CONTENTS

Foreword

Acknowledgments

Introduction

 

Part I: The Landscape

Chapter 1:
Traditional Wall Street—Trumpery, Tyranny, and Tendency

Investment Banking

Why a Broker Can Make You Broke

Analysts

Corruption in the Food Chain

Enter the Regulators

The Mutual Funds Role

Where is the Market Food?

Chapter 2:
The Business Cycle

The Business Cycle Components

The Role of the Government (Fiscal Policy)

Federal Reserve Economic Policy (Monetary Policy)

Chapter 3:
The Broad Market and the Way the Engine Runs

Broad Equity Markets

Fixed Income Market: Bond Basics

Commodities

Chapter 4:
Sector Analysis

The Dow Jones Utility Average

AMEX Oil Index

Currencies

The Effects of Interest Rates on the Dollar and Gold

Real Estate

The Fear Index

The “Edge” is Emerging

 

Part II: Pictures of Perception

Chapter 5:
Opinion versus Analysis (Data)

Raw Market Data

The Basic Premise of Technical Analysis

Charting

Volume

Time

Elasticity—The Range of Emotion Equals the Range of Price

Chapter 6:
Supply, Demand, and Emotions

Supply/Demand—The Emotional Hedge

Price

Volatility

The Volatility and Smoothing of Time

Volume

Velocity

Chapter 7:
Market Cycles and Technical Analysis

Market Stages

Chapter 8:
Support and Resistance

Consensus

The Moving Average—Smoothed Consensus

Chapter 9:
Trajectories and Paths

Continuation and Reversal Patterns

Chapter 10:
Candles and Oscillators

The Momentum Candle

Candlestick Patterns

Oscillators and Indicators

Chapter 11:
Fundamentals or Financial Fantasy

Fundamentals Answer Why, Not When

What is Fundamental Information

Manipulation of Fundamental Information

How to Filter Through Fundamental Data

Chapter 12:
Becoming Your Own Analyst

Reviewing the Top-Down Approach

Top-Down and Trend Alignment

Bottom-Up

Directional Bias Versus No Bias

Chapter 13:
Tactical Trading and Investing

The Road to Hell is Paved with Good Intentions

Slippage Can Destroy Analysis

Institutional Order Flow

Single Source Liquidity Investment Vehicles

Futures

E-Mini S&P Contract

Chapter 14:
Pay Raises Become Effective When You Do

Applying What You Have Learned

Chapter 15:
When to Sell

Chapter 16:
Favorite Strategies

The “Short Squeeze”

The Stochastic Play

The Earnings Play

Buy Rumor, Sell Fact (News)

Conclusion

Index