Richard Lehman Has Had Over 25 FollowersPrevious "Hall of Fame" ChartList Author Rank: 39 Followers: 45 Votes: 65 Years Member: 8 Last Update: 25 July 2014, 16:03 Categories: Trend Analysis
Market Timing

ETF Forecaster (Formerly Channelist Newsletter)

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

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.


00A DIA One-minute

7/23 -- DIA still sports a mild downtrend on the one-minute chart, but the others are all moving up in uptrends. The overall path of least resistance in the near term remains up, though sectors are still quite mixed and the long term remains overbought.

7/21 -- DIA, SPY, and IWM remain in one-minute downtrends while QQQ is the sole major average still rising on the one-minute charts. Minichannels are going back and forth, so there is little conviction thus far this week. With little additional bad news, the market seems like it can firm up, but buyers are clearly hesitant and VIX is remaining somewhat elevated.

Trends on the 30-minute charts are waning in momentum. Several have already changed to a flatter up slope and now many are near the lower channel boundary. That leaves a very vulnerable situation should anything occur to disrupt ol' Goldilocks.

7/19 -- Friday's bounce was strong enough to potentially signal the end of the current correction, though we won't know for sure until we see if it follows through on Monday or sells off again.

Many uptrends on equity ETFs remain intact, and on those in downtrends, the momentum is beginning to bottom and turn up. Therefore, if global tensions abate, the market appears to be headed higher for now.

The full Weekly Commentary at is now updated.

00B SPY 1-minute

00C IWM - 1 min

00C QQQ - 1 min

00D Volatility Index 1-min

01A DIA - 30 min


01B - DIA one-year


02A SPY - 30-min


02B SPY - Daily one-year


03A QQQ - 30 min


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