One of the many new features in the new TradingMarkets Analytics section is our Symbol Detail page. On the Symbol Detail Page you can receive live readings on ConnorsRSI which allows you to see how overbought or oversold a stock or ETF is at that moment.
Another great feature can be found here by doing the following:
1. Go to the Analytics Section at http://analytics.tradingmarkets.com/
2. Type in a symbol
3. Scroll down and you’re able to see the dollar return of the stock (or ETF) over the past 3 month, 6 month, 1 year, 2 year, 3 year, and 5 year period of time.
For example, type in VXX. Then click 5 years. You will see that VXX started trading in January 2009. A $10,000 investment in VXX would today be worth $126 (many of you who have taken our courses saw this coming a long time ago).
A more upbeat picture can been seen in Google.
1. Go to the top of the page type in GOOG in the quote box.
2. An investment made three months ago is now up almost 20%. One made 5 years ago is now up over 75%. And that includes most of the bear market of 2008!
Now scroll down further. You can see the monthly returns of Google all the way back from its first day of trading.
The advantage of looking at the monthly returns of a stock is to give you a good long term historical view of the stocks volatility. The best example of seeing this in action is with Apple (AAPL). Great company? Yes. Safe stock? Not a chance. Down 34% in 2002. Down 56% in 2008 (!). And down 20% so far this year. Few people realize or know this.
The Symbol Detail Page within TradingMarkets Analytics is a great place to get your live overbought and oversold readings during the day along with the historical returns on stocks. As we move ahead, I’ll show you additional features we’ve built into this.
Also, look out for the new TradingMarkets website coming later this month. Not only is it redesigned for you, it’s going to include “how to” articles from some of the best and brightest traders in the business for you to learn from.