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Change From the Close

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Transcript

This transcript is intended only to assist automated search tools.  This transcript is not a replacement for the auto-visual presentation.  If you are reading this, you have not installed Flash on your computer correctly.

The next field that we're going to look at is one of the most commonly used fields in stock trading.  This is the change from the previous close.  People often call it 'The change', 'the change for the day', or 'up for the day'. We call it, the up for the day filter.

I'm sure you've seen a table like this.  For each stock it shows you the change from the close in dollars, and also in percent.  We also track this data a third way, which shows how big the change looks on a stock chart.

The first thing to notice is that some of these numbers are positive, and some are negative.  Let me sort by the '% Change' field to group those together.  All the positive numbers are stocks which are up for the day.  FAZ is up just over 5% today.  VGK is is down about 2%.  A change of negative two means down by 2%.

The numbers in this table are exactly the same as the numbers you'd put into our filters.  

Let's start with a simple example.  If I only want to see stocks which are up for the day, I'd set a minimum of 0%.  If I only want to see stocks which are down, I'd set a maximum of 0%.  Notice that the minimum field always points up, to more positive numbers.  The maximum field always points down, to more negative numbers.

Let's try something slightly more complicated.  The market as a whole was down a little more than a percent today.  Let's say that I want to see things that did better than average today.  So I'll set my min to -1.15%.  This is a min, so I'll see everything that's doing better than that value.  In a separate window I'll set my max to -1.15%.  Don't let the negative numbers trip you up.  Min always points to the green end, and max always points to the red end.

Of course, you can do even more.  Let's look at stocks that did similar to the market as a whole.  Let's look at stocks in the range of negative 1/2 to negative 1 and 1/2.  Again, don't let the negative numbers trip you up.  'Min' always means 'this and higher'.  'Max' always means 'this and lower'.

What happens if I set the max below the min?  In this case I see everything which was below the max and also everything above the min.  This is the opposite of the previous query.   This shows everything that moved a lot differently than the market as a whole.

I've shown you a few examples, but you can do more on your own.  Click the link on the left to do this yourself.  I'll get you started.  Let's say that you want everything that's down by at least 3% today.  Would that be a minimum of negative 3? Nope. That's exactly the opposite of what I wanted.  Let me try again.  I want everything worse than -3, so let me try the maximum.  That's it!  I got it.

You can try anything, just to see what the results will look like.  This is a powerful tool, so don't be afraid to spend some time investigating it.

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