Imagine trying to arrive at a new destination without a road map (or GPS or Siri). You’ll get lost, stop and ask for directions, and hope you safely arrive before too long.
The same holds true for trading and investing – especially in today’s tough market. If you’re not armed with the right tools, then you’re simply wandering around, completely lost. In all of my years trading, I have tried many different tools and approaches, but there is one system that stands out head-and-shoulders above the rest.
The Chaikin Analytics platform can raise your game to another level. This blog post is just the tip of the iceberg; during our June 25 webinar, we will be joined by the legendary stock trader, analyst and researcher Marc Chaikin, creator of the tools (oscillator, money flow and volume accumulator) that many of us use on a regular basis. Marc will also share some new ideas that will help us all reach that next level. More on that later, but for now let’s talk briefly about the platform.
How Chaikin Analytics works
Basically, you can filter and create custom lists of the stocks whose charts you are most interested in. Each chart is self-explanatory. The top pane tells us a great deal of information at a glance, so there is no need to spend too much time studying (click on the chart at the right to open it up and see for yourself).
This is the chart of recent high-flyer Ambarella (Nasdaq: AMBA), a strong stock in a strong industry. It just backed off to neutral territory, which you can see in the indicators on the bottom (money flow, overbought/oversold). Of note: the money flow went green just as the stock was ready to surge in May. When I penned this article around that time for realmoneypro.com, the stock was about $89, and it subsequently went up to $124 a month later.
Why I use Chaikin Analytics
Chaikin Analytics is a phenomenal learning tool for anyone who wants to dive in deeper to technicals, patterns, trends and fundamentals.
The crispness of the design makes it easy to spot patterns, which is very important – I like them to pop out at me. Additionally, many of the features do the hard work for you, plus, as I mentioned above, you can change the analytics to fit your personal preference. The indicators that you see in the lower pane offer some of the most unique and congruous set of data for a technician. (Personally, I like to see everything line up with price and volume.)
For those who need more analytical help, the hot lists are great tools to find the best trends. In addition, there are videos and tutorials to help you get on your way.
Two of my favorite elements are the Power Gauge Report and Chaikin Insights, which shares Marc’s view on markets and certain stocks that have his attention. In addition, the portfolio health check is a comprehensive look at the portfolio you create and how it is performing relative to the market, with Power Gauge alerts, earnings revisions, surprises and the Chaikin Power Grid. All told, these analytics provide a wealth of data and information that will guide you along the way to making better trade decisions.
Chaikin Analytics really makes my life easier. I need to make quick decisions as an options trader, which means I cannot spend too much time trying to figure out if a pattern is going to work or whether it’s bullish or bearish. I need precise and definitive data, and this platform delivers on all levels.
This was a just a teaser about the analytics platform. If you come to the free, LIVE webinar on June 25 after the market close, you will hear Marc Chaikin and I discuss more features of Chaikin Analytics and how they can help you become a better options trader. Sign up below – don’t miss this IMPORTANT webinar!