Book description
The Visual Investor, Second Edition breaks down technical analysis into terms that are accessible to even individual investors. Aimed at the typical investor--such as the average CNBC viewer--this book shows investors how to follow the ups and downs of stock prices by visually comparing the charts, without using formulas or having a necessarily advanced understanding of technical analysis math and jargon. Murphy covers all the fundamentals, from chart types and market indicators to sector analysis and global investing, providing examples and easy-to-read charts so that any reader can become a skilled visual investor.
Table of contents
- Title Page
- Copyright Page
- Dedication
- Preface
- Acknowledgements
-
SECTION ONE: Introduction
- WHAT HAS CHANGED?
- FUND CATEGORIES
- GLOBAL FUNDS
- INVESTORS NEED TO BE BETTER INFORMED
- BENEFITS OF VISUAL INVESTING
- STRUCTURE OF THE BOOK
-
CHAPTER 1: What Is Visual Investing?
- WHY MARKET ANALYSIS?
- THE TREND IS TO BLEND
- WHAT’S IN A NAME?
- WHY STUDY THE MARKET?
- CHARTISTS ARE CHEATERS
- IT’S ALWAYS JUST SUPPLY AND DEMAND
- CHARTS ARE JUST FASTER
- CHARTS DO LOOK AHEAD
- PICTURES DON’T LIE
- PICTURE ANYTHING YOU WANT
- THE MARKET’S ALWAYS RIGHT
- IT’S ALL ABOUT TREND
- ISN’T THE PAST ALWAYS PROLOGUE?
- TIMING IS EVERYTHING
- SUMMARY
- CHAPTER 2: The Trend Is Your Friend
- CHAPTER 3: Pictures That Tell a Story
- SECTION TWO: Indicators
-
SECTION THREE: Linkage
-
CHAPTER 7: Market Linkage
- THE ASSET ALLOCATION PROCESS
- THE RELATIVE STRENGTH RATIO
- 2002 SHIFT FROM PAPER TO HARD ASSETS
- COMMODITY/BOND RATIO ALSO TURNED UP
- TURNS IN THE BOND/STOCK RATIO
- 2007 RATIO SHIFTS BACK TO BONDS
- BONDS RISE AS STOCKS FALL
- FALLING U.S. RATES HURT THE DOLLAR
- FALLING DOLLAR PUSHES GOLD TO RECORD HIGH
- COMMODITY-RELATED STOCKS
- FOREIGN STOCKS ARE LINKED TO THE DOLLAR
- COMMODITY EXPORTERS GET BIGGER BOOST
- GLOBAL DECOUPLING IS A MYTH
- RISING YEN THREATENS GLOBAL STOCKS
- REVIEW OF 2004 INTERMARKET BOOK
- SUMMARY
-
CHAPTER 8: Market Breadth
- MEASURING MARKET BREADTH WITH NYSE AD LINE
- NYSE AD LINE VIOLATES MOVING AVERAGE LINES
- ADVANCE-DECLINE SHOWS NEGATIVE DIVERGENCE
- WHERE THE NEGATIVE DIVERGENCES WERE LOCATED
- RETAIL STOCKS START TO UNDERPERFORM DURING 2007
- RETAILERS AND HOMEBUILDERS WERE LINKED
- CONSUMERS ARE ALSO SQUEEZED BY RISING OIL
- DOW THEORY
- TRANSPORTS DON’T CONFIRM INDUSTRIAL HIGH
- PERCENT OF NYSE STOCKS ABOVE 200-DAY AVERAGE
- NYSE BULLISH PERCENT INDEX
- POINT-AND-FIGURE VERSION OF BPI
- SUMMARY
-
CHAPTER 9: Relative Strength and Rotation
- USES OF RELATIVE STRENGTH
- TOP-DOWN ANALYSIS
- RELATIVE STRENGTH VERSUS ABSOLUTE PERFORMANCE
- USING RELATIVE STRENGTH BETWEEN STOCKS
- COMPARING GOLD STOCKS TO GOLD
- HOW TO SPOT NEW MARKET LEADERS
- WHERE THE MONEY CAME FROM
- SPOTTING ROTATION BACK INTO LARGE CAPS
- TREND CHANGES ARE EASY TO SPOT
- ROTATION WITHIN MARKET SECTORS
- CHINESE STOCKS LOSE LEADERSHIP ROLE
- SUMMARY
-
CHAPTER 7: Market Linkage
-
SECTION FOUR: Mutual Funds and Exchange-Traded Funds
-
CHAPTER 10: Sectors and Industry Groups
- DIFFERENCE BETWEEN SECTORS AND INDUSTRY GROUPS
- PERFORMANCE CHARTS
- SECTOR CARPETS
- USING MARKET CARPET TO FIND STOCK LEADERS
- INDUSTRY GROUP LEADER
- SECTOR TRENDS NEED TO BE MONITORED
- INFORMATION ON SECTORS AND INDUSTRY GROUPS
- SPOTTING NATURAL GAS LEADERSHIP
- NATURAL GAS COMPONENTS
- CBOE VOLATILITY (VIX) INDEX
- SUMMARY
-
CHAPTER 11: Mutual Funds
- WHAT WORKS ON MUTUAL FUNDS
- OPEN- VERSUS CLOSED-END FUNDS
- CHARTING ADJUSTMENTS ON OPEN-END FUNDS
- BLENDING FUNDAMENTAL AND TECHNICAL DATA
- RELATIVE STRENGTH ANALYSIS
- TRADITIONAL AND NONTRADITIONAL MUTUAL FUNDS
- KEEP IT SIMPLE
- 200-DAY MOVING AVERAGE AND HOUSING
- NATURAL GAS BREAKOUT
- CONSUMER DISCRETIONARY BREAKDOWN
- BEAR CROSSING SINKS CHIPS
- NEGATIVE ROC HURTS TECHNOLOGY
- CONSUMER STAPLES HOLD UP OKAY
- RETAIL RATIO PLUNGES
- ENERGIZING A PORTFOLIO
- LATIN AMERICA LEADS
- REAL ESTATE IS GLOBAL
- PROFUNDS RISING RATES FUND
- PROFUNDS FALLING U.S. DOLLAR FUND
- COMMODITY MUTUAL FUNDS
- INVERSE STOCK FUNDS
- SUMMARY
- CHAPTER 12: Exchange-Traded Funds
-
CHAPTER 10: Sectors and Industry Groups
- Conclusion
- APPENDIX A: Getting Started
- APPENDIX B: Japanese Candlesticks
- APPENDIX C: Point-and-Figure Charting
- Index
Product information
- Title: The Visual Investor: How to Spot Market Trends, Second Edition
- Author(s):
- Release date: February 2009
- Publisher(s): Wiley
- ISBN: 9780470382059
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