Noted technical analyst John Person outlines a comprehensive method to pinpointing today's best trading opportunities 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. The Master Stock Trader 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. The Master Stock Trader 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 Benefi t 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: P utting 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
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