Key to Float Charts™ Central Hub Page

Key to Understanding the Float Charts™ Central Hub Page

Float Central Hub – Whenever you log into our site you automatically arrive at the
Float Central Central Hub Page.  At the top it says "Welcome to Float Charts Central"
This is the command center for all of our products and services.  To get to it from
any page in the system just click on the words Float Central Hub  found near the
upper right hand corner of every page.

Current Bull Bear Float Rank - Just under the words "Welcome to Float Charts 
Central!" is the current end of day Bull Bear Float Rank number. To learn more about
this indicator see Bull Bear Float Rank below. 

Get A Float Chart – Enter a stock symbol and a daily Float Chart will be plotted. 
Above the chart are the words "Daily Weekly Monthly" Click on any one of these and 
you will get a chart in that particular time frame.

The Float Central Hub Page is Divided Into Two Categories--the Silver and the Gold.
Silver members have access to only those functions in the Silver Column. 
Gold members have access to both Silver and Gold columns.

The Silver Column's Ten Functions:

Bull Bear Float Rank - The purpose of this indicator is to help the user identify broad 
market bottoms and tops. The Bull Bear Float Rank number is plotted on a scale 
between 1 and 100 and is generated at the close of every market day and is plotted 
on a chart at the close of every week. To get the daily number, we add up the 
individual Float Ranks (see definition below) of all the stocks in the broad market. We 
then divide the sum by the total number of stocks in the data base universe and get
an average float ranking. This average float ranking of all the stocks in the Float Charts
universe is the Bull Bear Float Rank. The broad market repeats itself, alternating between 
bottoms and tops which is known as the Stock Market's Trading Cycle or Intermediate
Tops and Bottom.   Bottoms are characterized by William O'Neil follow-through days
and tops are characterized by distribution days.  The Bull Bear Float Rank adds clarity
to this Trading Cycle.  Typically tops come in with readings above 60 and bottoms
come in with readings below 40.

Daily Breakouts - Contains stocks that are breaking out above a descending top float 
channel line for the first time in at least one complete float turnover on their daily chart.
Breakouts are easily identified because the top float channel line will always be
headed lower in its recent past. The top float channel line may have flattened out
when making a bottom but it will have been heading lower before this.  The closing
price on breakout days may or may not close above the top float channel line that is
being penetrated.

% Avg Vol - allows the user to isolate those stocks that are breaking out on heavy 
volume. It measures the % change between the volume on the day or week of the 
breakout and its average trading volume for the last 50 bars on the chart.

Float - the actual number of shares in the stocks floating supply.

Float Days - This column tells you the size of the float box in number of days. 
KMart Inc. (KMRT) currently has a float box that is 10 days in length thus its Float 
Days is 10.

Float Rank – ranks the stock's price in relation to its current float turnover price 
trading range. The ranking is from 1 to 100. For example, if a stock’s current price is 
$25 and its float turnover price range has a high of $30 and a low of $20. Its float 
rank would then be 50 because its price is half way between $30 and $20. If the 
price was $30 then it would receive a ranking of 100 and if its price was $20 then 
it would be ranked a 1. Stocks with high float ranks will be the leaders in a bull 
market as their price is always near the top of the float turnover range. Stocks with 
low float ranks will be the laggards in a bull market as their price is always near the 
bottom of their float turnover range.  Clicking on the word ‘Float Rank’ will result in a 
listing that is either in ascending or descending order. 

Daily Breakdowns - Contains stocks that are breaking down below their bottom float 
channel line for the first time in more than one float turnover on their daily chart. 
Breakdowns are easily identified because the bottom float channel line will always be 
headed higher in its recent past. The bottom float channel line may have flattened out 
when making a top but it will have been heading higher before this.  The closing price 
on breakdown days may or may not close below the bottom float channel line that is 
being penetrated.  Float Chart analysis is counter-intuitive.  When thinking of a
Breakdown, most people think that this means the stock is headed lower and many
times that is exactly what happens.  BUT actually the lower float channel line should
be thought of first and foremost as a line of support from which stocks often bounce
higher.  Indeed many of the biggest winners start off as stocks that hit the lower
float channel line in a deceptive sell off and then turn around gap higher and make
huge runs to the upside.  Learn more about this at the page Support at the Lower
Float Line.  And study examples of this type of formation at our Archives.  The daily
breakdown list is one the greatest values of a Silver subscription because big
winners show up there.  They're the ones that are moving higher not lower.

Weekly Breakouts and Breakdowns - These have all the same characteristics of the 
daily breakouts and breakdowns except that a weekly chart is used to generate the 
signal. It is quite possible for a stock to show up on the daily breakout or the daily 
breakdown list and not show up on the weekly breakout or weekly breakdown list. 
The reason for this is that the cumulative backward count on weekly charts often 
goes to a bar in the past with heavy volume. The back end of the float box will stay 
at this bar on the chart until enough volume in the current weeks on the right side of 
box adds enough volume into the count to move the back end of the box to the right 
of the big volume bar.

Daily Breakouts of the Last 60 Days - This is an archive of the stocks that have 
broken out during the last 60 trading days.

Daily Breakdowns of the Last 60 Days - This is an archive of the stocks that have 
broken down during the last 60 trading days. 

Weekly Breakouts of the Last 12 Weeks - This is an archive of the stocks that have 
broken out during the last 12 weeks.

Weekly Breakdowns of the Last 12 Weeks - This is an archive of the stocks that 
have broken down during the last 12 weeks. 


The  Gold Column's Ten Functions

Steve's Commentary Archives - This contains a collection of recent Stock Alerts and 
Newsletters that Steve has written.

Sector Scans - This function allows the user to determine which sectors are leading 
the market and may be approaching a top and which sectors are lagging the market 
and may be approaching a bottom. There are 26 sectors that can be quickly scanned. 
Click on any sector and a table with the stocks that are tracked in that sector will 
appear. Each sector is given a Float Rank Number which is an average of all the float 
ranks within the group. This is created in much the same way as the Bull Bear Float 
Rank. Whereas the Bull Bear Float Rank creates a ranking for the entire broad 
market of stocks, the Sector Float Rank is a ranking for just the stocks listed in each 
sector. Click on "Avg Float Rank" and the 26 sectors will be ranked from highest to 
lowest. Click again and they will be ranked from lowest to highest.  Leading sectors 
will have the highest float rank numbers. Lagging sectors will have the lowest float 
rank numbers.

Sector Float Rank Charts - Each sector's float rank is tracked on a chart and can be 
accessed by clicking on the small chart symbol next to the word "Symbol Stats"

Float Turnover Scans - This allows the user to find those stocks that are turning 
over at varying number of days. For example click on "1 - 10" and you will get a 
table of stocks that have Float Days that vary in length between 1 and 10 days. 
Generally speaking the smaller the number the more volatile and the more risk 
involved in the stock. Companies like General Electric (GE) with big floats that 
take months or years for one turnover to occur, can be thought of as big lumbering 
elephants, whereas stocks like Taser Inc. (TASR) that have small floats that turn 
over every couple of days can be thought of as buzzing insects.

Today's ABC Float Set Ups LONG - This is our premier proprietary product. It is 
based on the simplest of all approaches to stock price behavior. Stocks don't just 
go straight up. They go up, pull back down and then move up again. This up, down, 
up price behavior is stated in wave theory as an ABC LONG. The A wave is up. The B 
wave goes down. The C wave goes back up again. We're always looking for stocks 
that have strong volume A wave up moves followed by low volume retracement B 
waves. The idea is to buy the stock at the beginning of the C wave. Thus you'll be 
buying a proven strong stock that has a high likelihood of going higher. It will also 
allow you to get into stocks before the breakout above the A/B wave peak. 
Throughout the night our computers are busy crunching end of day numbers to find 
those stocks that have corrected down from a previous high and are finding support 
at or near its 50% float channel line and beginning to bounce higher. The bounce 
often occurs right at the 50% line but also can occur below it. I personally like those 
that bounce right at the line.

Float Days - This column tells you the size of the float box in number of days.  KMart 
Inc. (KMRT) currently has a float box that is 10 days in length thus its Float Days is 10.

# Bars Since Price - This column allows you to isolate those stocks that are near 
all time trading highs. It references the number of bars to the left of the A/B wave 
peak to any bars in the stocks trading past. Thus if the "# Bars Since Price" number 
is zero there is nothing in the stocks trading history higher than the top of the A/B 
wave peak. By clicking on "# Bars Since Price" the column can be sorted such that 
all zeroes are at the top. These stocks can then be researched further for strong 
fundamentals (revenue, earnings, and profit margin growth).  Stocks with high 
"# Bars Since Price" have trading histories on the left of their chart that may 
represent resistance in the form of overhead supply. 

Today's ABC Float Set Ups SHORT - This also is a premier proprietary product. It is 
also based on the simplest of all approaches to stock price behavior. Stocks don't 
just go straight down. They go down, pull back up and then move down again. This 
down, up, down price behavior is stated in wave theory as an ABC SHORT. The A 
wave is down. The B wave goes back up. The C wave goes back down again. We're 
always looking for stocks that have strong volume A wave down moves followed by 
low volume retracement B waves moving up. The idea is to sell short a stock at the 
beginning of the C wave. Thus you'll be going short a proven weak stock that has 
a high likelihood of going lower. It will also allow you to get into stocks before they 
collapse and breakdown below the A/B wave trough. Throughout the night our 
computers are busy crunching end of day numbers to find those stocks that have 
retraced up a previous low and are finding resistance at or near its 50% float 
channel line and beginning to drop lower. The drop often occurs right at the 50% 
line but also can occur slightly above it.

Weekly ABC Float Set Ups LONG - These have all the same characteristics of the 
daily ABC Float Set Ups LONG except that a weekly chart is used to generate the 
signal. Some stocks will show up on both daily and weekly charts and some will only 
show up on one list or the other. Stocks that show up first on the daily charts and 
then show up on the weekly charts are showing strength.

Weekly ABC Float Set Ups SHORT - These have all the same characteristics of the 
daily ABC Float Set Ups SHORT except that a weekly chart is used to generate the 
signal.

Daily LONG ABC Float Set Ups of the Last 60 Days - This is an archive of the stocks 
that have broken out during the last 60 trading days with percentage change numbers 
from the day an alert was given.

Daily SHORT ABC Float Set Ups of the Last 60 Days - This is an archive of the stocks 
that have broken down during the last 60 trading days with percentage change 
numbers from the day an alert was given. 

Weekly LONG ABC Float Set Ups of the Last 12 Weeks - This is an archive of the 
stocks that have broken out during the last 60 trading days with percentage change 
numbers from the day an alert was given.

Weekly SHORT ABC Float Set Ups of the Last 12 Weeks - This is an archive of the 
stocks that have broken down during the last 60 trading days with percentage change 
numbers from the day an alert was given.