GIVING ANY INDICATOR A SIGNAL LINE
Hello Fellow ChartWatchers! One of the big benefits of becoming a StockCharts member is the ability to access additional charting options. Today I want to show you how the "Advanced Options" section of the "Indicators" area allows you to add a "Signal Line" to any technical indicator. A Signal Line is a (typically) short-term moving...
STOCKS INDEXES WEAKEN ON RISING VOLUME
It looks like traders and investors took the "sell in May" mantra seriously this week. Stocks fell sharply after Friday morning's weak April jobs report was released. The worst performance came in the Power Shares QQQ Trust which led the rest of the market lower. Chart 1 shows the QQQ tumbling 2.5% on Friday on...
TIME TO CHERRY PICK
Everything seemed perfectly aligned for the bulls. In March, slowing momentum on the bulls' side was a growing concern, but the consolidation that took place in the latter part of March and throughout April relieved that concern, so technically it appeared the bulls might resume control of the action. Take a look at the negative...
Industrials SPDR Traces Out Head-and-Shoulders Reversal
With a gap down and sharp decline, the Industrials SPDR (XLI) formed a lower high and broke wedge support. But that's not all. The chart below also shows a potential head-and-shoulders pattern taking shape. After hitting a 52-week high in March, the ETF declined all the way back to the early March low in the...
SIX-MONTH SEASONALITY TURNS UNFAVORABLE
May 1 marked the beginning of a 6-month period of unfavorable seasonality. Research published by Yale Hirsch in the Trader's Almanac shows that the market year is broken into two six-month seasonality periods. From May 1 through October 31 seasonality is unfavorable, and the market most often finishes lower than it was at the beginning...
Homepage Stockcharts Alert! $TSX -one-click !
Check this out! I have been looking for a quick view of the $TSX from stockcharts home page for a while. Look what has made it onto the consistently popular list. $TSX.... Nice button for Canadians! Good Trading, Greg Schnell, CMT PS. It would appear when oil couldn't hold its breakout this week, we are...
Sector Carpet Shows a Sea of Red and a Few Stocks Bucking the Trend
Stocks were down sharply in early trading on Friday with the energy sector showing the most red in the Sector Carpet. There are, however, usually a few stocks bucking the trend...
The Vincent van Gogh Trading Toolkit
I spent a couple of hours this past Saturday at the van Gogh exhibit in Philadelphia, and I walked away with a number of confirming insights about successful trading. Vincent van Gogh produced over 2,100 artworks in his brief life of 37 years. From what I saw, his highly recognizable...
How can I drill down into sectors to see the different industry groups and stocks?
The Sector Summary at StockCharts.com provides chartists the means to gauge sector performance and then drill down into their preferred sector. Links to the Sector Summary can be found on the Home page (just under the Today in the Market chart) or on the Free Charts page (in the right navigation under Other Tools). Users...
Rising Wedge Threatens Island Reversal in the Basic Materials SPDR
The Basic Materials SPDR (XLB) reversed higher last week with an island reversal, but stalled over the last 4-5 days and a rising wedge is taking shape. For now, the gap...
Rising Wedge Threatens Island Reversal in the Basic Materials SPDR
The Basic Materials SPDR (XLB) reversed higher last week with an island reversal, but stalled over the last 4-5 days and a rising wedge is taking shape. For now, the gap...
How Do I Share My Charts with Others via Facebook or Twitter?
Posting charts to a social network site is a great way to show others what you have created and a way to show others what you see happening in the market. Below are the steps to help you post charts to Facebook or Twitter. Access The Share Window To get started posting a chart to...
