader's Almanac approach to investing from other approaches out in the market?

The Almanac has been instrumental, if not the foremost champion, in convincing investors, traders and money managers of the importance and benefits of using historical market cycle analysis to increase profits and reduce risk. Our extensive knowledge and understanding of recurring market cycles and seasonal patterns is used in conjunction with fundamental analysis, technical analysis, and economic and monetary policy analysis. We also take into consideration sentiment and psychological factors as well as market internals.
The Almanac is often quoted in the media and is famously known for a few key indicators that you follow. What are these indicators and how can investors trade them?

Perhaps the most well know is the January Barometer. Devised by Yale Hirsch in 1972, our January Barometer states that as the S&P 500 goes in January, so goes the year. The indicator has registered only seven major errors since 1950 for an 88.7% accuracy ratio. Bear markets began or continued when Januarys suffered a loss. Should January 2013 be down, that would be a signal that 2013 is going to be a tough year for stocks.

But before the January Barometer's reading is registered there is the Santa Claus Rally. Santa Claus tends to come to Wall Street nearly every year, bringing a short, sweet, respectable rally within the last five days of the year and the first two in January. This has been good for an average 1.6% gain since 1969 (1.5% since 1950). Santa's failure to show tends to precede bear markets, or times stocks could be purchased later in the year at much lower prices. When we discovered this phenomenon in 1972, we coined the phrase: "If Santa Claus Should Fail to Call, Bears May Come to Broad and Wall."

The most reliable trading pattern is our Best Six Months Switching Strategy. The saying "Sell in May and Go Away" has become quite well know. But I am amazed at how few fail to realize, and capitalize, on the flip side of this phenomenon. You can't sell in May if you don't buy in October. Investing in the Dow Jones Industrial Average between November 1st and April 30th each year and then switching into fixed income for the other six months has produced reliable returns with reduced risk since 1950. Our Best Months Switching Strategy will not make you an instant millionaire, as other strategies claim they can do. What it will do is steadily build wealth over time with half the risk (or less) of a "buy and hold" approach.

From the Book: Trends to Watch and Trade in 2013
Post-Election Years Worst Year of the Four-Year-Cycle: Paying the Piper

It is no mere coincidence that the last two years (pre-election year and election year) of the 45 administrations since 1833 produced a total net market gain of 724.0%, dwarfing the 273.1% gain of the first two years of these administrations. Politics being what it is, incumbent administrations during election years try to make the economy look good to impress the electorate and tend to put off unpopular decisions until the votes are counted. This produces an American phenomenon-the Post-Election Year Syndrome. The year begins with an Inaugural Ball, after which the piper must be paid, and we Americans have often paid dearly in the past 99 years.
Market Behavior After Sitting President Wins And Losses

Since the inception of the Dow Jones Industrial Average in 1896, there have been 19 presidential elections that a sitting president was running for reelection. The Dow posted gains in 9 of these 19 post-election years. A struggling economy, European financial and political duress, ongoing foreign military operations, and a divided Washington are likely to keep a lid on the market in 2013. Prospects for 2013 improve should the market decline dramatically during the latter part of 2012.
Post-Election Year Performance by Party

There is a dramatic difference in market performance under the two parties in postelection and midterm years the last 15 administrations. More bear markets and negative market action have plagued Republican administrations in the post-election year whereas the midterm year has been worse under Democrats.
Market Fares Better Under Democrats; Dollar Holds Up Under Republicans

Since 1901, the Dow has averaged annual gains of 6.4% during Republican eras while the dollar has declined to 29 cents. During Democratic eras, the Dow has average annual gains of 13.0% and the dollar has declined to 11 cents. Under Obama, the Dow has gained 28.5% while the dollar has lost 5.8%, since Election Day 2008. There have been 14 recessions and 18 bear markets under the Republicans and 7 recessions and 16 bear markets under the Democrats.
Republican Congress & Democratic President Best for the Market

Historical performance of the Dow under Democratic and Republican presidents demonstrates a pattern that is contrary to popular belief. Under a Democrat, the Dow has performed better than under a Republican. The Dow has historically returned 10.0% under Democrats compared to 6.8% under a Republican executive.

With total Republican control of Washington, the Dow has been up on average 14.1%. Democrats in power of the two branches have produced an average Dow gain of 7.4%. When power is split, with a Republican president and a Democratic Congress or a split Congress, the Dow has not done very well, averaging only a 5.4% gain. The best scenario for all investors has been a Democrat in the White House and Republican control of Congress, with average gains of 19.5%.

Highly Recommended for any serious trader. Trading is all about probabilities and this calendar book is chock full of all kinds of information for the serious trader. The calendar shows probabilities of a successful trade based on over 20 years of market data for each day for the Dow, S&P, and the Nasdaq. In addition, it oulines several rocking good trading strategies, to include best 8 days, presidential election cycle, best 6 months (S&P and Dow) and best 8 months (Nasdaq), sector seasonality and others. I live by this book when entering trades and determing whether I want to hold a trade into the next day or days. This is a must read in additon to using this to record daily balances for my accounts so I can go back and review them quickly to determine progress in my trading. If you are serious and want an edge this is a must have. You can also subscribe to the Stock Traders Almanac for entry and exit emails using these strategies. Good trading and leave some for me...

I've bought this for the last few years, and while it doesn't change tremedously from year to year, as some people have mentioned, each subsequent year incorporates the previous year's data, making it 100% worth it. I also use it as my desk calendar (it has neat quotes for every day, not just financial info!). At the reasonable price of <$30, it's not exactly breaking the bank to pick up a new one every year either. I'm mostly a fundamentals kind of guy, but as anyone could tell you, you'd be daft not to look at technicals a bit too. This calendar does a great job of listing technicals on whether a particular day tends towards bullish or bearish (and other relevant financial things such as options expirations, labor reports, etc). Knowing information each day, week and month, and season, make your trades and enter/exit opportunities all the more profitable. If you are in stocks, you need to buy this. Period. Highest possible recommendation. Product Details :
Spiral-bound: 192 pages
Publisher: Wiley; 9 edition (October 23, 2012)
Language: English
ISBN-10: 111815987X
ISBN-13: 978-1118159873
Product Dimensions: 6.9 x 0.9 x 8.9 inches

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Tuesday, April 9, 2013

Japanese Candlestick Charting Techniques, 2nd Edition, Steve Nison


An exciting and valuable addition to the literature of technical analysis… this ancient Japanese technique is available to American traders in a comprehensive, well-written, and understandable format.

John Murphy, President

JJM Technical Advisors, Inc. and

Author of Technical Analysis of the Financial Markets

It’s hard not to be too effusive about the quality of Nison’s work… reading [his book] was a pleasure. This is clearly one of the best investment books ever written…. We strongly recommend this book, which has already become an investment classic.

Bruce Babcock, Jr. Editor-in-Chief, Commodity Trades Consumer Report

Charting techniques used by the Japanese for over 100 years are explained for today’s traders and investors in:

JAPANESE CANDLESTICK CHARTING TECHNIQUES, SECOND EDITION: A Contemporary Guide to the Ancient Investment Techniques of the Far East

Steve Nison

Completely informative and global in its outlook, Japanese Candlestick Charting Techniques, Second Edition provides an in-depth explanation of candlestick plotting and analysis. This exciting book exposes the reader to the practical applications Steve Nison gained from years of study and research in this now popular and dynamic area. Today, almost all charting packages include candle charts.

This book contains hundreds of examples that show how candlestick techniques can be used in all of today’s markets. Through such patterns as the “dark-cloud cover” and “hanging-man lines,” traders will discover how candlestick techniques provide unique market insights. They will discover see how candles will provide early reversal signals, improve timing entering and exiting markets and can be merged with classic Western charting techniques.

This totally updated revision focuses on the needs of today’s traders and investors with:

* All new charts including more intra-day markets
* New candlestick charting techniques
* More focus on active trading for swing, on-line and day traders
* New Western techniques in combination with candles
* A greater spotlight on capital preservation.

Candle charts are older than bar charts, older than point-and-figure charts, but were completely unknown in the West – until Steve Nison introduced them through his articles, seminars, and his books.

I have a few books on candlesticks. I bought others which were cheaper, even though many reviews pointed towards Nisons' work. Note that in Australia, we are talking about $35 (other books) compared to $150 (Nison's book) ... so anyway, after buying many others, and looking all over the 'net for info. on Candlesticks, I ran into Nisons' book in a shop, looked through it and had to have it.

It has a LOT LOT LOT more depth than the others. There is more to candlesticks (or any price movement analysis) than just a bunch of patterns, names, formations ... the other books are far far too brief. I cannot emphasise this enough.

Look at all the other reviews for this book, many many good words said.

It is very readable, very clear, the examples are excellent, but most valuable are the insights for all the patterns ... that other books simply do not have.

Sure, it costs a bit more than the other candlestick books, but hey, how much money are you trading? Does an extra 30 or 50 bucks make that much difference for the extra insight you will gain?

This is not just the best ~Candlestick~ book, but it is a very very good TA book as well. Candlesticks are, after all, just a way of plotting price movements.

Note that, in searching the web for info. on TA and investing, this book came up time and time again as ~highly~ recommended. Now I pass that recommendation on.

Note also Nison has another book, "Beyond Candlesticks", and while I think that this is also a good book, get this one first and learn it all, the second book concentrates more on a few "Advanced" techniques, I don't know if they are so much advanced as they are just a few more techniques + brushing over what is in the first book. Get this first book, because it has more depth on the essentials that you need to know. Get the other book later, don't try and save money by jumping to the second one in the hope it will make the first obsolete, don't try and save money by getting a cheaper candlestick book, don't brush this stuff off thinking you've learnt all the candlestick stuff just by seeing a couple of patterns and names.

I also highly recommend Technical Analysis of the Financial Markets, this is recently updated and so incredibly good.

Beginner trader: will help you a lot, a very good investment, but also look to the book recommended above.

Intermediate: what are you doing? making a profit? get the book. Not making a profit? get the book, or get out of trading.

Advanced: why don't you have it? it should be on everyone's bookshelf, have you no pride? can't you afford it?

This is one of those trading books you cannot afford not to have. I don't give that rating to many other trading books.

Good luck!

Oh, and it is enjoyable to read.

Product Details :
Hardcover: 299 pages
Publisher: Prentice Hall Press; 2 edition (November 1, 2001)
Language: English
ISBN-10: 0735201811
ISBN-13: 978-0735201811
Product Dimensions: 8.7 x 1 x 11.2 inches

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