MailBag June 01, 2012 at 09:36 AM
Chartists can add two extra Fibonacci numbers to the Fibonacci Retracements Tool using the CTRL button. First, open a SharpChart for annotation. The Fibonacci tools are at the top and in the middle of the icon row. Next, select the Fibonacci Retracements Tool and move to the desired starting point. Hold the CTRL button, left click the mouse at the starting point, hold that click and drag to the ending point. Release and two more Fibonacci numbers will appear: the 23.6% retracement and the 1.618% extension. Using the US Dollar Index ($USD) as an example, the Fibonacci Retracements Read More
MailBag May 25, 2012 at 11:45 AM
On SharpCharts, the Fibonacci Retracements Tool can be used to measure Fibonacci retracements. First, choose a security and open a SharpChart. Second, choose “Annotate” to open ChartNotes and add annotations. The Fibonacci tools are located at the top-left in the middle of the icon row. Choose (left click) the Fibonacci Retracements Tool, which is the first icon with the horizontal lines, to select for drawing. Move to your desired starting point, left click and hold, drag to the ending point and release. Voila! You now have a Fibonacci retracements on your chart. These retracement lines Read More
MailBag May 18, 2012 at 10:30 AM
StockCharts.com users can employ MarketCarpets to see the number of up or down days for S&P 500 stocks within a particular period. The example below shows the S&P Sector MarketCarpet with stocks grouped by sector. There is a drop down menu in the upper left corner, just below “current view”. Choose “up and down days” to see the net up days for a period (up days less down days). Next, extend the slider at the bottom to the desired number of days. Left click the left edge of the slider and drag it to extend. Click this image for a live version. This MarketCarpet covers the month of Read More
MailBag May 11, 2012 at 10:39 AM
The Historical Chart Gallery at StockCharts.com contains long-term charts for the Dow, S&P 500, Nasdaq, gold and 30-Year US Treasury Bond. The Dow chart goes back to 1900, the S&P 500 extends back to 1960 and the Nasdaq chart starts in 1978. The 1900 Dow chart is especially fascinating for studying the 1929 crash and its aftermath, while the S&P 500 sports a long consolidation from the late 60s to 1980. Click this image for the complete chart Click this image for the complete chartChartists can also see 20 years worth of data for many key indices and stocks. These include Spot Read More
MailBag May 04, 2012 at 10:52 AM
The Sector Summary at StockCharts.com provides chartists the means to gauge sector performance and then drill down into their preferred sector. Links to the Sector Summary can be found on the Home page (just under the Today in the Market chart) or on the Free Charts page (in the right navigation under Other Tools). Users can also click the chart below to reach the sector summary. Each image below shows clues on how to navigate this tool. The Sector Summary starts with nine sectors. Users can choose the performance timeframe with the drop down menu at the top. Once a sector has caught Read More
