This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post.
Some helpful day to day links, including news:
- Finviz for charts, fundamentals, and aggregated news on individual stocks
- Bloomberg market news
- StreetInsider news:
- Market Check - Possibly why the market is doing what it's doing including sudden spikes/dips
- Reuters aggregated - Global news
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions.
The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA can be useful on any timeframe, both short and long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
If you have questions, please see the following word cloud and click through for the wiki:
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
[link] [comments] https://www.reddit.com/r/stocks/comments/179udhl/rstocks_daily_discussion_technicals_tuesday_oct/
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