Support Levels

Support levels are levels where a declining stock will find bottom and bounce up from. Supports are formed when a stock breaks above resistance and holds above that level: the old resistance then becomes support. Support levels are also formed when a stock spends a lot of time at one level and then breaks upward. The level that the stock spent most of the time at will most likely act as support. Key moving averages, such as the 18, 50, and 200, also act as support. We like to buy stocks as they bounce upward off of support levels and are backed by good money flow and buying.

Surprise

Difference between reported earnings and analysts’ consensus forecasts. It’s a positive surprise if reported earnings exceed forecasts, and a negative surprise when reported earnings come in below forecasts.

Suspended Issue

The status of a listed security of an issuer whose trading privileges have been revoked by the Exchange. All securities of the issuer remain suspended until trading privileges have been reinstated, or the issuer is delisted.

Sweep

Movement of funds from a non interest-bearing account to an interest bearing account.

Symbol Change

A change in a listed issuer’s stock symbol, which may be required by the Exchange in the context of an issuer’s reorganization or may be made at the request of the issuer. A requested symbol is available for use if it is appropriate for the type of security and the issuer’s voting structure.

Technical Analysis

The study and use of price and volume charts and other technical indicators to make trading decisions. Technical analysis attempts to use past stock price and volume information to predict future price movements. Fundamentally, technical analysis shows in graphic form investor sentiment, both greed and fear. Understanding that concept is key to understanding technical analysis and being able to use it effectively to trade securities. With proper technical analysis, you can be ready for certain moves, and when your analysis is confirmed by the actual start of the move, trading positions can be taken. Technical analysis can be used for short-term trading or long-term position buying. We use if for both, and the two are closely related.

Securities Commission

Each province has a securities commission or administrator that oversees the provincial securities act. This act is a set of laws and regulations that set down the rules under which securities may be issued or traded in that province.

Seed Stock

The shares or stock sold by a company to provide start-up capital before carrying out an initial public offering (IPO).