The Opinions are typically correct about 70% of the time with the winners outperforming the losers by a 3:1 ratio. Market Edge provides a Status Report which updates the performance of these Opinions on a daily basis.
What is Market Edge Second Opinion Weekly?
Market Edge® is a third-party web site that opens in a new browser window and provides users with the Second Opinion® Weekly report. The report contains analysis and opinions on individual stocks, including price and volume analysis, moving average and technical analysis, as well as a recommendation for action.
What does the market edge rating mean?
The Score identifies the level of market risk (low, moderate or high) to a single number for interpretation purposes. Scores range from 0 to -4 for Longs, attempting to show levels of technical deterioration and guiding you to an exit point.
What does it mean when market edge Says Avoid?
Whether you are a fundamentalist or a technician, Market Edge is best used as a "Second Opinion" to your own investment information and biases. ... If the opinion is an "avoid, the stock is out of favor and not likely to rise in price.
How reliable is Market Edge?
The model is updated on a weekly basis and has a record dating back to 1974 of accurately forecasting the Dow with better than an 80% accuracy. More recently, while the Dow was down three of the four years ranging from 2000 to 2003, timing the market with the Market Edge long/short approach produced a gain each year.
How often is Market Edge correct?
The model is updated on a weekly basis. Typically, the model will reverse its posture 2-3 times per year. By staying on the right side of the market, you will be long stocks when conditions are favorable and out of the market during times of uncertainty.
What do Market Edge scores mean?
The score component is one of the key features of Market Edge's opinions. Scores range from 0 to -4 for "Longs", indicating levels of deterioration and guiding you to an exit point. Scores of -3 and -4 indicate a stock that is breaking down and in trouble.
What is Schwab Market Edge Second Opinion?
Second Opinion generates Opinions, LONG (Buy), NEUTRAL or AVOID, for every stock in the Market Edge universe on a daily basis. These Opinions have an historical accuracy rate of over 70 percent with the winners typically outperforming the losers by a 3:1 ratio.
What is a good market edge power rating?
Power Ratings vary between -60 and +100. Plus 60 and higher is regarded as Bullish and will trigger a Long Opinion, while readings of -27 and lower will generate an Avoid Opinion. As the Power Rating crosses zero from either side, a Neutral Opinion is generated. A Long rating is a recommendation to Buy.
What is Market Edge daily?
MarketEdge® provides finished technical research daily on over 3400 Stocks and ETFs to help you make better trades. Trusted by top investment firms since 1992, our award winning Second Opinion® takes the complexity out of professional technical analysis and boils it down to a simple Long/Neutral/Avoid opinion. Previous.