It is rare that a book can be republished every year and yet be an indispensable addition to every investor’s library. The Stock Trader’s Almanac by Jeffrey and Yale Hirsh is such a book. The wealth of information presented on market patterns and tendencies in the market presents a variety of facts and figures that are important to all investors.
The Stock Trader’s Almanac can serve as a calendar for 2010 and is presented in a calendar format. This makes it a perfect Christmas gift for anyone interested in the markets.
The widely followed January Barometer is a must read and a must understand for all. The year 2010 will present us with a Midterm Election and Hirsch’s coverage will be followed by many.
The comparison of our recent financial crisis to eleven other financial crises since 1900 is fascinating reading. Every Month starts out with a summary of facts about that month’s trading. It is followed by Vital Statistics for the month that prepares you for what may happen again. If you get your copy before Christmas, you will learn and understand what a “Santa Claus Rally” is all about. The stock market makes almost all its gain over a specific 6 month period. This information alone is worth the price of the book or calendar. What about President’s Day? You will want to know ahead of time what history has shown. Gerald Appel made the MACD indicator a standard in every trader’s technical analysis software toolkit. Wouldn’t it be nice to learn a market timing strategy for this indicator? The Hirsch’s give you some very interesting strategies for use with the indicator. Are you interested in what month of the quarter has the greatest gains? Once again all the details are presented in the book.
Where do you find not only the best 10 days by percentage and points for the DOW, S&P 500, Nasdaq and Russell indexes? Right here in the Stock Trader’s Almanac.
There is even a daily market probability calendar. No gambling, please.
I could go on and on with examples of the wealth of the information contained in this publication. Each day of the year, each month of the year is packed with information and research. Their free newsletter is a great companion to the book/calendar and will update you on additional information throughout the year.
This is one book that is great to own and great to give. The recipient will think of you every day as they use this valuable investor’s companion.
Reviewed by Mark Seleznov mark@seleznovcapitaladvisors.com
