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- Last Update: 20 August 2018, 15:12
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Categories:Trend Analysis
ETFs
Support / Resistance Lines
17 Aug- Market Strength: Bullish Edge. See Charts 0500 to 0620 (Summary: Chart 0002)
17 Aug- Updated ALL Weekly Charts; Early Warning Rating Summary Published to Chart 0001
16 Aug- Strong Rebound Underway - Updated All Early Warning Daily Non-Leveraged ETF Charts
15 Aug- S&P 500 not far from its All Time High! Updated Early Warning Daily Leveraged Charts 3000 to 3990
14 Aug- Updated Early Warning Daily Charts 0100 to 0260 and 1000 to 1980
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Road to a BUY: From Bear -> Bear ->Higher ->Rising ->Turned Up ->Bull.
Road to a SELL: From Bull -> Bull ->Lower ->Falling ->Turned Down ->Bear.
Err on the side of caution. Live to fight another day!
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Table of Contents:
Charts 0000 to 0003: Commentary, ETF Rating Summary, Market Strength, Rating Methodology
Charts 0100 to 0999: Sectors, Indexes, Long Term
Charts 1000 to 1999: United States
Charts 2000 to 2999: International
Charts 3000 to 3999: Leveraged
Charts 4000 to 4999: Metals, Oil and Gas, Bonds, Innovation
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Market Strength: Bullish Edge on 17 Aug - See Charts 0500 to 0620 (Summary: Chart 0002).
S&P 500 LONG TERM (Monthly): Chart 0300: S&P 500 Bullish Edge as of August 2018
S&P 500 MEDIUM TERM (Weekly): Chart 0310: Bull as of 17 Aug
SHORT TERM (Daily): Rating Summary as of 16 Aug (Chart 0001): 5 Bulls, 65 Neutral, 49 Bears
0000 - Market Commentary: This Chart is used for observations and comments of general interest.
11Jul18 - SHORT TERM Ratings are based on daily price activity and can be quite volatile. SHORT TERM Ratings should only serve as an 'early warning indicator'. When a Trend is relatively persistent the SHORT TERM Rating is set to Turned Down/Bear or Turned Up/Bull. Otherwise the rating is set to Neutral. Rating on MEDIUM TERM Charts are based on Weekly activity and are a much better indicator of direction so pay close attention to these before investing.
StockCharts Technical Rank (SCTR) is very useful insofar as it tells how well or how poorly a security has done over time; an ETF that has earned a very low SCTR is not nearly as good a prospect as one with a very high SCTR. Given two ETFs, both of which have been given Turned Up/Bull ratings, favor the ETF with a high SCTR and avoid those with low scores.
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RSI Green Arrow Rules:
Line rises from below 30 to above 30 => Green Arrow up
Line rises from below 50 to above 50 => Green Arrow up
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RSI Red Arrow Rules:
Line drops from above 70 to below 70 => Red Arrow Down
Line drops from above 50 to below 50 => Red Arrow down
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