A Look at Stock Rover

Stock Rover is as close to an all-in-one stop for stock information that I have seen. It has 2 separate sections that I refer to as the "Market" section and the "Stock Rover App" section. Both of these sections have a vast amount of useful underlying research information on the various stocks that make up the tradable stocks on the exchange. I will not be able to detail all of what you will find on this site. Just highlighting the areas that I find interesting will make for a long enough post. I can't stress enough that there is a ton of information under each tab and many more when hovering over some items or right clicking things like symbols.

You must register with Stock Rover. The registering is free and will give you access to everything I am talking about here. Premium membership is $250 per year. I don't think the Premium is necessary for most investors, especially smaller investors trying to learn. If you want to though they do have a 14 day free trial that you activate from the Stock Rover app menu with no credit card information required for the free trial. If you don't upgrade in the 14 days the app returns to the "free" version. Do not take this as an advertisement or recommendation, I have no affiliation and get no benefit from anyone subscribing.

Image 1 below is the main Markets page. I've highlighted a few things on here. Black menu bar at top is main sections and this shot is on Markets. On the Market section there is a lot to see. Notice the first set of tabs. It also is on Markets showing the performance of the overall indexes. Note that you can change the time frame to get up to one year performance. This tab also provides a lower table which is currently on Market Summary showing yet another table below that which is currently on Sectors. You can also change the time frame on sectors to get various views on strong sectors for whatever period you select. If you trade on the uptrends you want to use this to find which sectors are the best then drilling down into them to see what stocks are strong.

Notice the tabs along this table. In addition to Market Summary you have a Stocks, ETFs, Bonds, Commodities and Daily Analyst Ratings. Each of them has a summary for that day. Stock tab will show the largest movers for the day and top performers and top losers. Also note, the daily analyst tab shows companies that have been upgraded or downgraded for that day.

Image 1

Image 2 shows the screen that you get when staying on the Markets section (top black menu) but moving the first table down to "Quotes". Here, if you have no tickers entered you need to have one. This shot is looking at Oracle (ORCL). Note the table right under that is currently on Financials but you have a Details, Chart, News, and Peers in addition. I just wanted to highlight the Financials so you could see the fundamental data available here. By clicking the + mark in each line reveals the data for that item. It is currently on Financial Health. Note the data and graphs. On the left side if you click on the existing "X" it will remove that item from the graph. Clicking on the graph icon will add the item. You can have up to 4 items in the graph.

Image 2

In Image 3 we again stay in the Markets section (Black menu bar at top) but in the first table we clicked on "Ideas". Stock Rover keeps a few "featured screeners" to run without having to go into the Stock Rover app (image 4 below) I just want to point out that in the image below sitting just below the list of screened stocks is "Other Featured Screeners" Click on one of them for a different type of screen. The active screen shows the details of what is being screened to the left of the list of stocks. Also not you can access he CNBC Video Feed (Lower Right of Image 3)

Image 3

Lastly is Image 4 below which is the Stock Rover App. If you look on the images above it is located on the black menu bar at the top on the far right. Click the orange button "Launch SR" and it should open this up in a new tab or window depending on how you have your browser setting. This has just as many different places to explore as the "Markets" page so I won't try to get into too much detail here. I just want to highlight a few things. See the Start button (upper left of image 4)? Clicking that down arrow brings up a menu shown in Image 5 below. Look over the sections on this page. On the left side is the Market Summary, Quotes and Navigation. You simply have to click on the areas that I have highlighted in the Navigation section to see how really intensive this section is. As you highlight any of the stocks in the table in the middle (Research Tickers) It will populate the bottom chart and the right section labeled Insight for (symbol). Notice the grading system I highlighted in that box. Also note the tabs for additional details.

Image 4

Image 5 - Clicking arrow next to "Start" this is under the start menu

So this post just touches on the many features of this well laid out stock research website. I strongly recommend you spend a little time clicking through things here. As you click around in here you will probably come across some of the features only available to premium members but as of now it has not compelled me personally to pay for it. For me, I have another stock screening app that I am presently paying for that runs out in January of next year. At that time I might consider trying the premium. Lastly, below is a few links for more information about Stock Rover.

Compare features of Free vs Premium

https://www.stockrover.com/plans/compare/

Detailed Help for Stock Rover app (not Markets page)

https://www.stockrover.com/how-to/stock-rover-basics/right-click-menus/

17 page Getting Started Guide in PDF format for the Stock Rover app (not Markets page)

https://www.stockrover.com/library/pdf/getting-started-in-stock-rover.pdf

Created with Microsoft OneNote 2016.

Market Forecast Study TD Ameritrade

Below is an article copied from TD Ameritrade’s Ticker Tape that is a newsletter added to daily by TD Ameritrade for it’s clients.  It illustrates a very useful study that can be added to your charts in the Think or Swim platform.  Yes, you must have a TD Ameritrade account to make use of this platform.  Although, paper traders can open a TD account and do not have to fund the account (you can have a zero balance) and still download the platform and open it in “Paper Money” and practice trading.  You can add to your learning of how this works in real time by catching David’s daily Market Forecast video on YouTube.  You do not need to have a TD Ameritrade account to view these daily recaps.  Here’s the article:

Market Forecast: Stocks Break Winning Streak with Tight Range

By David Settle, Curriculum Development Manager, Investools

September 9, 2016

After closing higher for five straight months, the S&P 500 finished August with one of its quietest months ever. This is not typical for the last month of the summer where volatility tends to increase.

Last year in August 2015, the S&P 500 suffered a five-day losing streak that totaled 229 points, or a 10.9% drop. In comparison, the broad market index stayed in a 46-point range all month this August, which is roughly just 2% of the index’s current value.

Needless to say, it’s been a quiet August that has investors looking ahead to presidential elections, potential Fed rate hikes, and a favorite football team’s kickoff.

Let’s break down the market posture using the Market Forecast technical indicator.

S&P 500: Calm Before the Storm?

The first thing that jumps out from the S&P 500’s Market Forecast charts (see figure 1) is its elevated Market Sentiment (orange). If you look back over the past year, stocks tended to get choppier when the long-term sentiment indicator rose above the 80^th percentile. In fact, notice the intermediate line (green) has already fallen late this month as stocks consolidated in a tight range. Again, you’ll notice periods earlier this year where the intermediate line fluctuated up and down more with Market Sentiment at current levels, rather than maintain a persistent higher position above 80.

  

FIGURE 1: HIGH MARKET SENTIMENT LEVELS.

High levels in Market Sentiment can lead to more up and down moves in the Intermediate line. Image source: the thinkorswim® platform by TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results

What Do These Lines Mean?

As you can see in the Market Forecast chart, there are multiple lines that oscillate within the same parameters but at different speeds. This is one of the benefits of using this particular technical indicator. It provides investors with a multi-timeframe look at the same index at the same time, without having to change the chart settings and flip back and forth. Not only does this help you save time, but it also provides a glimpse at how the lines interact with each other. As most of you may be new to the Market Forecast, let’s chat about what some of these lines mean.

The momentum line (red) is the fastest of the four lines. It can fluctuate day to day. Because of this, it typically doesn’t provide good opportunities for divergences or other common technical patterns. But, since its calculations incorporate the relative size of the day’s range compared to previous days, the momentum line does have value when you see extreme spikes higher or lower, especially when these spikes go against the prevailing trend.

The near-term line (blue) is the second short-term sentiment indicator. It can produce new lows between 1-3 weeks apart. You can see how this could be helpful when looking for short-term bounce opportunities. You’ll also notice the near-term line’s lows in bullish trends tend to form above the 20^th percentile. And, its peaks form at the higher end of the chart. The opposite is true in bearish trends. This can be helpful when looking for signs that trends may be changing. In fact, the near-term line dropped below the 20^th percentile for the first time at the end of August (see figure 2). Its subsequent peak failed to get back to the top of the chart, which confirms the intermediate (green) trend change to bearish for the first time since late June.

 

FIGURE 2: NEAR-TERM LINE SHOWS WEAKNESS.

The Near-term line has been showing bullish highs and lows over the past two months until the end of August. Image source: the thinkorswim® platform by TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.

After five straight months of positive returns, the S&P 500 took a historic breather during August. Over the past few years, stocks have been choppy after the end of summer, before riding a bullish wave into year-end. You can use the Market Forecast technical indicator to help determine a posture for stocks and other asset classes and decide how to position a portfolio accordingly. In upcoming monthly articles, I’ll show you how. In the meantime, check out my daily educational videos on how to apply the Market Forecast by clicking the link below.