Bearish Divergence

Occuring within a bear market cycle, two technical indicators are moving in opposing directions signaling an approaching change in trend.

Bearish Engulfing Pattern

A Candlestick price chart pattern where a large black candlestick fully engulfs a small white candlestick appearing just prior.

Benchmark Index

Market indexes such as the Dow Jones Industrial Average, the S&P 500, or the Russell 2000 are used for comparison purposes by Portfolio Managers to evaluate portfolio performance.


Beta measures the volatility of a stock’s return relative to the S&P 500. A higher beta value represents a higher probability of risk.


Is the price in a given market for which an asset may be sold (conversely, it is also the price at which it may be bought). The bid price is usually displayed with the amount of the asset which the buyer is prepared to buy.

Big Figure

Refers to the first 3 digits of a currency quote.

Binomial Model

An options valuation method that designates specific points in time within the time span of the valuation date to expiration. 

Black Box

A self-contained trading system comprised of model-based formulas that are not revealed to the trader/user.


Designates more than 10,000 shares traded in a single transaction and is mostly attributed to institutional investors.

Block Trade

A large amount of stocks or bonds (at least 10,000 shares) traded in a single transaction.


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