Lets see what's going on in the Markets TODAY
Using tools like TradingView,
With very little effort, most people can virtually take a quick look at any trading chart and be able to understand the higher level perspective of where the trading equity has been, and up to a certain extend potentially even predict the direction of the price.
An EQUITY, -------> Any tradeable entity like SHARES / CRYPTO / DIVIDENDS / MUTUAL FUNDS / FUTURES / OPTIONS , in almost any part of this planet that is traded on the open markets through brokerage companies.
The best part is..... it is absolutely FREE and EASY in 2 STEPS.
Step 1. In the chart below, Top Left Corner, Click on the Magnifying Glass and Enter company name or traded symbol. Both work.
(Make sure to select the right Filter in Equity Type like Stocks, Funds, Futures, Forex, Crypto, etc or feel free to leave at 'All'.)
Step 2. Select the appropriate timeframe. If you are holding any equity for more than a month, always select the 'Daily' Timeframe and higher like 'Week', 'Month' etc.
The below example is of SPY (S&P 500). This is a LIVE chart and has up to date 'End of Day' data. This is not to be used by Day Traders.
P.S. This page works better in Desktop mode.
This chart is just a sample. It has very limited features.
To access the Full Feature Set along with a Free Trial, Use my Referral Link and Visit TradingView here.
Market Heatmap
The below chart is called a Market Heatmap. A quick glance and you can identify the major players in the US market in the below example, i.e S&P500 market symbol: SPX/SPY. This visualization helps you to make a generalized Market Synopsis at a Daily Level.
SPX / SPY is an US Index Fund or in simple terms, 'A collection of various stocks that make up the US stock market".
The stocks are grouped by Sector and portray the size of the company in relation to that of what makes up the S&P 500.
A market heatmap shows the following information
What all Stocks make up a certain Index?
Which Stock / Industry has gone up / down and by how much %?
Is just one stock going up / down or is the whole sector or even the entire market moving in the same direction.