Ah, the morning star. Like its namesake planet Venus, which glows oh so bright in the early-morning eastern sky, the term means that dawn is about to break, the tide is about to turn in our favor, and everything that was dumb is about to be...awesome.
In the financial world, the term “morning star” means something similar. It refers to a security’s downward trend that appears to be ending.
It’s actually a candlestick formation made up of three candles: the first one is tall, the middle one is short with long tails, and the third one is tall and white (or green, depending on whether we’re looking at a black-and-white or color chart). The formation says to us that the market is feeling bullish about this certain security, at least in terms of the last three trading sessions.
Do morning stars mean that the security is most definitely something we should buy right away? Maybe, maybe not. All they really tell us is that there looks to be an upward trend reversal in the security’s price. Morning stars always follow a downward trend, but that doesn’t mean they can’t precede another one.
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Finance: What is Fitch Investors Service...6 Views
Finance a la shmoop what is Fitch investors service? Google, Facebook, Amazon
the big three not least they are this week well for a much longer time Fitch
has been the third leg on the you know stool Moody's supports this leg standard [Fitch, Moody's and S&P shown on a stool]
and poors supports this leg and the big fat guy who sits right here yeah that's
you, you the big fat walletd bond investor who relies on the scores of
rating services in part like these to figure out how much risk premium you
should attach to the bonds you're buying or rather the interest rate rent you
should be charging the issuers for the privilege of renting your money
well distinctively for Fitch's rating service well it's owned mostly by Hurst
yes William Randolph flavored that Hurst you know rosebud [Man whispers rosebud]
yeah well that's William Randolph yeah first big swing and media mogul no other
kind of mogul you know if we lose a million dollars a year we'll have to
shut our doors you know a hundred years yeah that one all right well Fitch's is
a hundred-year-old global firm with feet in london and new york and well pretty
much everywhere people rent money in the form of bonds and after all that time [Fitch's locations appear across the map]
you'd think they could have come up with something a bit more creative than their
bond rating system right here this thing yeah
looks eerily similar to those of Moody's and Standard & Poor's hmm and well had
shmoop owned a bond rating service well we'd have had ratings like this [Shmoop ratings service appears]
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