I have been learning to read stock charts but I don’t know what time period I should be looking at. The technical indicators change depending on the time period. Should I look at 1 day, 5 day, 3 month, 1 year, etc. I’m trying to find entrance and exit points but don’t know which chart to use. Thanks.
1. Check one year daily charts first for long term trend lines which you need to be aware of before buying/selling. Don’t skip this step as it often identifies trends that you won’t see in shorter time frames. Use a solid candlestick format.
2. Check the 3 month daily chart as reflective of the quarter, which will reveal subtrends that aren’t always evident on an annual chart.
2b. Next interpret the last couple candelsticks on the right to “read” what the market is going to do for next market day. Example: Monday to Tuesday trend will give a read on what is happening Wednesday.
2c. Compare the above to the 3 month weekly chart to “read” what is projected for the week. Again, Week 1 and Week 2 candlesticks will indicate what Week 3 is likely to do. All of these together will give you a great read on when to enter and exit.
3. Check the 5 day one 1 minute chart, or whatever is the smallest increment you have available. It makes you aware of current volatily range and short term trends. Finally, check the 2 day 1 minute chart for the same thing, especially in a volatile market like we have now.
Draw trend lines for all of the above, from the lowest point on the left of the chart to the lowest right of it for an uptrend line, and from the highest point on the left of the chart, to the highest right for the downtrend line.
Together you’ll come up with a good read. Test your projections each day against what you see. You’ll find you’ll be pretty good at it after you do this each day. There are a lot of other elements to help you tighten up your projections that you can read, and best learn from actual experience.
Recognizing turning points is critical. If you’re not already conversive on the topic (you may be already) get a simple book on candlestick charting to learn how candle shapes, proximity to trend lines, and volume enable you to build a strong projection. Most of the time candles are right, and trend lines only confirm them stronger. Learning how to average candles together for further confirmation, what shapes indicate indecision or push/pull situations, and likely reversals or surges, is very important. And by all means get a subscription to Investor’s Business Daily – great stock screens for you to select from, and excellent investor training on pattern recognition and when to enter/exit a position. Read William O’Neill’s books. He says more in less words than anyone and is very, very good.
All the best to you!
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Trying to decide which major I want, I think I want to go into finance, but I am not sure. I know I am going into business- at a business school.
Also, if there are any people who have careers in finance, what do you specifically and do you like your jobs? Because I have an internship in finance and accounting and it is pretty boring...but it is just because they don't give me enough work to do so I don't feel like I have had the true experience.
I've been in Finance for so long that I've decided that I wanted to do a different degree that was along the lines of my future goals... Law. I did my BBA in Legal Studies. I was a Finance major at first. I will suggest that you stick with the Finance Major vs the Business Administration. I mean if you think about what exactly is the B.A. offering you when the bottom line of the degree is in Business Administration? To have a specialty gives you a 'know-how' that makes you more adept in taking on positions that offer stellar pay as Finance and Accounting is known for. Each person is different in terms of what they want to do with their future goals. I normally see students minor in Business Administration if their Undergraduate Degree is in a totally different realm. This is only to signal to the employer that you are versatile and have business skills. If you are a business student I suggest Finance if this is what you want. Finance is definitely interesting and keeps you on the toes not just in the sense of performing statistical analysis but also conducting market and financial research including technical analysis which keeps you in the loop of world news as much as national news. You begin to witness the chain in global commerce & media and how it effects one another and inevitably effects the market as well as consumers far and near.
Another point that comes to mind is the institution that is granting the Finance degree. What is their reputation in the Finance Department? Are they first class? Are they top-rated? Usually the "glamourous pay but slave to your job" are firms off of W-Street which hit Ivy league schools to join their Associate or Summer programs. These programs, once selected ..highly selective, gear you up for positions such as equity or fixed-income analysts. Again, the pay is here, the perks are there, but you get no life. If you're looking to have that lifestyle then ensure your alma-matter can deliver. Your grades will obviously have to stand on its own and well .. if you have connections then use them.
If you want something more exciting in Business then go for Marketing. I'm leaning to the Marketing aspect in my MBA program which will play instrumental in my Entertainment Law (Law, Marketing, Finance (Budgeting)).
Good luck with everything.
P.S. I suggest you take a few finance classes (required and as an elective) before you decide.
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I need the DAILY stock charts for wheat and other stocks for the dates 4/14, 4/15, 4/16, 4/17, 4/18. I looked everywhere but couldn’t find a site to get old charts. Is there a site that logs these dates anywhere?
Yahoo! Finance
What I want to know is where the guys who write "real time stock quotes software" get the real time stock quotes from? Is there a universal database for that? How to get access to it? Need a license for doing so?
If you go to the homepage of the exchange you will find more information on how to purchase their service. For the NYSE go to http://www.nyse.com/productservices/connectmarkets/1157710276985.html
I wouldn’t purchase their service unless you have to since you could get it for free from a lot of other companies.
I want to write a program that works on stock quotes, similar to stock analyzer but am not sure how can I get the stock quotes to feed to my program.
You can find time-delayed stock quotes on the Web. Just make sure you are not violating the use agreement for whichever source you use. Below is a link to an answer I gave before, that provides the basic code to retrieve Yahoo!Financial stock quotes.
http://answers.yahoo.com/question/index;_ylt=AgP1YsSK46Mvu2AmYEBR0Ofty6IX;_ylv=3?qid=20100212150541AAeInBO&show=7#profile-info-ow9VS6Quaa
The title was: Accessing the internet with Java programs?
I need to know the quotes from September 15-22, 2008.
http://finance.yahoo.com/
How do you get the money? What documents/contracts do you need? This will probably differ than other businesses. For example, it would seem a little odd for an investment banker to go to another investment banker to ask them to invest in their investment banking business. Technically, where exactly do you get the starting money? Answers will be appreciated. Thanks!!!!!
Become a stock broker. Build a successful and happy clientele. Move up into the retail and investment banking groups. Keep building your happy clients. After 10-20 years, break away to start your own operation and take clients with you. If you’re consistently good at selecting profitable investments than your track record will attract money. Then you’ll have 401k managers, credit unions and other institutional investors prepared to put in tens or hundreds of millions of dollars. Basically, this is a lifetime ambition like running for president. It starts from college.
Im just about to pick my GCSE options, and what I really want to do is become an investment banker. But what GCSE/A levels will I need to become one? Plus, what exactly does an investment banker have to do and how much money can one make? Please guys Id really appreicate some help on this.
While a degree in any discipline is acceptable, many companies prefer related subjects such as accounting, economics, mathematics or statistics. Increasingly, entrants have a Masters degree such as an MBA or MSc in a related subject. A second language is also extremely useful.
The following qualifications may be useful as a first step:
The 14-19 Diploma in business, administration and finance
BTEC Certificates and Diplomas in business and finance subjects
City & Guilds qualifications in business and finance subjects
IFS Certificate or Diploma in financial studies.
An investment banker’s tasks could include:
advising clients how to raise finance to expand their business
arranging loans to fund expansion
advising clients on merging with or taking over other businesses
arranging financial backing for new businesses
managing the investments of business and private clients which can total billions of pounds
taking action to protect businesses from changes in currency exchange rates and interest rates
trading in stocks and shares, securities and bonds
buying and selling large property developments.
More information:
http://www.connexions-direct.com/Jobs4U/index.cfm?pid=50&catalogueContentID=281&render=detailedArticle
I can use http://finance.yahoo.com/d/quotes.csv?s=PKD&f=snd1l1yr
This will give me a stock quote for today’s date. How do I get a quote from a past date. Like Jan 4, 2001 ?
After you have put in a ticker symbol, look at the left side of the site. Under Quotes, click on Historical Prices. You can specify a date range and get the prices on those dates.
I am sick and tired of seeing my stock portfolio sometimes decreasing a few thousand dollars in one day. I am always looking for new stock investments. Which large corporate stocks are still available that have always made a profit and still have profit growth, have a low PE ratio, pay a dividend that will not be cut, have little or no debt on their balance sheet, and will be safe in this bad economy that we are facing. Provide the ticker symbols of these stocks and the reasons why the stock of these companies should be purchased.
You’re looking for a lot of things that others are looking for, however, there is very little out there that meets your requests. Of anything, I would suggest companies like Johnson & Johnson (JNJ), Altria (MO), Walmart (WMT) and Procter & Gamble (PG). I would avoid the pharmaceuticals despite their high yields and relative stability as there is question regarding the drug policy of Obama, who will likely push generics. Therefore, you are stuck looking for companies in the consumer staples arena for the most part, and then very select companies outside that arena that will do well in either a strong or weak economy. However, for the long-term, I would definitely encourage people to invest in commodity-related industries (such as oil, metals, fertilizer, etc.), as they have fallen off a cliff because of our deflationary environment. However, with the substantial monetary stimulus that the government has been injecting into the financial sector, our country will emerge from this in a much weaker financial state than the likes of China (using a fiscal stimulus versus a monetary stimulus) or Japan (has a strong budget surplus, just lent the IMF $100 billion). Therefore, I expect inflation to take a toll on the economy going forward, which may prolong this recession, as it will likely begin its rampage once the economy begins to recover, and will likely exceed the levels we saw earlier this year (oil at $140+). In regards to timing, I can’t help but continue to be bearish on the broader markets. The markets broke my previous expectations of S&P 500 to the 800 level, and I have revised my expectations to S&P 500 to the 575 level. I have done so as the market just broke a long-term support line (from the 2002 market bottom) today, and broke a bearish descending triangle pattern yesterday, which was confirmed today by a failed retest of the previous support line. Therefore, if you do enter any of these companies, do so only with the long-term in mind, and create a dollar-cost averaging strategy to build your position and strictly adhere to it. At some point, there will be a recovery in the markets, but there is little fundamental or technical reason to consider entering the market aggressively now. Just my opinion, I hope it helps.
Best of luck!