**Glossary ( A-C )( D-F )( G-J )( K-M )( N-S )( T-Z )****Naked Put**- The writer of a put option contract who is not short the underlying security.
**Narrow Range Day**- A trading day with a smaller price range relative to the previous day’s price range.
*National Association of Investors Corporation*- Also known as the National Association of Investment Clubs.
**Near-Month Contract/Far-Month Contract**- Contract whose expiration is near/far.
**Near-the-Money**- An option with a strike price close to the current price of the underlying tradable.
**Neckline**

*Negative Amortization*

**Negative Divergence**

**Net Asset Value**

**Neural Network**

*No-Action Letter*

**No-Load**

**Noise**

**Noisy Signal**

**Nonlinear Dynamics Analysis**

**Nonlinear Statistics**

**Non-Seasonal Autocorrelation**

**Non-Trend Day**

**Normal Distribution**

**Normalized**

**Notice Day**

**Null Hypothesis**

**Observer**

**OBV***See*On-Balance Volume.

**Odd Lot**

*Off Farm*

*On Farm*

**On-Balance Volume**

**One-Tailed T-Test***t*, equal to the difference between the mean of the sample and the mean of the population divided by a result obtained by dividing the standard deviation of the sample by the square root of the number of individuals in the sample.

*OPEC*The first price of a stock that comes across the ticker for the session.

**Open Trades**

**Open TRIN***n*-day open TRIN =

**Opening Call**

**Opening Range**

**Opportunity Costs**

*Optimization*

*Option*

*Optional Cash Purchase*

**Order**

**Oscillator**

**Out-of-Sample**

**Out-of-the-Money**

*Out Trade*

**Outdata**

**Outlier**

**Outside Reversal Month**

**Overbought**

**Overfitting**

**Overfitting**

*Overshoot*

**Oversold**

**Overbought/Oversold Indicator**

**Par**

**Parabola**

**Parabolic**

**Parameter**

**Pareto’s Law**

**PASCAL**

*Pennants*

**Percentile**

**Perceptron**

*Pessimistic Rate of Return*

**Phase Delay**

*Phasor*

*Pivot Point*

**Point and Figure Chart***box size*. Typically, a three-box reversal indicates a change in the direction of prices.

*Position Management Ratio*

**Premium**

**Preprocessing**

**Prewhitening**

**Price/Earnings Ratio**

**Price to Sales Ratio**

**Probability Density Function**

**Profit Margin Expansion**

*Profit Taking*

**Program Trading**

*Prospectus*

**Put Option**

**Pyramid**

**Quarterly Earnings Change**

**Quarterly Net Profit Margin**

**Quick Ratio**

**Quotron**

**R-squared**

**Rally Tops**

**Random Shock**

**Random Walk**

**Range**

**Range Extension**

**Rate of Change***n*days ago. Multiply by 100. Subtract 100 from this value. ((C today/Cn) * 100) – 100.

**Ratio**

**RBAR-squared**

**Reaction**

*Realized/Unrealized P/L*

*Rectangle*

**Recursive**

**Regression (simple)**

*Relative Return*

*Relative Return Standard Deviation*

**Relative Strength**

**Relative Strength Index**

*Renko*

*Representativeness*

**Residual Value**

**Resistance**

*Resistance Line*

**Response**

*Resting Order*

*Retention Rate*

**Retracement**

**Return on Assets**

**Return on Equity**

*Reverse Exponential Moving Average*

**Reward-Risk Ratio**

**Reward-Risk Rank**

**Reversal Gap**

**Reversal Stop***stop and reverse*.

**Rich**

**Risk (Implied)**

*Risk-Adjusted Return on Capital (RAROC)*

**Roll**

**Root Mean Square Percentage Error**

**Rotation**

*Roth IRA*

**Running Market**

**Running Total**

*Sales Growth*

*Sales Load*

**Saucer Base**

**Savings and Loan Investment Contracts (SLICs)**

*Scallop*

**Scalp**

**Schwarz-a-tron**

**Seasonal Autocorrelation**

**Seasonal Trend**

**Seasonality**

**Sector Fund**

*Sector Rotation*

**Secular Trend**

*Security Selection Ratio*

**Seed**

*SelectNet*

**Self-Affine Transformation**

**Selling Short**

**Semilog**

**Sensitivity**

**Serial Correlation**

**Serially Independent**

**Settlement**

**Shapiro-Wilkes Test**

*Shareholder of Record*

**Sharpe Ratio Method***Also see*Sterling ratio method) The Sharpe Ratio Method is the classic return/risk measure, given by:

where:

E = Expected return

I = Risk-free interest rate

sd = Standard deviation of returns

Both the Sharpe and the Sterling ratio methods compare returns with variability of returns, as opposed to risk of loss of original investment.

**Shaved Candlestick**

**Short Interest**

**Short Interest Ratio**

**Signal**

**Signal Line**

*Signature Medallion Guaranty*

**Significance**

**Simple Moving Average**

**Simple Regression**

**Sinewave**

**Skew**

**Slippage**

**SMA***See*Simple Moving Average.

*Small Order Execution System (SOES)*

**Smoothing**

**Specialist**

**Specify**

**Spectrum**

**Spike**

**Spline**

**Spot Month***front month*.

**Spot Prices**

**Spread**

**Spread Rolls**

**Spring**

**Spring**

**Stair-stepping**

**Standard Deviation**

**Standard Error of the Estimate (SEE)**

**Standardized Unanticipated Earnings**

**Stationarity**

**Stationary Time Series**

**Step Function**

*Stepwise Regression*

**Sterling Ratio Method**where:

T = Three-year average annual return

AM = Three-year average maximum annual drawdown. Both Sharpe and Sterling ratio methods compare returns with variability of returns, as opposed to risk of loss of original investment.

**Stochastic**

**Stochastics Oscillator**

**Stock Index Futures**

**Stop and Reverse (SAR)***reversal stop*.

**Stop Loss**

*Stop-Running*

**Stops**

**Straddle**

**Strange Attractor**

**Strangle**

*Street Name*

**Strike Price***exercise price*.

**Strips**

**Struck**

**Student**

**Sum of Squared Residuals (SSR)**

*SuperDot*

**Support**

*Support Line*

**Swaps**

**Swing Chart**

**Swings**

**Synergistic Market Analysis***synergistic analysis*. An analytical method that merges technical and fundamental analysis with an emphasis on intermarket analysis.

**Synthetic Securities**