MonthMarch 2020

IBD Stock Market Update on a Chart – Week of 03/23/20

Stock Market Update: It’s A Long Way To The Top, written by Mike Webster, was published today on Investor’s Business Daily. I’ve created the following image to depict the week’s activity using Mike’s article as a guide.

MarketSmith Tip: Set an Alert at Pivot, Profit or Loss

Here’s a quick tip shared by Irusha on IBDLive to quickly set an alert at the profit, loss and pivot shaded areas in MarketSmith.

Begin by moving your mouse over the green shaded and right-click. A small dialog will appear with the text Set Alert.

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IBD Stock Market Update on a Chart – Week of 03/16/20

Stock Market Update: Fear, Volatility and George Costanza?, written by Mike Webster, was published today on Investor’s Business Daily. This weekly article is an excellent overview of the technical action for the past week.

I’ve created a summary of the article in the chart below:

Like to print the chart? Download PDF.

Using Daily Dollar Volume To Narrow Your Watchlist

One way to limit additional risk and cut down on volatility is to trim the universe of stocks down to those that have a Daily Dollar Volume of $20 million or higher. Stocks that do not meet this criteria are often more volatile and thinly traded.

In this post we’ll look at how to calculate Daily Dollar Volume and how to sort lists in MarketSmith based on the 50-Day Average Daily Dollar Volume.

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Understanding Earnings Stability & EPS Growth Rate

Earning stability is an indicator of the predictability of a companies earnings. Another way to think of it is a volatility ranking of the earnings. The lower the number, the less volatile. Anything under 10 is very stable. For example, an earning stability of 3 indicates a company has consist earnings, quarter to quarter, year over year.

As far as the EPS growth rate, the technical definition follows:

The compound 3-year growth rate calculated using the least squares fit over the latest two to three years’ earnings per share on a running 12-month basis.
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View Top-Rated Institutional Sponsors For Any Stock

The “I” in CAN SLIM stands for Institutional sponsorship. If a top-rated fund has a position in a stock, that’s a positive sign.

With MarketSmith you can search for and flag institutional sponsors. Once flagged, you can quickly view if an institutional sponsor holds a position in a stock.

In this video I’ll walk through the steps to find and flag top-rated sponsors. I’ll also show how to determine if a stock has top-rated funds holding a position.

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