ACE: View my IBD 50 charts. XLF/ Financials turn down before bank earnings

Mike Carlton Has Had Over 100 Followers Rank: 18 Followers: 106 Votes: 38 Years Member: 9 Last Update: 27 April 2017, 22:57 Categories: Momentum Stocks
Trend Analysis
Ratio Analysis

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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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-0.09 a Spyder Sector ETF/ XLF (Financials)

UPDATE: April 12, 2017 The financials, as commonly represented by the Spyder ETF with symbol XLF, led the Trump Rally from November 8th with rising long term interest rates. Now, we see a reversal gaining traction on XLF with a break down below the 50 day moving average line. This coincides with a rising bond market (and falling yields).

The Spyder ETF for Financials (XLF) which includes many of the nation's biggest bank stocks such as JPM, BAC, WLF, GS, MS and more has been on a tear since the Ace Triple-X buy signal vaulting out of a bullish ascending triangle in early November. The StockCharts SCTR score has consistently been above 90 since then and that means a strong trend is in place and may not end easily-- a good thing for those who know that 'the trend is your friend.' The Spyder broad sector ETFs are a regular feature on my charts list. You can view the other 10 broad category ETFs charts which begin on page 19 of my Charts List.

Also, another feature of my list are charts that track several of the IBD 50 stocks. I have been using various aspects of the IBD CANSLIM system in my charts and trading style for nearly 20 years. Be sure to view that section starting on page 10! (All of my chart illustrations are purely shown for general entertainment purposes only and are NOT intended to provide investment advice.Past results are not indicative of future outcomes, according to the SEC.Always consult with a Registered Investment Advisor or licensed Stock Broker before investing or trading.)

I use www.StockCharts.com because I find they have the best on-line chart software, and their data feeds from the exchanges are always up to date. I have been a loyal customer for over 9 years.

-0.1 a - aa Internet of Things - Global X Internet of Things Thematic ETF (SNSR)

SNSR is the first US-based ETF that invests strictly into Internet of Things (IOT) stocks.

You can view two of the hottest IOT stocks right below this chart. Then, to see a more comprehensive list of my favorite IOT stock charts, please move to page 11 of my list immediately following my IBD 50 charts.

Also, be sure to view my IBD 50 stock charts which begin on page 10. Please visit www.investors.com to find the most current list of IBD 50 stocks. I am not affiliated with IBD and my list may not always be current.

-0.1 a - aa Internet of Things - i Advanced Micro Devices, Inc. (AMD)

AMD is becoming an emerging leader in IOT chips. AMD is also on the IBD 50 list of best, fast-growth stocks. Visit www.investors.com for a current list of the IBD 50 stocks.

See my IOT stock charts right here at www.StockCharts.com beginning on page 9. Also, be sure to view my list of IBD 50 stock charts which begins on page 10. I am not affiliated with IBD, but to make sure you have the most current list of IBD 50 stocks, be sure to visit www.investors.com .

I use www.StockCharts.com charts because there software is the best, and is always updated with current information from the exchanges.

-0.1 a - aa Internet of Things- STMicroelectronics NV (STM)

UPDATE November 17, 2016: STM has suddenly caught on as a hot IOT play with its new fast growing market of Artificial Intelligence chips.

To view the rest of my IOT stock charts, please go to page 9 of my chart list.

To view my IBD 50 stock charts, go to pages 10 - 11. Also, my list of Internet of Things (IOT) hot stocks immediately follows the IBD 50 list. In some cases, IOT stocks are also on the IBD 50 list. Visit www.investors.com for the latest IBD 50 list; I am not affilated nor associated with IBD 50 in any way except that I am one of their customers.

-0.1 b aaNYSE Bullish Percent Index (EOD) ($BPNYA)

I have long used the pSAR trip signal on BPNYA as a good, simple buy or sell signal. I use this signal in conjunction with other charts, but for those who are looking for a good, simple signal for the health of stocks, this might be it! Also of note is that when a trend gets going, the 13 EMA line seems to work quite well as support in up-trends and as resistance in down-trends.

-0.1 b NYSE - Tick ($TICK) 5 minute chart (intra-day)

TICK is a market pro's tool for monitoring the under-lying strength in the US stock market. $TICK specifically measures the number of up-tick trades against down-tick trades on the NYSE. By itself, the TICK patterns can be difficult to discern due to high volatility from minute to minute during the trading day. I have developed a smoothing mechanism which helps the viewer to see any trading strength patterns more clearly. From time to time, I have to adjust the trigger trip lines due to the amount of volatility in the markets. In May 2014, I had to adjust the lines inward (closer to the center) due to the lack of volatility (this can be compared to the low readings in the CBOE VIX index).

There are actually two lines to watch on this $TICK chart which updates every 5 minutes during the trading day (though the chart is on a 15 minute delay for viewers). The two lines to watch are the purple (thin) line which is the 8 EMA line and the other thicker line is the 21 EMA line (green). The purple 8 EMA line is the FAST LINE, and this line helps the trader to tease out fast movements within the TICK. The 21 EMA line is the SLOW LINE, though that is a relative term as the SLOW LINE is still capturing the fast rhythms of the market for many traders.

When the 8 EMA line touches either of the two thin dashed lines, then this means the market is either short term over-bought or over-sold. Day traders should focus more on the thin 8 EMA line.When the thicker 21 EMA line reaches either of the two solid horizontal lines, that is more broad market based signal of overbought or oversold. Swing traders and Investors looking for the ideal entry and exit points should focus on the thicker 21 EMA line. To learn more about sophisticated (and yet easy to understand) chart tools like this one, be sure to visit www.AceStockTrader.com where the retail trader and investor comes first!

-0.1 bb Russell 2000 Small Cap Index ($RUT)

The Russell 2000 attracts many traders for its high beta stocks, mostly small caps, and many in fast-growth sectors of the market.

-0.2 - Light Crude Oil - Spot Price (EOD) ($WTIC)

Weekly chart for West Texas Intermediate Oil

UPDATE: on 4/12/16 Break-through of down-trend wedge line is bullish for both oil and stocks. See daily chart for more precise positions, resistance and support lines.

UPDATE on 3/28/2016: The Weekly Chart shows WTI trying to break up through a steep down-trend line (blue-dashed), but so far, the strong resistance of that down-trend line is holding. OIL is at a crossroads--depending on how it breaks, will likely determine the direction of equities and commodities in the next few weeks. One can see that if WTI should break higher, that the next key resistance area would be $48. See the daily chart for more precise day-to-day projections.

-0.2 a Biotech iShares (IBB)

Update: June 5, 2016- The IBB ETF appears to be starting a new bullish trend. It is still in its infancy, so this will have to be watched closely to see if the infant trend grows stronger.

Update: August 15, 2015. The IBB has started break down. The 13-50 downcross is an early signal. Also, the lower high down-trend is intact. This being said, the IBB has been the most powerful sub-sector ETF the past few years and has resisted previous efforts to pull it down. However, the latest trend should be watched closely.

-0.2 a iShares Barclays 20+ Year Treasury Bond Fund (TLT)

Update 6/6/16: Thanks to a weak Jobs Report, the TLT ETF has found renewed vigor.

Update Sept. 13, 2015: Is TLT trapped in a bearish down-trend? or is it in a Bull Flag pattern? It could be either as the world awaits the FED's decision on Sept. 17th. All eyes will be focused on the reaction in US Treasuries. Also, keep an eye on gold for any reaction there, especially if TLT should RAPIDLY collapse in price. (A slow drop in price would not be favorable to gold, but a rapid disintegration would be positive for gold.)

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