John Murphy: Reading Market Relationships With Care
A stock index rises 4% while an industry group gains 2%. Both charts point upward, but the group is losing ground relative to the index. John Murphy's work encourages precisely…
A stock index rises 4% while an industry group gains 2%. Both charts point upward, but the group is losing ground relative to the index. John Murphy's work encourages precisely…
A chart stops at 50.00 resistance. The next page shows it at 90.00 six months later, and the earlier base suddenly looks obvious. John Boik's historical studies make large stock…
Two hypothetical traders describe the same 50.00 breakout. One requires a close above it and holds for weeks. The other reacts intraday and is flat by the session's end. Both…
A hypothetical company reports earnings of 5.00 per share, up from 4.00. The stock still falls. If the price had reflected expectations of 6.00, stronger reported earnings can coexist with…
A hypothetical company needs 100 million to expand. At a share price of 10.00, raising that amount requires issuing 10 million new shares before expenses. At 20.00, it requires 5…
A hypothetical stock closes above a six-week base at 50.40, then returns below its 50.00 ceiling two sessions later. The company still has an appealing growth story. The trade, however,…
A hypothetical researcher tests 50 variations of a breakout rule and keeps the best result. The selected chart looks convincing, but it contains a hidden advantage: it won a contest…
A hypothetical stock spends six weeks below 80.00, then closes at 80.60 on twice its usual volume. By the time another trader notices, it is at 84.00. The chart still…
Three hypothetical positions each carry 500 of planned risk. One depends on a stronger currency, another on lower commodity prices and a third on a related interest-rate move. The account…
A hypothetical stock breaks above 42.00 on a fifteen-minute chart while its daily chart sits beneath repeated highs at 42.50. The short-term move is real, but so is the nearby…