Page 501 - How to Make Money in Stocks Trilogy

How I Use IBD to Find Potential Winning Stocks 371

utes each day or you’re investing full-time, you can develop an effective
routine that fits your schedule using the tools and features found on
Investors.com.
We discussed the ways Investor’s Business Daily starts the research
process with an efficient assessment of the market, industry groups, and
stocks. Here are some additional ways to dig deeper in your research with
IBD’s specially designed screening tools and charts.
If you’re reading this book to hone your investing skills, going through
these tools in the following manner will help you develop an easy daily sys-
tem for reviewing the market, top industries, and, finally, the top stocks.
The IBD Stock Research Tool on the home page of Investors.com is
structured to let you do just that from one central location. As you can see
from the graphic on this tool, you can use it to follow “Market Direction”
and to “Find,” “Evaluate,” and “Track” leading stocks. Following this
approach will help you find the best stocks, will let you know the right time
to buy and sell, and could materially improve your results.
The key is to take some time to become familiar with the investing tools
and features on Investors.com. The CAN SLIM chapters in this book will
help you understand the rationale for IBD’s investing tools, which are pro-
grammed to search for companies with the performance characteristics typ-
ical of emerging stock market winners.

Market Direction
As discussed, three out of four stocks usually follow the overall market
trend, whether it’s up or down. That’s why it’s critical for you to learn to fol-
low, not fight, the market. Within the “Market Direction” tab, you’ll find
links to features that will help you do just that.
Start by taking another look at the “The Big Picture” and “Market Pulse”
to see what stage the market is currently in. You can also click on the
“Indexes” link to view the latest charts for each of the major indexes. The
charts are updated throughout the trading day with a 20-minute delay.
For timely analysis of the market action as it happens, read the “Markets
Update,” featuring intraday reports. You’ll find concise insights that put the
day’s events into perspective, plus highlights of leading stocks making a big
move.

IBD TV: “Market Wrap” Regularly watching the IBD “Market Wrap” video is a good
way to stay on top of the market and improve your analytical skills. Available
hours after the close each trading day, this short video uses charts to visually
show you how the market and leading stocks are acting, and what trends
and potential buy points to look out for.