This section defines many of the most common and most tracked Bearish Candlestick formations as well as provides custom pictures to help define the pattern and real time examples.
This section defines many of the most common and most tracked Bullish Candlestick formations as well as provides custom pictures to help define the pattern and real time examples.
The ultimate chart resource section is much like the Old Market Lab but improved. In this section members have access to charts of U.S. based and Global indicies, Individual U.S. Sectors, Commodities, Bonds, various ETFs as well as custom chart settings and indicatators provided and used by BPT in our own trading/investing. This section will always be considered a "work in progress" since we hope to continually add and edit the data to better help our members in doing research and trading.
A pivot point and the associated support and resistance levels are often turning points for the direction of price movement in a market. In an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur. In a declining market, a pivot point and the support levels may represent a low price level of stability or a resistance to further decline.
The NYMO and NAMO indicators are also called the McClellan Oscillator, the NYMO is derived from the NYSE while the NAMO is derived from the Nasdaq. Below I show a few chart examples of this 'Quasi Mechanical System', but first let's cover the definition of what the NYMO and NAMO are.
Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator. As the formula reveals, the McClellan Oscillator is a momentum indicator that works similar to MACD. McClellan Oscillator signals can be generated with breadth thrusts, centerline crossovers, overall levels and divergences.
Almost everyone has heard the saying, 'Sell In May and Go Away' before, however you may now realize how powerful this is until you actually see the hard data/statistics. Below I inserted a detailed table of statistics, please take the time to study them in detail.
The table below is of the Dow Jones going back to 1950 and is divided into three columns with an initial invesment of $10,000: The column on the right shows shows how the $10,000 grew over time via just simple buy and hold, while the other two columns spilt this $10,000 invesment into two 6 month time frames of the year. The Left hand column shows what would happen if you invested $10,000 in the Dow Jones from 1950 to present ONLY during the May1 - Oct 31 six month time frame of the year, while the middle column shows the results if you invested the $10,000 into the Dow Jones in the other 6 months of the year from Nov 1 - April 30th.
The results are quite astonishing: If one invested $10,000 into the Dow Jones ONLY from May 1st - Oct 31st and starting from 1950 to present, you actually LOST money over 62 years!!