Gone are the dealers on NASDAQ and the specialists at the NYSE. Instead, a company’s stock can now be traded on up to sixty competing venues where a computer matches incoming orders. A majority of quotes are now posted by high-frequency traders (HFTs), making them the dominant source of liquidity in the market.
The general direction of the economy is fairly predictable on a long time basis. When you look at the long term chart of the Dow Jones Index you can roughly see a stairsstep pattern. There are relatively flat periods for 15 to 20 years, then a rise for 15 to…
We focus on Technical analysis only. Want to know why?
There are 3 primary things that influence a stock price:
The sector accounts for 50% of the move.
The market, 30%.
So company fundamentals is only responsible for 20%. I will explain more in this blogpost…