Chip Anderson

Don't Blame Us - $DFX, $MXZ, $RXS, $SHX, $XCM, $XEX Dropped By Nasdaq

Nasdaq recently dropped six popular industry indexes for no reason.  We had no choice but to drop them from our system as well.  We apologize for whatever inconvenience that caused.

Depressingly, this kind of thing is becoming more and more common.  

Here's the announcement from Nasdaq:
http://www.nasdaqtrader.com/TraderNews.aspx?id=fpnews2014-65

Do you see any actual reason given?  Neither do I.  And here's the kicker: Later this year - as they always do - Nasdaq will send me a letter telling me that they have "improved" things soooo much, that they need to raise prices... yet again... like they do every year.  And then a little while after that, they will announce yet another dividend to go with more record profits.  Here's their chart:

Yeah, that looks like a company that needs to cut back on services.

It really must be nice to have a monopoly.

- Chip 

More Control for "Volume by Price" Overlays

We've just added a parameter to our "Volume by Price" overlay - it didn't have any before now - that allows you to set the number of horizontal histogram bars on the overlay.

In case you haven't used it before, the Volume by Price overlay is a collection of horizontal histogram bars that show you how much volume has accumulated at different price levels on your chart.  It is great for finding and confirming support/resistance zones.

Here's a traditional, "old-school" Volume by Price chart:


(Yes, you can click on the chart to see a live version.)

Note that there are 12 histogram bars stacked vertically on the chart.  If you scan over the to right edge, you'll see that the upper most bar happened around the 310-320 area - hard to be more precise with this view.

Now, here's an example with 24 histogram bars:

Notice how the upper-most peak has been narrowed down to the 315-318 area.

And, for the crazies out there, here's one with 100 histogram bars:

Definitely not recommended but... what the heck?  Go nuts.

- Chip

Investors Intelligence Sentiment Data No Longer Available

Investors Intelligence has requested that we remove their weekly sentiment data from our website and we will comply with their request later this weekend.  The two ticker symbols involved - !IIBULL and !IIBEAR - will no longer be available after that time.  Any saved charts that use either of those symbols as their primary symbol will be removed from the website.  We apologize for whatever inconvenience this change causes.

- Chip

2014 Accomplishments and 2015 Goals

Happy New Year everybody!

In case you missed them, I wrote two important end-of-the-year articles for ChartWatchers recently.  Here are the links:

Why a StockCharts.com Membership is More Valuable in 2014 Than It Has Ever Been
which talks about all the things we added to the website in 2014,

and

Looking Forward to 2015 
which talks about things we hope to add to the website in 2015.

Enjoy!
- Chip

Finally!

Finally!  It's only been like - what - 15 years since we moved into this office!  Definitely l-o-n-g overdue (which is actually mostly my fault).

- Chip

Check Out FinGraphs for a New Take on an Old Approach

Today I am pleased to welcome Jean-Francois Owczarczak of FinGraphs.com to the ranks of our "Top Advisors Corner" commentators.  Jean-Francois and I have met at the previous two IFTA conferences and over that span of time, he has told me a remarkable tale.  His father, Edouard, has been advising bankers in Switzerland since the mid-1960s using purely a technical approach to the markets.  In the early days, since there were no computers and certainly no Internet, Edouard would go from bank to bank carrying his hand-drawn charts in his briefcase(!).  In 1969, Edouard founded his own management company in which his is still very active.  In addition, his sons Jean-Francois and Andre have now joined him and managed to being Edouard's tried and true approach into the 21st century using some unique visualization techniques.

Continue reading "Check Out FinGraphs for a New Take on an Old Approach" »

"Dancing with the Trend" - A New Blog About Market Breadth by Greg Morris

Today, I'm happy to announce the return of Greg Morris to StockCharts.com's writing team.  Greg has authored many popular books on Technical Analysis over the years including "Candlestick Charting Explained" and his latest book, "Investing with the Trend."  Earlier this year, Greg told me that he wanted to update his previous book "The Complete Guide to Market Breadth Indicators" - an idea that I fully supported.  We then got to talking about some of the challenges of writing and promoting books these days.  In case you haven't noticed, the financial book business has changed dramatically over the past decade and Greg was looking at other options for publishing his updated book.  Greg was also very excited about our new "ChartPack" feature which allows book authors to provide their readers with live versions of all the charts from their books.

As Greg and I talked more, we came up with a plan for Greg to write his new book "slowly" - as a collection of blog articles initially published on StockCharts.com.  The process would take some time but people could read parts of the book much sooner than they normally would in the traditional publishing model.  Once all the parts of the book were published on the website, Greg would then make the combined book available in ebook and online form.  This "slow publishing" model really appealed to Greg and so he and I have been working hard to make it a reality.  This project was in fact one of the main reasons we recently partnered with Pinnacle Data - a partnership that will provide everyone with greatly improved breadth data.

So today we are taking the next step - we are launching Greg's new blog called "Dancing with the Trend."  In his first article, Greg talks about the components of market breadth data - what are they called, where do they come from and how are they used.  This educational article showcases Greg's readable writing style and his passion for teaching.  You can expect many, many more articles along these lines in the coming weeks and months as Greg continues this "slow publishing" process.  I'm confident this experiment will end up being a big treat for everyone.  Be sure to read Greg's first article and then add a comment to the bottom with your thoughts on this project.

Welcome aboard Greg!
- Chip

Re: ShellShocked

Based on the best available information at this time, we are confident that StockCharts.com is not vulnerable to the various "ShellShocked" exploits that are being discussed in the press right now.  After a thorough review, we don't think we were ever vulnerable to those exploits.  Our security systems are configured to automatically screen out non-standard requests like those.  That said, we have taken additional steps - including applying the latest available patches - to further protect our site from these security threats.  In addition, we are continuing to monitor credible security sources for additional ways to prevent similar attacks.

- Chip

Mobile Text Alerts Now Available from StockCharts

StockCharts members have had access to custom technical alerts for some time now.  Alerts allow members to receive an email message whenever any technical situation occurs with one or more of their stocks.  They are very similar to our Advanced Scans and can be customized to recognize any set of  indicator-based signals you can imagine.  When a user installs an alert into our system, we automatically run that alert every 60 seconds while the market is open and, if we get any hits from it, we then notify the user via email.

Our Extra and ExtraRT members can create up to 5 different alerts and our PRO users can create up to 50.  For more information on Alerts, please watch this video on the topic.

Again, until now we have only be able to notify you of an alert signal via email however now that has changed.  Today, I'm happy to announce that we now support alerts via Mobile Text messages (SMS)!

As of today you can now select either "Email" or "SMS" from the "via" dropdown on the Alert Workbench page.  If you select SMS, we will send a text message to the phone number that is registered to your account when your alert is triggered.  

Note that it is important to ensure that you have set your correct phone number in your StockCharts.com account area.  You can check to see which phone number we have on file by clicking on the "Your Account" link in the upper right corner of any of our webpages.

There is no additional fees required to take advantage of this new feature.  Just start using it.  It is yet another way we are continuing to improve StockCharts.com.

- Chip

 

A Hearty Welcome to StockCharts.com for All of Martin Pring's Subscribers!

Today I'm thrilled to announce that StockCharts.com and Pring.com are merging!  StockCharts.com is now the new home for Martin Pring's market commentary and his loyal subscribers are becoming members of StockCharts.com as a result.

If you are one of Pring.com's users, welcome!  We are very glad to see you here.

In case you missed it, here is the email message that Martin sent out earlier talking about the merger:


Dear Weekly InfoMovie Subscriber,

After many years, the Pring Infomovie Report is getting a long-needed face-lift and is taking on a new lease on life!  The InfoMovie Report will no longer be published by Pring Research, Inc., instead, we have begun a new partnership with StockCharts.com where the report will continue to be published under the Martin Pring Market Roundup (PMR) banner and offer you a plethora of extra goodies!

As of  this weekend,  the balance of your subscription will be fulfilled by StockCharts.com.  Of course, you do not have to transfer over to StockCharts.com if you do not wish to and are free to cancel at any time. However, we think you will find the benefits of this transition to be a win-win situation!

Here’s what you will receive:

  1. The same downloadable printed report published at least 48-times per year and a bi-monthly InfoMovie at the same cost as a full subscription to the current weekly report.
  2. In addition, you are getting a new StockCharts "Extra" subscription that includes frequent reports and videos by John Murphy, Arthur Hill, Greg Schnell and others.
  3. Your new StockCharts Extra membership also gives you the ability to save ChartLists (electronic chart books) and templates (called ChartStyles) so you can rotate through your favorite chart collections at the click of a mouse!
  4. Intraday data is also included as is the ability to scan pre-selected data lists for specific technical conditions or combinations of conditions and receive custom email alerts for the same conditions.
  5. The ability to plot several of my proprietary indicators you have seen in the InfoMovie Report such as the Bottom Fisher, the Bond, Global and Commodity Net New Highs Indicator and others, as well as StockCharts' huge inventory of internal market and sector indicators! In fact, you will be able to click on the charts in the report for a live updated link at any time!
  6. You will also be able to plot familiar “Pring” indicators such as the KST and Special K.

Prior to this year, I wasn’t familiar with the range of charting tools and data available at StockCharts, nor their vast educational resource library, but I must say, I’ve been very impressed with what I have seen, not only in terms of  technical resources and capabilities, but in particular with the ethics and competency of Chip Anderson and his team.

If you’re already a StockCharts Extra, Extra RT or Pro subscriber, StockCharts will extend your account for you automatically and you will no longer need to subscribe to the Infomovie Report because it will be included in your subscription.  If you are not already a subscriber, StockCharts will soon send you a customized email with instructions for accessing your new account.  When your new subscription expires, StockCharts will send you instructions for renewing because we will not be giving them your credit card information.  If your email security settings  are set to exclude spam be sure to allow email from "StockCharts.com", otherwise you will not receive email notifications of  my weekly reports.

Please note that the Intermarket Review will continued to be published by Pring Research, Inc. and is unaffected by this arrangement.

I want to personally thank you for subscribing to the Infomovie Report and guarantee you will receive more than your current benefits under the new arrangement. If you have any questions, please do not hesitate to contact us at 941-926-9664.

In the meantime,

Good Luck and Good Charting!

Martin J. Pring


Again, we'll be sending you your new StockCharts.com credentials very soon via email.  Once you have your account information, you can log in by clicking the "Login" link in the top right corner of any page.  And, once you are logged in, you can access Martin's commentary by clicking on the "Pring's Market Roundup" link in the Commentary box on the right side of our homepage - or just click here.

As I said before, I am thrilled to welcome you to our website.  We are working hard to increase Martin's ability to communicate his market insight and educational ideas out to as many people as possible.  And if you have time to kill between Martin's updates, why not try reading some of our other award-winning authors as well?

Welcome aboard!
- Chip