Trade Ideas from POEMS 2.0
June 5, 2017 | Posted by Honghui Lin
With immediate effect, we have made POEMS ChartWhiz available free-of-charge to all POEMS clients. No fees, no subscription required.
Powered by Recognia’s Technical Insights tool, POEMS ChartWhiz gives you access to technical analysis and fundamental strategies to provide you with actionable trade ideas, idea validation and risk management to complement your trading. With easy-to-use premium analytics tools that caters to both novice and experienced investors, you will be able to shortlist trade ideas and turn them into trading opportunities with minimal effort.
With thousands of financial instruments to choose from, finding relevant trade opportunities can be a challenge. But with POEMS ChartWhiz, you get unbiased, unique, technical and fundamental analysis that will help in your investment and trading decisions. With POEMS ChartWhiz, you can easily navigate to quickly find trade ideas, validate recent trade opportunities and automatically monitor your stocks.
Getting to POEMS ChartWhiz
Method 1: Add ChartWhiz widget
- Click the +New icon to add a new tab
- On the right navigation menu, select ‘Stock’
- Click the ‘ChartWhiz’ widget to add the new workspace
- Read and agree to the disclaimer
From the main landing page, you will see the module ‘Featured Ideas’. Every day, POEMS ChartWhiz automatically identifies up to 10 bullish and bearish stocks with interesting developments based on technical and fundamental analysis and back-tested strategies. Each stock has a dashboard with educational commentary that details why the stock was selected.
Click the chart icon to open up a bigger chart with the latest data where you can see the technical event and the price movement following the event. Scroll through different time periods to explore the data.
Click the information icon to find general company information and a snapshot of fundamental data that indicates how they are doing.
To get more information on the underlying strategy behind the featured stock and to see how that strategy has performed historically, click the back-testing button. Here you will find a list of filters and criteria that make up the strategy, you can also see the results of a mock portfolio showing up to five years of data as if you have traded similar stocks using this strategy.
Use the custom settings to customise these to your style. You can sort and filter your preferences with technical and fundamental categories and criteria. Stay on top of the results by setting up alerts to ensure that you get notified by email or any updates or new ideas.
Interested in what other investors are doing? Look for trade ideas on the home screen below Featured Ideas. You will see the most viewed stocks showing bullish and bearish technical events from the previous week that have been viewed by most people. The Most Followed Instruments shows the stocks that are being followed by most people and whether more people believe it to be bullish or bearish.
The Technical Events Screener is also useful for finding trade ideas. Select a pre-set search from the drop-down menu and then select criteria based on your preferences. You can also set up an alert on your Technical Event Screener criteria.
Featured Ideas with POEMS ChartWhiz make finding trade ideas and new opportunities easier than ever, and with daily featured ideas, you have the ability to customise and back-test the strategies so you can be more confident in all your investment-making decisions.
As the markets shift and securities rise and fall, your portfolio might get out of balance and you may need to make changes to your investments. To ensure you stay on target with your investment goals, it is important you are always aware of where your investments stand. With POEMS ChartWhiz you can automate the monitoring of your investments by setting up alerts to notify you when an event of significance happens to any of your holdings.
Alerts are system-generated emails that notify you when events of significance occur on any of your instruments.
Pre-set alerts are email alerts sent to you automatically by the system a few hours after market close, when events of significance occur. Currently, you can choose to receive pre-set alerts for the following markets:
- Hong Kong
By default, we switch on pre-set alerts for Singapore market for you when you access ChartWhiz for the first time. You can turn it off by clicking on ‘Turn Off Alert’ on the Alerts page.
You may also customise the alerts you receive. On the Alerts page, click ‘+ Add Custom Alert’ and select the type of alerts you wish to receive. You can choose to receive the following types of alerts:
- New OpportunitiesTechnical Event® opportunities across a market or an industry looking for those that match your specific criteria.
- Watch ListsThese alerts watch instruments that you have identified for any Technical Event® opportunities. You may be looking for information to time your entry into an investment that you consider interesting, or you may want to be notified of any adverse moves for investments that are already in your portfolio.
- SymbolsThese alerts have each been set up for a single instrument. All alerts for a given instrument are presented together, so you can see the entire picture of what you are tracking. The following alert types are available:
Technical Event® Opportunity Alerts notify you when events matching the criteria you have specified are found for the given instrument. You may be looking for events that suggest that it is time to enter or exit a position.
Price Threshold Alerts notify you when the price for the given instrument crosses a specific level, either in an upward or downward direction.
- StopsWith stop alerts, you will automatically be notified when you should consider exiting a position due to an adverse price movement (e.g. sell a stock that you hold when the price starts dropping) either to minimize losses or to capture gains that have been made on the position. The significant difference between stop alerts and price threshold alerts is that the system automatically updates the price level for stops each night, whereas other price threshold alerts are set at a fixed price level. The “Symbols” tab includes stop alerts so that you can see all alerts for a given symbol in one place.
POEMS ChartWhiz provides you with unique investment analysis that will help in your investment and trading decisions. The tool is set up so you can easily navigate through to quickly find trade ideas, validate recent trade opportunities, or have it automatically monitor your instruments for you.
Understanding the technical analysis perspective of your instruments and being notified of significant changes are key to making successful investment choices. POEMS ChartWhiz can give you greater confidence and insight in your investment decisions.
Frequently Asked Questions
POEMS ChartWhiz is a stock screening tool powered by Recognia’s Proprietary Algorithm. POEMS ChartWhiz is able to spot trading signals, thus providing indications and information to investors to assist them in making trading decisions.
ChartWhiz allows you to spot investment opportunities through stock screening. With ChartWhiz, you will be able to monitor counters of your interest, spot bullish/ bearish counters and grab hold of trading opportunities.
ChartWhiz scans through all stocks in the 6 exchanges (SGX, KLSE, SEHK, NYSE, NASDAQ and AMEX) to shortlist all the bullish and bearish trading signals of the various counters. This saves stock analysis time and effort for investors, allowing investors to identify trading opportunities with ease.
The stock screening algorithm is written based on the various methods of Technical Analysis. All the counters in the 6 stock exchanges (SGX, KLSE, SEHK, NYSE, NASDAQ and AMEX) will be screened everyday after the market closes. There will be a forecasted movement of prices based on Technical Analysis and it will be highlighted in the program.
ChartWhiz is a trading support tool used to generate trading ideas and should not be taken as investment advice. PSPL and /or Recognia are not making an offer to buy or sell, or a solicitation of an offer to buy or sell the securities of any issuer. Please see disclaimer for full details.
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