Laggard: An industry or company that is under performing the market.
Leader: An industry or company that is outperforming the market.
Limit Order: An order to buy or sell a stock at a specific price. Different from a market order, limit orders might not be filled immediately if the market moves away from the specified price.
Line Chart: Price charts that connect the closing prices of a given market over a span of time that form a curving line on the chart. This type of chart is most useful with overlay or comparison charts that are commonly employed in intermarket analysis.
Linear Regression: The line-of-best-fit for price action. Though the formula is complicated, linear regression is fairly easy to understand. Imagine a scatter plot (dots) for the closing prices of a stock. A linear regression is a line that passes through these points with the best possible fit.
Liquidity: The ease with which a stock may be bought or sold in volume on the marketplace without causing dramatic price fluctuations. A highly liquid stock is characterized by a large volume of trading and a large pool of interested buyers and sellers.
Livestock Commodities Index ($GVX): The Livestock Commodities Index is published by Goldman Sachs, and includes cattle and hogs.
Long-Legged Doji: This candlestick has long upper and lower shadows with the Doji in the middle of the day’s trading range, clearly reflecting the indecision of traders.
