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- Last Update: 13 November 2018, 16:02
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Categories:Trend Analysis
ETFs
Support / Resistance Lines
12 Nov- More widespread weakness; Bears in control; Support to Resistance
09 Nov- Fed promises more rate hikes; Rally encountering Fed headwinds. Buyers in 'Short' supply.
07 Nov- Widely celebrated relief rally
06 Nov- Voting takes center stage. Market is generally quiet
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Update Schedule:
Monday: Update Charts 2000 to 2970 and 4000 to 4970
Tuesday: Update Charts 0050 to 0250 and 1000 to 1980
Wednesday: Update Charts 3000 to 3990 (Leveraged)
Thursday: Rate All Non-Leveraged Daily ETF Charts
Friday: Update Rating Summary (Chart 0001) and Weekly Charts
Saturday: Update Charts 0500 to 0620, 3000 to 3990 and Market Strength Chart 0002
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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: Bull Tilt on 09 Nov - See Charts 0500 to 0620 (Summary: Chart 0002).
S&P 500 LONG TERM (Monthly): Chart 0059.1: S&P 500 Tilt Bearish as of Nov 2018
S&P 500 MEDIUM TERM (Weekly): Chart 0059: Weak as of 09 Nov
SHORT TERM (Daily): Rating Summary as of 08 Nov (Chart 0001): 51 Bull, 41 Neutral, 4 Bear
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Road to a BUY: From Bear ->Less Bearish ->Higher ->Rising ->Turned Up ->Bull.
Road to a SELL: From Bull ->Less Bullish ->Lower ->Falling ->Turned Down ->Bear.
Err on the side of caution. Live to fight another day!
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0000 - Market Commentary: This Chart is used for observations and comments of general interest.
Note that SHORT TERM Ratings based on daily price activity 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, depending on direction, to Turned Down/Bear or Turned Up/Bull. Otherwise the rating is set to Neutral.
Ratings on MEDIUM TERM Charts are based on Weekly activity and are an indicator of longer term direction so pay close attention to these if you are a longer term investor.
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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