ACE: View my IBD 50/ SPYDER Sector charts. Just added: BITCOIN stock symbols!

Mike Carlton Has Had Over 50 Followers Rank: 15 Followers: 97 Votes: 58 Years Member: 9 Last Update: 13 December 2017, 10:01 Categories: Momentum Stocks
Trend Analysis
ETFs

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Three (3) new features of my Chart List are my favorite hand-picked IBD 50 Stocks, the Spyder Sector ETFs and the 13 Wonders known as the Internet of Things stocks!

The first two pages contain charts that measure perceptions of the overall markets. The main equity indexes (S&P500/ Dow Industrials/ Nasdaq) and key measures of bond markets, the TED Spread, Gold, Currencies, and special ratio charts in the special 'Ace way' that makes things clear and simple to see.

The 10 major Sector SPDR ETFs are tracked with Ace's favorite trend indicators and oscillators! If one understands the trends and cycles of these charts, then they will have a very good grasp of the major rotations of the smart money traders. These charts show up on Page 19 of my Chart List and their symbols begin with the letter 'X'.

The second new feature is a hand-picked selection of the IBD 50 stocks. I use many of my favored indicators on these DAILY charts, including the dynamic 13. 50, 100 and 200 MA lines. (IBD usually shows WEEKLY charts-- you can see DAILY here!) I show the proper bases on these charts as base theory is critical in the IBD 50 stock selection and CANSLIM systems. Of course, IBD 50 and CANSLIM are successful trading systems developed by Investor's Business Daily. These charts start on Page 10. I am not associated or affiliated with the IBD in any way and my charts are strictly my interpretations, Please visit their website to learn more at www.investors.com .

Finally, I have added a section known as 'the Internet of Things.' These are the 13 wonders identified by many investors as the key stocks leading the internet revolution as we enter the middle years of the 21st century. Now, track these stocks with me beginning on Page 12.

* IBD 50 and SPDR Select are trade-mark names; I claim no association with the vendors of these products. My chart interpretations are strictly one person's opinion of publicly traded stocks.

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-0.028 CBOE Holdings Inc. (CBOE)

Love it or hate it? Regardless of how one feels about BITCOIN or the Crypto-currencies, one thing is certain. There is very strong interest in trading them. On Sunday evening, December 10, 2017, the CBOE will become the first major exchange to trade BitCoin futures. I hope my BitCoin charts can give viewers a sense of direction for the various stock symbols that are 'associated' with BitCoin.

-0.029a - Bitcoin Investment Trust (GBTC)

GBTC is an investment fund invested in BITCOIN

-0.029B Overstock.com Inc. (OSTK)

OSTK is an online vendor that accepts BITCOIN for payment on products sold on the site.

-0.029C Riot Blockchain, Inc. (RIOT)

RIOT has 10% of its assets invested in BITCOIN.

-0.029d Digital Power Corp. (DPW)

-0.029e - Marathon Patent Group, Inc. (MARA)

MARA announced in early November that they are purchasing 100% of Global Bit Ventures a tech company that mines crypto-currencies.

-0.029f - Internet of Things- NVIDIA Corp. (NVDA)

NVDA's server chips are in high demand by Crypto-currency miners. At least some of the more recent gains in the stock are being attributed to Bitcoin mania.

-0.03 a db X-Trackers Harvest CSI 300 China A-Shares Fund (ASHR)

Update on 11/23/17: The Shanghai CSI 300 suffers a 3% loss on a single day. Margin debt has increased 5 straight months to push overall margin debt to nearly a 2 year high. There is an open gap on the ASHR chart which beckons to be filled. There are a couple more open gaps with smaller ranges further back in time-- can you spot them?



-0.035 US Dollar Index - Cash Settle (EOD) ($USD)

Update on 11/23/17: It seems not many people are paying attention, but the Dollar's long term outlook changed when the 200 day line turned downward...this key line will usually act to contain future rallies, at least until it is tested at least a couple times. Now, pay attention to the descending 50 day line which is intensifying the sell-off in the standard-bearer currency. When a price chart is in retreat, bounces tend to be 'bear flags' which will lure hopeful investors back in, but ultimately, they turn out to be 'death traps.' The price of gold remains stable under $1,300, and the story line is that gold investors are more concerned about the already telegraphed Fed rate hike in December 2017 than they are about the falling reserve currency. I believe seasonal strength will kick in for gold AFTER the FED meeting in December as the Fed rate hike will be a 'sell the news' event for the dollar.


Update: Major dollar reversal on Friday, June 4th following a very weak US Jobs Report. Notice that the chart predicted a possible pullback as the index reached the late January down-trend line, a key resistance point on the chart.

-0.04 iShares iBoxx High Yield Corporate Bond Fund (HYG)

UPDATE: November 9, 2017 - HYG hit an outright SELL signal today a few days after ACE and his followers exited with profits off the early XXX exit signal. A selloff in HYG can be like a canary in a coal mine, because the US Stock indexes will often follow the HYG in direction. So, watch US stock markets with caution now.

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