Analysis of Market Direction ... Timing is Everything!

Marc Slavin Author is a PRO memberHas Had Over 200 FollowersHas Been a Top Public ChartList for Over 1 Month Rank: 5 Followers: 274 Votes: 152 Years Member: 12 Last Update: 22 April 2018, 12:08 Categories: Trend Analysis
ETFs
Support / Resistance Lines

20Apr18 - Prices are falling for the 2nd day.
17Apr18 - Prices are rising. Updated USA ETFs (1000 to 1999)
16Apr18 - Market rising as War Fears subside. Updated Charts 0100 to 0300 and International ETFs (2000 to 2999) and Metals, Oil and Gas, Bonds, and Innovation (4000 to 4999)
14Apr18 - Hostilities in Syria off the table (for now). May help market next week
11Apr18 - Updated Leveraged ETFs (3000 to 3999)

============================================================================
Road to a BUY: Bear->Less Bearish->Higher ->Rising->Turning Up->Bull.

Road to a SELL: Bull->Less Bullish->Lower ->Falling->Turning Down->Bear.

Err on the side of caution. Live to fight another day!
============================================================================

Table of Contents:

Charts 0000 to 0003: ETF Rating Summary, Commentary, Market Strength, Rating Methodology
Charts 0100 to 0999 Sectors, Indexes, and Market Strength
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, and Innovation

============================================================================

Market Strength Summary (Chart 0002) of Charts 0500 to 0620: On 20Apr18: Less Bullish

Monthly (LONG TERM): April 2018- Chart 0300: Monthly Falling Trend
Weekly (MEDIUM TERM): 20Apr18 - Chart 0305: Weekly Trend: Bearish
Daily (SHORT TERM): 20Apr18 - Chart 0001: Rating Summary as of 19Apr18: Bull/Turning Up (2), Neutral (138), and Bear/Turning Down (12)

Less

0000 - Market Commentary as of 20Apr18

0000 - Market Commentary: This Chart is used for observations and comments of general interest.

==================================================
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

==================================================
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

==================================================

Please Follow and Vote. Thanks very much for your Support! Email if you have a question, comment, or suggestion.

0001 - SHORT TERM Ratings: Bull/Turning Up (2), Neutral (138), Bear/Turning Down (12) on 19Apr18

0001 - SHORT TERM Buy/Sell Rating Summary

19Apr - ETF Ratings: Bull/Turning Up (2), Neutral (138), and Bear/Turning Down (10)

(1) 2 ETFs are Bullish: Bull (0) or Turning Up (2)
(2) 138 ETFs have been rated Neutral
(3) 10 ETFs are Bearish: Turning Down (7) or Bear (3)

12Apr - ETF Ratings: Bull/Turning Up (78), Neutral (66), and Bear/Turning Down (6)

(1) 78 ETFs are Bullish: Bull (8) or Turning Up (70)
(2) 66 ETFs have been rated Neutral
(3) 6 ETFs are Bearish: Turning Down (1) or Bear (5)


05Apr - ETF Ratings: Bull/Turning Up (5), Neutral (113), and Bear/Turning Down (32)

(1) 5 ETFs are Bullish: Bull (5) or Turning Up (0)
(2) 113 ETFs have been rated Neutral
(3) 32 ETFs are Bearish: Turning Down (1) or Bear (31)



==================================================
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

==================================================
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

==================================================

Please Follow and Vote. Thanks very much for your Support! Email if you have a question, comment, or suggestion.

0002 - Market Strength: Less Bullish- 6 Bulls, 4 Neutral, 3 Bear as of 20Apr18

0002 - Summary of Market Strength -

As of 20Apr18 - Less Bullish

(1) 6 charts Bullish
(2) 4 charts Neutral
(3) 3 charts Bearish


As of 13Apr18 - Bullish

(1) 8 charts Bullish
(2) 4 charts Neutral
(3) 1 chart Bearish


As of 06Apr18 - More Bearish

(1) 3 charts Bullish
(2) 4 charts Neutral
(3) 6 charts Bearish



==================================================
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

==================================================
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

==================================================

Please Follow and Vote. Thanks very much! Email if you have a question, comment, or suggestion.

0003 - Rating Methodology: Rules I follow to rate ETFs

0003- SHORT TERM (6 Month Daily) Rating Methodology

==================================================
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

==================================================
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

==================================================

Please Follow and Vote. Thanks very much for your Support! Email if you have a question, comment, or suggestion.

0100 - S&P 500 (SPY) SHORT TERM- SCTR<60 Lower- Neutral (0) 20Apr18

0100 - S&P 500 (SPY) 6 Mo Day-

23Mar18 - Not there yet but approaching Support.

18Aug17 - S&P 500 Daily chart illustrates the weakness of the current market.

==================================================
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

==================================================
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

==================================================


0109 - S&P 500 (SPY) MEDIUM TERM- SCTR<60 Higher- Neutral (0) 20Apr18

0109 - S&P 500 (SPY) 2 Years Weekly

31Dec17 - 2017 was very rare. It was both strong and consistent.

==================================================
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

==================================================
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

==================================================

Please Follow and Vote. Thanks very much for your Support! Email if you have a question, comment, or suggestion.

0110 - Financials (XLF) SHORT TERM- SCTR>60 Uncertain- Neutral (0) 20Apr18

0110 - Financials (XLF) SHORT TERM-

28Dec17 - This Chart shows how relatively flat the Financial sector has been the last two weeks. The SpecialK reveals however that Medium Term performance of this sector has been strong.

James wrote:
'I cannot begin to thank you enough for sharing your work. I've been trading for four years. Most of my understanding of technical analysis has come from books and Stockcharts.com. About a month ago I began to realize your work and your uncanny ability to assess market direction.It is your site and commentary that has taken me to a different level of understanding how to trade. Your organizational skills and selection of indicators have really help me understand how to time the market.'

Thanks very much for your support!

0119 - Financials (XLF) MEDIUM TERM- SCTR>70 Higher- Neutral (0) 20Apr18

0119 - Financials (XLF) 2 Years Weekly-

0120 - Nasdaq (QQQ) SHORT TERM- SCTR>80 Lower- Neutral (0) 20Apr18

0120 - Nasdaq (QQQ) SHORT TERM-

23Mar18 - Support didn't hold. Now Resistance.

========================================================================

Bull (4: Rising Prices)

Turning Up (2: Trend Up - Baby Bull)

============= Bullish Above =========

Neutral (0: Strong, Rising, Drifting Sideways, Weak, Falling)

============= Bearish Below =========

Turning Down (-2: Trend Down - Baby Bear)

Bear (-4: Falling Prices)

=======================================================================

0128 - Nasdaq (QQQ) SHORT TERM- Below 65 Day EMA: Bearish- 20Apr18

0128 - Nasdaq (QQQ) SHORT TERM- 65 Day EMA

**********************************************************************************************************************************************
OK to Buy when the Elder Signal is Green and crosses above EMA 65 Day (Red Line). Not OK to Buy when Elder Signal is below the EMA 65 Day (Red Line).

Buy : When the MACD Line crosses above the MACD Signal Line & the Elder signals are Green and above EMA 65 Day (Red Line), Buy

Sell when the MACD Line crosses below the MACD Signal Line.

==================================================
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

==================================================
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

==================================================

Thought to Remember: Markets can go Up, Down, or Sideways

Thanks very much for 'FOLLOWs' and 'VOTE's.

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.