Mastering the Stock Market High Probability Market Timing and Stock Selection Tools, by Person, John L.
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- ISBN: 9781118343487 | 1118343484
- Cover: Hardcover
- Copyright: 12/10/2012
The Master Stock Trader provides an authoritative 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. For example, energy prices have definite seasonal patterns and the price fluctuations impact a wide range of industries, such as airlines, trucking, and chemicals. After identifying stock market sectors and commodity ETFs that are ripe for a big move, Person explains how to use technical analysis to gauge the strength of the sector or commodity and then identify the strongest stocks and ETFs to trade. Finally, he shows how to use his own indicators, Persons Pivots, to identify support/resistance areas and pinpoint optimal entry and exit points, explaining how to assess the risk/reward quotient for any given trade and when to wait for a pullback as opposed to jumping right into a trade. A noted technical analyst, the book will break new ground in comparative relative strength, trading volume, breadth indicators, and utilizing pivot analysis in conjunction with options expiration days to identify trading opportunities. While the book focuses on stocks and ETFs, Person explains situations when it might be better to use futures or leveraged ETFs. Specific sections include: - Sectors to Trade - Seasonal Analysis - Consensus Studies - Trend Line Analysis - Trend Indicators (ADX) - Breadth Studies (A/D line & McClennan Oscillator) - Overbought over sold indictors (Stoch. MACD, CCI) - Moving Averages - Using Persons Pivots - Using PPS Indicator