CHANNELIST

Richard Lehman Has Had Over 25 FollowersPrevious "Hall of Fame" ChartList Author Rank: 37 Followers: 49 Votes: 84 Years Member: 9 Last Update: 18 September 2014, 15:44 Categories: Trend Analysis
ETFs
Market Timing

Detailed Weekly Commentary from our charts

Welcome to the ''Channelist' (formerly Trend Channel Magic) -- an all-ETF list of charts with trend channels and momentum indicators in time frames from minutes to years. CHARTS DON'T HAVE TO BE COMPLEX TO BE USEFUL. THE CHANNELS ON THE ONE-MINUTE CHARTS WILL SHOW YOU TRENDS AND BREAKS QUICKER THAN ANY OTHER CHART TECHNIQUE YOU CAN FIND.

Also, you can view our weekly commentary (based on these charts) at http://www.rhlcapital.com/page-1075161

Our trend channels are predicated on the belief that group behavior creates discernible trends in all time frames formed by parallel boundaries that provide dynamic support and resistance points (reference my book on the subject 'Far From Random'). Watch these trends and be amazed by the accuracy frequently displayed by the channel lines. If you have to wait days or weeks for moving average crosses or other indicators, you can never get into a trade in time. We have found these charts to spot trend breaks and true support and resistance points quicker and more accurately than any other chart patterns or signals -- bar none. There is too much 'noise' in individual stocks to see the trends, so we chart only ETFs, though they can be used to determine the sector or market direction before jumping into a specific stock.

> 1- minute charts on DIA, SPY, IWM, and VIX are listed first for extreme near term analysis
> 30-minute charts form Short Term trends
> Daily charts form Long Term trends
> 'Minichannels' form inside most trends in all time frames

Disclaimer: As a Registered Adviser, our comments here are for educational purposes and should not be construed in any way as offering investment advice or recommending a specific security.

Less

00A DIA One-minute

9/16 -- A bounce from nowhere took the majors off the lower lines of their one-minute downtrends yesterday and is even breaking upward (DIA still benefiting from special situations and not the best benchmark, but SPY and QQQ breaking upward also). VIX falling as well. Still damage though on the 30-min charts and momentum heading lower. also, small caps lagging badly. The Fed will almost certainly cause some additional volatility. Watch for the usual head fake before the direction emerges.

9/15 -- Another day in the one-minute downtrends. IWM and QQQ actually steepened their downslopes before a minor bounce while DIA outperformed only because of special situations. Meanwhile 30 minute charts are weakening and more sectors are actually breaking. The Fed will likely waffle on interest rates, will could also take some air out of the bullish balloon. Don't stand in the way of distribution -- the momentum indicators still point down.

9/13 - Getting very choppy, but the major ETFs are at or near the lower lines on their one-minute trends (which are mostly down). That could set up a bounce early this coming week. Commodities are approaching long term support lines also, if you are game. But VIX is rising and momentum says we're not through on the downside.

The full Weekly Commentary is updated at www.RHLcapital.com

00B SPY 1-minute

00C IWM - 1 min

00C QQQ - 1 min

00D Volatility Index 1-min

01A DIA - 30 min

1

01B - DIA one-year

2

02A SPY - 30-min

1

02B SPY - Daily one-year

2

03A QQQ - 30 min

1

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