Referred to as a market momentum indicator, the absolute breadth index (ABI) is equal to the absolute value of the difference between the advancing issues and the declining issues. It shows how much activity and volatility and change is taking place on the NYSE while ignoring the direction prices are going. It shows only market
Larry Williams, a trading veteran of over 40 years, is the author of How I Made A Million Trading Commodities published in 1973. In 1987 he took $10,000 to $1.1 million in a highly publicized real time trading championship. Williams’ contributions to the world of technical analysis include his Williams %R, Williams’ Accumulation/Distribution and Ultimate
On a Japanese Candlestick chart, a Marubozu is a single candlestick with no shadow or wick extending from the body at at the open or close. Also known as a shaven or bald candlestick. The black Marubozu has a long black body and no shadow/wick. The open is the high and the close is the
George Soros, born György Schwartz on August 12, 1930, in Budapest, Hungary, has become one of the most influential investors and philanthropists in modern history. His remarkable journey from Holocaust survivor to billionaire financier has made him both a financial legend and a polarizing figure in global politics. Early Life and Education Soros grew up
Source: The Employment and Training Administration of the Department of Labor. Release: 8:30 ET each Thursday. Data is for week ended prior Saturday. Initial jobless claims reflects the number of claims filed for state unempolyment benefits in the previous week. Increases in claims potential reflect slowing job growth, and decreases reflect accellerating growth in the