Glossary

The practice of fund managers to construct a fund portfolio comprised of nearly the same securities as its benchmark index, to achieve performance similar to the benchmark index. 

Short term debt instrument secured by stocks or bonds that is held by a trustee for the holders of the bond.

A commodity is any good that is identical from any producer, where producers engage in price competition. They are used in the production of other goods or services.

A momentum oscillator designed by Donald Lambert that identifies cycle turns in commodities markets.

Currencies from countries that possess large quantities of natural resources, where their economies are directly correlated to the export of these natural resources — Canada, New Zealand and Australia.

Is a financial instrument issued by a company representing partial ownership of that company. The holder is given voting privileges on corporate strategy and board of directors.

Where different companies are asked to competiitively bid for a contract, especially for government or local government work.

A neutral options trading strategy similar to a Butterfly Spread, comprised of four contracts, each transacted at different strike prices with the same expiration date. 

A period of time where a security trades below Resistance or above Support.

A statistical measure of retail price changes, derived from a weighted average of prices for segments of consumer goods and services such as healthcare, transportation, and food.