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THE NEW TRADING OF A LIVING- GENERAL MARKET INDICATORS

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THE NEW TRADING OF A LIVING



GENERAL MARKET INDICATORS
You can use technical indicators to analyze any trading vehicle: a stock, a future, an index, etc. Such tools as moving averages, MACD, Force index, and others, can provide signals for any ticker in any timeframe. Now we turn to a different group of tools: general market indicators, which analyze the entire market rather than any specific stock. They are worth following because general market trends are responsible for as much as half the movement in individual stocks.
While there are dozens of general market indicators, this is not an encyclopedic review—I’ll simply share the tools that help me trade. You may use the same or different tools—select those that appeal to you and test them on your market data. We can trust only those indicators that we have tested.
The New High–New Low Index
Stocks that reach their highest level in a year on any given day are the leaders in strength. Stocks that fall to their lowest point for that year on …