Mastering the Stock Market High Probability Market Timing and Stock Selection Tools
Produktdetaljer
Biografisk notat
JOHN L. PERSON is a thirty-two-year veteran of the trading industry, having worked as a floor trader, broker, analyst, and founder of NationalFutures.com, an online education site. He developed the Person Pivots (PPS) and other technical indicators that are on several companies' popular trading platforms, including TD Ameritrade, TradeStation, Open E Cry, NinjaTrader, Tradesignal, and Trade Navigator. Person has taught thousands of traders including members of the largest exchanges, and frequently speaks at industry conferences. He is the author of three nationally and internationally popular trading books as well as three trading courses and a DVD seminar series. Person's latest book, Commodity Trader's Almanac, is the authoritative guide to trading the seasonal aspects of the commodity markets and the correlated ETFs and stocks of those markets.
The economy and stock market are heavily influenced by seasonal factors. For example, a strong holiday buying season tends to be bullish for retail stocks or rising energy costs hurt airline profitability. Awareness of seasonal trends in both the economy and stock market can put you in a better position to profit from sectors and stocks that are likely to outperform the overall market. And technical tools can then be used to confirm emerging trends and time entries into these stocks and sectors.
Mastering the Stock Market provides authoritative insights into a method for trading stocks based on seasonal trends, sector analysis, and market timing. Taking a top-down approach, the book explains how seasonal supply/demand forces impact commodities and different sectors of the stock market. After learning how to identify stock market sectors and commodity ETFs that are ripe for a big move, you'll quickly discover how to use technical analysis to gauge the strength of the sector or commodity and then identify the strongest stocks and ETFs to trade. Along the way, you'll also learn how to use the author's own indicators, Persons Pivots, to identify support/resistance areas and pinpoint optimal entry and exit points.
- Outlines a proven technical approach for trading stocks based on seasonal trends, sector analysis, and market timing
- Breaks new ground in comparative relative strength, trading volume, breadth indicators, and utilizing pivot analysis in conjunction with options expiration days to identify trading opportunities
- Written by noted technical analyst John L. Person
To successfully trade today's markets you need to use a proven approach and have the discipline to effectively implement it. Mastering the Stock Market has what you need to achieve these goals and capture consistent profits along the way.
Foreword x
Introduction xi
Chapter 1: Stock Indexes and Sectors 1
Stock-Picking Quandary 4
Exchange-Traded Funds 6
The Options Market 14
Why Use Seasonal Analysis? 18
Chapter 2: Seasonal analysis 21
Pondering the Perks 25
Not All ETFs Are Measured Equally 30
Conclusion 58
Chapter 3: Sentiment analysis 59
The AAII Sentiment Survey 60
COT Data 61
Insider Trading Information 62
COT Data Components 63
Can Traders Benefit and Make Money from This Information? 64
How Can This Information Possibly Be of Any Help to Us? 68
Compelling Evidence 75
Conclusion: COT Option Strategy 76
Chapter 4: Comparative relative Strength 79
What Is It Used For? 79
Creating the Charts 80
Spread Terminology 87
Automating Signals 95
Comparing Market Performance 99
Conclusion 102
Chapter 5: Breadth Studies 105
Trend-Line Analysis 107
Bearish Divergence Signals 114
Bullish Convergence Signals 119
Support and Resistance 121
Indicators and Moving Averages 125
Conclusion 135
Chapter 6: Volume Analysis 137
Hindsight Is 20/20 145
Current Event Analysis 148
Individual Stocks 149
Bearish Divergence 152
Bullish Convergence 154
Selling Climax 155
Exhaustion Tops 156
Trading Patterns 157
Volume and High-Frequency Traders 161
Volume Weighted Average Price 162
Chapter 7: Patterns, Indicators, and Oscillators 165
Candlesticks 166
The Doji 168
Reversal Patterns 169
Continuation Patterns 180
Conclusion: Indicator 101 201
Chapter 8: Scanning for Profits 203
Scanning the Universe 204
Trade Navigator 204
High- and Low-Close Doji Scans 206
Daily Scan Signals 208
Tradestation 212
Conclusion 227
Chapter 9: Pivot Point Analysis 233
Stock Trader’s Time Frame 238
Person’s Pivots Calculations 248
Fibonacci Combined with Pivot Points 262
Summary 263
Chapter 10: Putting It All Together 265
Position Sizing, Trade Entry Techniques, Risk Management, Trailing Stops, and Trade Management Calculating Position Size 267
Profit Targets 269
Stock Replacement Option Strategy 271
Day-Trading Position Sizing 271
Average True Range 272
Twice Baked 275
Order Entry Using PPS 276
Snap-Back Technique 276
Order Types 277
Stop Selection 279
The Exit 281
Expectations 282
Discipline 282
About the Author 285
Index 287
MASTERING THE STOCK MARKET
For more than thirty years, noted technical analyst John Person has honed his investing skills as a floor trader, broker, analyst, and founder of NationalFutures.com. Now, in Mastering the Stock Market, Person offers sophisticated traders as well as those new to the field a wealth of information on his proven trading concepts. Throughout the book, he outlines a comprehensive top-down approach to capturing profits that entails making more-informed trading decisions and pinpointing the best possible opportunities.
Today's rapid-fire technology offers you a more equal playing field when determining pricing, accessing various markets, and identifying platform transparency. Mastering the Stock Market gives traders an extra advantage by outlining the most relevant tools for making investment decisions that are characterized by lower risk and ultimately prove to be more profitable. Some of the tools Person touches upon include:
- Sector and seasonal trend analysis
- Contrarian and momentum indicators
- Price patterns
- Volume studies (OBV)
- Breadth indicators (Advance/Decline)
- Moving averages
- Support and resistance
Using the information outlined here, you'll discover the answers to the important questions all successful traders must ask, such as: what is the value of a certain stock, commodity, or ETF?
Awareness of seasonal trends in both the economy and stock market can put you in a better position to profit from sectors and stocks that are likely to outperform the overall market. And technical tools can then be used to confirm emerging trends, among other things. Person shows you how using a combination of both approaches can give you an edge in your trading endeavors. In addition to this, Mastering the Stock Market shows you how to use the author's own indicators, Person Pivots, to identify support/resistance areas and pinpoint optimal entry and exit points.
There are still opportunities to make money in today's markets. The key is choosing the right sectors and the right stocks, at the right time. Mastering the Stock Market reveals how you can effectively implement this proven approach and achieve your trading goals.
Produktdetaljer
Biografisk notat
JOHN L. PERSON is a thirty-two-year veteran of the trading industry, having worked as a floor trader, broker, analyst, and founder of NationalFutures.com, an online education site. He developed the Person Pivots (PPS) and other technical indicators that are on several companies' popular trading platforms, including TD Ameritrade, TradeStation, Open E Cry, NinjaTrader, Tradesignal, and Trade Navigator. Person has taught thousands of traders including members of the largest exchanges, and frequently speaks at industry conferences. He is the author of three nationally and internationally popular trading books as well as three trading courses and a DVD seminar series. Person's latest book, Commodity Trader's Almanac, is the authoritative guide to trading the seasonal aspects of the commodity markets and the correlated ETFs and stocks of those markets.