{"product_id":"the-visual-investor-isbn-9780470382059","title":"The Visual Investor","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. \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection One Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Has Changed? 1\u003c\/p\u003e \u003cp\u003eFund Categories 2\u003c\/p\u003e \u003cp\u003eGlobal Funds 2\u003c\/p\u003e \u003cp\u003eInvestors Need to Be Better Informed 3\u003c\/p\u003e \u003cp\u003eBenefits of Visual Investing 3\u003c\/p\u003e \u003cp\u003eStructure of the Book 3\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 What Is Visual Investing? 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Market Analysis? 5\u003c\/p\u003e \u003cp\u003eThe Trend Is to Blend 6\u003c\/p\u003e \u003cp\u003eWhat’s in a Name? 6\u003c\/p\u003e \u003cp\u003eWhy Study the Market? 7\u003c\/p\u003e \u003cp\u003eChartists Are Cheaters 7\u003c\/p\u003e \u003cp\u003eIt’s Always Just Supply and Demand 7\u003c\/p\u003e \u003cp\u003eCharts Are Just Faster 8\u003c\/p\u003e \u003cp\u003eCharts Do Look Ahead 8\u003c\/p\u003e \u003cp\u003ePictures Don’t Lie 9\u003c\/p\u003e \u003cp\u003ePicture Anything You Want 9\u003c\/p\u003e \u003cp\u003eThe Market’s Always Right 9\u003c\/p\u003e \u003cp\u003eIt’s All About Trend 10\u003c\/p\u003e \u003cp\u003eIsn’t the Past Always Prologue? 10\u003c\/p\u003e \u003cp\u003eTiming Is Everything 13\u003c\/p\u003e \u003cp\u003eSummary 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Trend Is Your Friend 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Trend? 15\u003c\/p\u003e \u003cp\u003eSupport and Resistance Levels 18\u003c\/p\u003e \u003cp\u003eRole Reversal 18\u003c\/p\u003e \u003cp\u003eShort Versus Long Term 25\u003c\/p\u003e \u003cp\u003eDaily, Weekly, and Monthly Charts 28\u003c\/p\u003e \u003cp\u003eRecent versus Distant Past 28\u003c\/p\u003e \u003cp\u003eTrendlines 31\u003c\/p\u003e \u003cp\u003eChannel Lines 34\u003c\/p\u003e \u003cp\u003eRetracing Our Steps by One-Third, One-Half, and Two-Thirds 34\u003c\/p\u003e \u003cp\u003eWeekly Reversals 38\u003c\/p\u003e \u003cp\u003eSummary 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Pictures That Tell a Story 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChart Types 41\u003c\/p\u003e \u003cp\u003eTime Choices 46\u003c\/p\u003e \u003cp\u003eScaling 46\u003c\/p\u003e \u003cp\u003eVolume Analysis 50\u003c\/p\u003e \u003cp\u003eChart Patterns 52\u003c\/p\u003e \u003cp\u003eMeasuring Techniques 61\u003c\/p\u003e \u003cp\u003eEven the Fed Is Charting 65\u003c\/p\u003e \u003cp\u003eThe Triangle 65\u003c\/p\u003e \u003cp\u003ePoint-and-Figure Charts 66\u003c\/p\u003e \u003cp\u003eChart Pattern Recognition Software 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Two Indicators 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Your Best Friend in a Trend 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTwo Classes of Indicators 75\u003c\/p\u003e \u003cp\u003eThe Moving Average 76\u003c\/p\u003e \u003cp\u003eThe Simple Average 76\u003c\/p\u003e \u003cp\u003eWeighting the Average or Smoothing It? 77\u003c\/p\u003e \u003cp\u003eMoving Average Lengths 77\u003c\/p\u003e \u003cp\u003eMoving Average Combinations 78\u003c\/p\u003e \u003cp\u003eSummary 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Is It Overbought or Oversold? 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring Overbought and Oversold Conditions 97\u003c\/p\u003e \u003cp\u003eDivergences 97\u003c\/p\u003e \u003cp\u003eMomentum 99\u003c\/p\u003e \u003cp\u003eWelles Wilder’s Relative Strength Index 100\u003c\/p\u003e \u003cp\u003eThe Stochastics Oscillator 110\u003c\/p\u003e \u003cp\u003eCombine RSI and Stochastics 113\u003c\/p\u003e \u003cp\u003eSummary 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 How to Have the Best of Both Worlds 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMACD Construction 121\u003c\/p\u003e \u003cp\u003eMACD as Trend-Following Indicator 123\u003c\/p\u003e \u003cp\u003eMACD as an Oscillator 123\u003c\/p\u003e \u003cp\u003eMACD Divergences 125\u003c\/p\u003e \u003cp\u003eHow to Blend Daily and Weekly Signals 125\u003c\/p\u003e \u003cp\u003eHow to Make MACD Even Better—The Histogram 128\u003c\/p\u003e \u003cp\u003eBe Sure to Watch Monthly Signals 130\u003c\/p\u003e \u003cp\u003eHow to Know Which Indicators to Use 130\u003c\/p\u003e \u003cp\u003eThe Average Directional Movement (ADX) Line 133\u003c\/p\u003e \u003cp\u003eSummary 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Three Linkage 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Market Linkage 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Asset Allocation Process 140\u003c\/p\u003e \u003cp\u003eThe Relative Strength Ratio 142\u003c\/p\u003e \u003cp\u003e2002 Shift from Paper to Hard Assets 142\u003c\/p\u003e \u003cp\u003eCommodity\/Bond Ratio also Turned up 144\u003c\/p\u003e \u003cp\u003eTurns in the Bond\/Stock Ratio 144\u003c\/p\u003e \u003cp\u003e2007 Ratio Shifts Back to Bonds 147\u003c\/p\u003e \u003cp\u003eBonds Rise as Stocks Fall 147\u003c\/p\u003e \u003cp\u003eFalling U.S. Rates Hurt the Dollar 147\u003c\/p\u003e \u003cp\u003eFalling Dollar Pushes Gold to Record High 150\u003c\/p\u003e \u003cp\u003eCommodity-Related Stocks 153\u003c\/p\u003e \u003cp\u003eForeign Stocks Are Linked to the Dollar 153\u003c\/p\u003e \u003cp\u003eCommodity Exporters Get Bigger Boost 156\u003c\/p\u003e \u003cp\u003eGlobal Decoupling Is a Myth 156\u003c\/p\u003e \u003cp\u003eRising Yen Threatens Global Stocks 158\u003c\/p\u003e \u003cp\u003eReview of 2004 Intermarket Book 159\u003c\/p\u003e \u003cp\u003eSummary 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Market Breadth 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring Market Breadth with NYSE AD Line 163\u003c\/p\u003e \u003cp\u003eNYSE AD Line Violates Moving Average Lines 164\u003c\/p\u003e \u003cp\u003eAdvance-Decline Shows Negative Divergence 164\u003c\/p\u003e \u003cp\u003eWhere the Negative Divergences Were Located 166\u003c\/p\u003e \u003cp\u003eRetail Stocks Start to Underperform During 2007 169\u003c\/p\u003e \u003cp\u003eRetailers and Homebuilders Were Linked 171\u003c\/p\u003e \u003cp\u003eConsumers are also Squeezed by Rising Oil 173\u003c\/p\u003e \u003cp\u003eDow Theory 173\u003c\/p\u003e \u003cp\u003eTransports Don’t Confirm Industrial High 175\u003c\/p\u003e \u003cp\u003ePercent of NYSE Stocks above 200-Day Average 175\u003c\/p\u003e \u003cp\u003eNYSE Bullish Percent Index 179\u003c\/p\u003e \u003cp\u003ePoint-and-Figure Version of BPI 181\u003c\/p\u003e \u003cp\u003eSummary 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Relative Strength and Rotation 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUses of Relative Strength 183\u003c\/p\u003e \u003cp\u003eTop-Down Analysis 186\u003c\/p\u003e \u003cp\u003eRelative Strength versus Absolute Performance 187\u003c\/p\u003e \u003cp\u003eUsing Relative Strength between Stocks 190\u003c\/p\u003e \u003cp\u003eComparing Gold Stocks to Gold 190\u003c\/p\u003e \u003cp\u003eHow to Spot New Market Leaders 193\u003c\/p\u003e \u003cp\u003eWhere the Money Came from 193\u003c\/p\u003e \u003cp\u003eSpotting Rotation Back into Large Caps 196\u003c\/p\u003e \u003cp\u003eTrend Changes Are Easy to Spot 198\u003c\/p\u003e \u003cp\u003eRotation within Market Sectors 198\u003c\/p\u003e \u003cp\u003eChinese Stocks Lose Leadership Role 200\u003c\/p\u003e \u003cp\u003eSummary 202\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Four Mutual Funds and Exchange Traded Funds 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Sectors and Industry Groups 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDifference between Sectors and Industry Groups 208\u003c\/p\u003e \u003cp\u003ePerformance Charts 209\u003c\/p\u003e \u003cp\u003eSector Carpets 211\u003c\/p\u003e \u003cp\u003eUsing Market Carpet to Find Stock Leaders 212\u003c\/p\u003e \u003cp\u003eIndustry Group Leader 213\u003c\/p\u003e \u003cp\u003eSector Trends Need to Be Monitored 214\u003c\/p\u003e \u003cp\u003eInformation on Sectors and Industry Groups 214\u003c\/p\u003e \u003cp\u003eSpotting Natural Gas Leadership 215\u003c\/p\u003e \u003cp\u003eNatural Gas Components 215\u003c\/p\u003e \u003cp\u003eCBOE Volatility (VIX) Index 217\u003c\/p\u003e \u003cp\u003eSummary 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Mutual Funds 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Works on Mutual Funds 227\u003c\/p\u003e \u003cp\u003eOpen- versus Closed-End Funds 228\u003c\/p\u003e \u003cp\u003eCharting Adjustments on Open-End Funds 228\u003c\/p\u003e \u003cp\u003eBlending Fundamental and Technical Data 229\u003c\/p\u003e \u003cp\u003eRelative Strength Analysis 229\u003c\/p\u003e \u003cp\u003eTraditional and Nontraditional Mutual Funds 229\u003c\/p\u003e \u003cp\u003eKeep It Simple 230\u003c\/p\u003e \u003cp\u003e200-Day Moving Average and Housing 230\u003c\/p\u003e \u003cp\u003eNatural Gas Breakout 232\u003c\/p\u003e \u003cp\u003eConsumer Discretionary Breakdown 232\u003c\/p\u003e \u003cp\u003eBear Crossing Sinks Chips 235\u003c\/p\u003e \u003cp\u003eNegative ROC Hurts Technology 235\u003c\/p\u003e \u003cp\u003eConsumer Staples Hold Up Okay 235\u003c\/p\u003e \u003cp\u003eRetail Ratio Plunges 235\u003c\/p\u003e \u003cp\u003eEnergizing a Portfolio 240\u003c\/p\u003e \u003cp\u003eLatin America Leads 240\u003c\/p\u003e \u003cp\u003eReal Estate Is Global 240\u003c\/p\u003e \u003cp\u003eProfunds Rising Rates Fund 244\u003c\/p\u003e \u003cp\u003eProfunds Falling U.S. Dollar Fund 244\u003c\/p\u003e \u003cp\u003eCommodity Mutual Funds 247\u003c\/p\u003e \u003cp\u003eInverse Stock Funds 247\u003c\/p\u003e \u003cp\u003eSummary 250\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Exchange-Traded Funds 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eETFs versus Mutual Funds 252\u003c\/p\u003e \u003cp\u003eUsing ETFs to Hedge 253\u003c\/p\u003e \u003cp\u003eUsing a Bear ETF 253\u003c\/p\u003e \u003cp\u003eTrading the Nasdaq 100 255\u003c\/p\u003e \u003cp\u003eUsing Sector ETFs 258\u003c\/p\u003e \u003cp\u003eInverse Sector ETFs 260\u003c\/p\u003e \u003cp\u003eUsing Technology as a Market Indicator 260\u003c\/p\u003e \u003cp\u003eCommodity ETFs 263\u003c\/p\u003e \u003cp\u003eForeign Currency ETFs 263\u003c\/p\u003e \u003cp\u003eBond ETFs 267\u003c\/p\u003e \u003cp\u003eInternational ETFs 269\u003c\/p\u003e \u003cp\u003eSummary 275\u003c\/p\u003e \u003cp\u003eConclusion 279\u003c\/p\u003e \u003cp\u003eWhy It’s Called \u003ci\u003eVisual Investing \u003c\/i\u003e279\u003c\/p\u003e \u003cp\u003eThe Media Will Always Tell You Why Later 279\u003c\/p\u003e \u003cp\u003eMedia Views Keep Shifting 280\u003c\/p\u003e \u003cp\u003eVisual Analysis Is More User Friendly 280\u003c\/p\u003e \u003cp\u003eKeep It Simple 280\u003c\/p\u003e \u003cp\u003eVisual Tools Are Universal 281\u003c\/p\u003e \u003cp\u003eThe Stock Market Leads the Economy 281\u003c\/p\u003e \u003cp\u003ePrices Lead the Fundamentals 282\u003c\/p\u003e \u003cp\u003eSector Investing 282\u003c\/p\u003e \u003cp\u003eExchange-Traded Funds 283\u003c\/p\u003e \u003cp\u003eA Year After the 2007 Top 283\u003c\/p\u003e \u003cp\u003eWarning Signs were Clearly Visible 284\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A Getting Started 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFind a Good Web Site 285\u003c\/p\u003e \u003cp\u003eUse the Readers Choice Awards 285\u003c\/p\u003e \u003cp\u003eStockCharts.com 286\u003c\/p\u003e \u003cp\u003eChart School 286\u003c\/p\u003e \u003cp\u003eOnline Bookstore 287\u003c\/p\u003e \u003cp\u003e\u003ci\u003eInvestor’s Business Daily \u003c\/i\u003e288\u003c\/p\u003e \u003cp\u003eStock Scans 288\u003c\/p\u003e \u003cp\u003eBullish Percent Indexes 289\u003c\/p\u003e \u003cp\u003eDecisionPoint.com 294\u003c\/p\u003e \u003cp\u003eMcClellan Breadth Indicators 294\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B Japanese Candlesticks 295\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCandlestick Patterns 297\u003c\/p\u003e \u003cp\u003eBullish Engulfing Pattern 298\u003c\/p\u003e \u003cp\u003eStock Scan Candlestick Patterns 300\u003c\/p\u003e \u003cp\u003eRecommended Reading 300\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C Point-and-Figure Charting 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTriple and Quadruple Signals 302\u003c\/p\u003e \u003cp\u003eHow to Vary P\u0026amp;F Charts for Sensitivity 304\u003c\/p\u003e \u003cp\u003eThere’s No Doubt about P\u0026amp;F Signals 305\u003c\/p\u003e \u003cp\u003eRecommended Reading 306\u003c\/p\u003e \u003cp\u003eIndex 307\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJOHN J. MURPHY\u003c\/b\u003e is a former technical analyst for CNBC and has over forty years of market experience. He is the face of StockCharts.com, which provides financial information to online investors via technical analysis tools. Murphy has appeared on Bloomberg TV, CNN's\u003ci\u003e Moneyline\u003c\/i\u003e, \u003ci\u003eNightly Business Report\u003c\/i\u003e, and \u003ci\u003eWall $treet Week\u003c\/i\u003e \u003ci\u003ewith Louis Rukeyser\u003c\/i\u003e. In 1992, he was given the first award for outstanding contribution to global technical analysis by the International Federation of Technical Analysts, and was the recipient of the 2002 Market Technicians Association Annual Award. In addition to the \u003ci\u003eFirst Edition\u003c\/i\u003e of \u003ci\u003eThe Visual Investor,\u003c\/i\u003e he is also author of \u003ci\u003eIntermarket Technical Analysis\u003c\/i\u003e and \u003ci\u003eIntermarket Analysis,\u003c\/i\u003e all of which are published by Wiley. He also authored \u003ci\u003eTechnical Analysis of the Financial Markets\u003c\/i\u003e. Murphy has a bachelor of arts in economics and a master of business administration from Fordham University.   \u003c\/p\u003e\u003cp\u003eVisual analysis, also known as technical or chart analysis, is one of the best ways to invest in today's markets—and it's not as hard as you might think. This proven approach allows you to follow almost any market, without having to be an expert on any of them, and it can give you an enormous advantage over those who prefer to use some form of economic or fundamental analysis. \u003c\/p\u003e\u003cp\u003eWith over forty years of market experience and a number of bestselling financial books to his name, John Murphy, one of the world's foremost technical analysts and educators, knows what it takes to make it in this field. Now, with the \u003ci\u003eSecond Edition\u003c\/i\u003e of \u003ci\u003eThe Visual Investor\u003c\/i\u003e—which has been completely updated for current markets—Murphy shares his invaluable insights on this subject with you. \u003c\/p\u003e\u003cp\u003eWritten in a straightforward and accessible style, this updated guide will introduce you to \"visual\" investing by explaining a variety of charting techniques that professionals have used for decades, and shows you how specific visual tools can put you in a better position to successfully trade commodities, currencies, bonds, and stocks in both domestic and global financial markets. With the real-world examples and comprehensive charts found here, you'll quickly discover how to: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eTell the difference between markets that are trending and those that are not\u003c\/li\u003e \u003cli\u003eLocate important breakouts or breakdowns\u003c\/li\u003e \u003cli\u003eSpot significant support and resistance levels\u003c\/li\u003e \u003cli\u003eImplement asset allocation and sector rotation strategies through exchange-traded funds and mutual funds\u003c\/li\u003e \u003cli\u003eUtilize moving averages to keep track of trends\u003c\/li\u003e \u003cli\u003eIncorporate essential price patterns into your investment analysis\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAlong the way, Murphy takes you through the ins and outs of reading price and volume charts that can help you make sensible investment decisions, and highlights how you can track the ups and downs of financial markets by visually comparing charts—instead of relying upon complex mathematical formulas and confusing technical concepts. \u003c\/p\u003e\u003cp\u003eKnowing why a market is moving is interesting, but not crucial to investment success. In order to trade profitably, all that really matters is what the markets are actually doing. Visual analysis is the best way to determine this, and with the \u003ci\u003eSecond Edition\u003c\/i\u003e of \u003ci\u003eThe Visual Investor\u003c\/i\u003e as your guide, you'll learn how to put this effective approach to work for you to enhance the performance of your portfolio.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990364078309,"sku":"NP9780470382059","price":52.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470382059.jpg?v=1761787524","url":"https:\/\/k12savings.com\/products\/the-visual-investor-isbn-9780470382059","provider":"K12savings","version":"1.0","type":"link"}