John J. Murphy is an American financial market analyst, and is considered a proponent of inter-market technical analysis, a field pioneered by Michael E.S. Gayed in his 1990 book. [1] He has authored several books including Technical Analysis of the Futures Markets. [2] He later revised and broadened this book into Technical Analysis of the Financial Markets. [3]
After having graduated in the late 1960s with a liberal arts degree, Murphy searched for a position in a Wall Street firm. His first job was with CIT Financial Corporation, where he worked as an assistant to the portfolio manager and charted stocks. In the early 1970s, he worked for Merrill Lynch in their commodity department where he, later on, was promoted to the post of director of technical analysis. In the 1980s, Murphy started off on his own working as a consultant and teaching evening courses at the New York Institute of Finance. During his time as a teacher, he also wrote his very first book named Technical Analysis of the Financial Markets. [4]
Technical Analysis of the Futures Markets is regarded as a standard reference of technical analysis and is still popular today. [5] Intermarket Analysis: Profiting From Global Market Relationships was a primary source for the Chartered Market Technicians Association Chartered Market Technician Level 3 exam. [6]
He emphasizes the use of exchange-traded funds (ETFs) to implement asset allocation and sector rotation strategies as well as global trading. He is Chief Technical Analyst, at StockCharts.com. [7] [8] His investment opinion has appeared in Barron's. [9]
He has appeared on Bloomberg TV, [10] CNN Moneyline, Nightly Business Report, [11] Wall Street Week with Louis Rukeyser [1] and 7 years on CNBC. [3] [12]
Fundamental analysis, in accounting and finance, is the analysis of a business's financial statements ; health; and competitors and markets. It also considers the overall state of the economy and factors including interest rates, production, earnings, employment, GDP, housing, manufacturing and management. There are two basic approaches that can be used: bottom up analysis and top down analysis. These terms are used to distinguish such analysis from other types of investment analysis, such as quantitative and technical.
A chartist is one who utilizes charts to assess patterns of activity that might be helpful in making predictions. Most commonly, chartists use technical analysis in the financial world to evaluate financial securities. For example, a chartist may plot past values of stock prices in an attempt to denote a trend from which he or she might infer future stock prices. The chartist's philosophy is that "history repeats itself". Technical analysis assumes that a stock's price reflects all that is known about a company at any given point in time.
In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume. As a type of active management, it stands in contradiction to much of modern portfolio theory. The efficacy of technical analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable, and research on whether technical analysis offers any benefit has produced mixed results. It is distinguished from fundamental analysis, which considers a company's financial statements, health, and the overall state of the market and economy.
The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute to investment and financial professionals. The program teaches a wide range of subjects relating to advanced investment analysis—including security analysis, statistics, probability theory, fixed income, derivatives, economics, financial analysis, corporate finance, alternative investments, portfolio management—and provides a generalist knowledge of other areas of finance.
Bollinger Bands are a type of statistical chart characterizing the prices and volatility over time of a financial instrument or commodity, using a formulaic method propounded by John Bollinger in the 1980s. Financial traders employ these charts as a methodical tool to inform trading decisions, control automated trading systems, or as a component of technical analysis. Bollinger Bands display a graphical band and volatility in one two-dimensional chart.
The hikkake pattern, or hikkake, is a technical analysis pattern used for determining market turning-points and continuations. It is a simple pattern that can be observed in market price data, using traditional bar charts, point and figure charts, or Japanese candlestick charts. The pattern does not belong to the collection of traditional candlestick chart patterns.
Technical Analysis of Stocks & Commodities is an American, Seattle-based monthly magazine about commodity futures contracts, stocks, options, derivatives, and forex.
George Lane was a securities trader, author, educator, speaker and technical analyst. He was part of a group of futures traders in Chicago who developed the stochastic oscillator, which is one of the core indicators used today among technical analysts. Lane was also President of Investment Educators Inc. in Watseka, Illinois, where he taught investors and financial professionals basic and advanced technical analysis methods. He popularized the stochastic oscillator.
Linda Bradford Raschke (/'ræʃki/) is an American financier, operating mostly as a commodities and futures trader.
Robert R. Prechter Jr. is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and his book Conquer the Crash was a New York Times bestseller in 2002. He also has published monthly financial commentary in the newsletter The Elliott Wave Theorist since 1979, and is the founder of Elliott Wave International and New Classics Library. Prechter served on the board of the CMT Association for nine years, and as its president in 1990–91. He has been a member of Mensa and Intertel. In recent years Prechter has supported the study of socionomics, a theory about human social behavior.
MetaStock is a proprietary computer program originally released by Computer Asset Management in 1985. It is used for charting and technical analysis of stock prices. It has both real-time and end-of-day versions. MetaStock is a product of Innovative Market Analysis.
Louis B. Mendelsohn is chairman and chief executive officer of Vantagepoint ai, LLC which he founded in 1979 to develop technical analysis trading software for self-directed traders. His work primarily deals in Artificial Intelligence and Intermarket Analysis to the financial markets.
William Delbert Gann or WD Gann, was a finance trader who developed the technical analysis methods like the Gann angles and the Master Charts, where the latter is a collective name for his various tools like the Spiral Chart, the Hexagon Chart, and the Circle of 360. Gann's market forecasting methods are purportedly based on geometry, astronomy, astrology, time cycle analysis and ancient mathematics. Opinions are sharply divided on the value and relevance of his work. Gann authored a number of books and courses on shares and commodities trading.
John A. Bollinger is an American author, financial analyst, contributor to the field of technical analysis and the developer of Bollinger Bands. His book Bollinger on Bollinger Bands (2001), has been translated into eleven languages. Since 1987, he has published the Capital Growth Letter, a newsletter which provides technical analysis of the financial markets.
Carter Braxton Worth is an American financial analyst and stock market strategist. Each year since 2008, he has appeared on institutional investor's All America Research Team, ranked as one of the Top 3 technical analysts on Wall Street. Carter is married to Andrée Jill Finkle.
In finance, intermarket analysis refers to the study of how "different sectors of the market move in relationships with other sectors." Technical analyst John J. Murphy pioneered this field.
Perry J. Kaufman is an American systematic trader, rocket scientist, index developer, and quantitative financial theorist. He is considered a leading expert in the development of fully algorithmic trading programs.
Anne-Marie Baiynd is an American author, financial analyst, technical analyst. Baiynd published her Market Positioning System (MPS) in 2011 to educate beginning day traders on the tools and techniques that have her listed in Traders at Work: World's Most Successful Traders Make Their Living in the Markets. Baiynd runs a day trading room where subscribers can follow her trades online and provides swing trading set-ups as well as trading education through her web site.
Brian Shannon, CMT is an American writer, equity trader, technical analyst, author of the beginner's trading book Technical Analysis Using Multiple Timeframes, and best-selleing book Maximum Trading Gains with Anchored VWAP, and founder of Alphatrends.net, a stock trading education company.
Jason Goepfert is an American researcher and columnist focused on the development of behavioral finance. Prior to founding Sundial Capital Research, he was the manager of back office operations for Deephaven Capital Management, a Minnesota-based hedge fund, and Wells Fargo's online brokerage unit.