Glossary

Price movements that fluctuate between highs and lows over a period of time and return to original price levels.

A Broker-Dealer that is prepared to buy and sell a specific stock at any time, on a sustained, consistent basis with a firm ask and bid price.

A trade order that is to be executed immediately at the current market price for a security where execution is more important than price.

A non-profit organization that exclusively provides the Chartered Market Technician (CMT) Program for professionals advancing their study of technical analysis theory and ethical practices within the investment community.

A technical indicator that evaluates momentum by taking advancing issues on a particular exchange and dividing by total issues (advancing and declining), then producing a 10 period Moving Average of the resulting percentage.

An index in which price is determined by the price of individual stocks,weighted for total market value of outstanding shares. Individual stock price fluctuation impacts the overall value of the index.

The date when a financial instrument, insurance policy, loan, or offer becomes due for payment.

Designed by Sherman and Marion McClellan, this technical indicator is applied to the NYSE to evaluate market breadth by analyzing the difference between Advancing and Declining issues.

A Broker-Deaker where at least one of the company’s principals are a member of a clearing house organization, stock exchange, or self-regulating agency.

Stock shares for medim-sized companies with capitalization between $2 and $10 billion.