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Support / Resistance Lines
24 Nov: Bullish market: Peaceful presidential transition and coronavirus vaccine progress.
13 Nov: Market Strength Charts( 0500 to 0630) are decidedly Bullish
MEDIUM TERM (Weekly), Chart 0014: S&P 500 Weekly is Higher on 20Nov20
LONG TERM (Monthly), Chart 0014.1: S&P 500 Monthly is Over Channel Top on 20Nov20
0000 - 0000: Commentary
0005 - 0999: Sectors, Indexes, Long Term
1000 - 1999: United States
2000 - 2999: International
3000 - 3999: Metals, Oil/Gas, Bonds, Innovation
5000 - 5999: Leveraged
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0000 - Market Commentary: This Chart is used for observations and comments of general interest.
5July20: In most cases, the last five weeks have actually been NEUTRAL
Thanks very much for your support.
Note: SHORT TERM Ratings are based on daily price activity and can be quite volatile. SHORT TERM Ratings should only serve as an %27early warning indicator%27.
When a Trend is relatively persistent the SHORT TERM Rating is set, depending on direction, to Turned Down/Bear or Turned Up/Bull. Otherwise the rating is set to Neutral.
Ratings on MEDIUM TERM Charts are based on Weekly activity and are an indicator of longer term direction so pay close attention to these if you are a longer term investor.
StockCharts Technical Rank (SCTR) is very useful insofar as it tells how well or how poorly a security has done over time; an ETF that has earned a very low SCTR is not nearly as good a prospect as one with a very high SCTR. Given two ETFs, both of which have been given Turned Up/Bull ratings, favor the ETF with a high SCTR and avoid those with low scores.
SCTR scores reflect price movement. Henceforth SCTR scores will be reflected in a Chart title as one number. I am changing the way SCTR scores are shown to reflect whether the score has increased, decreased, or stayed roughly the same since the last time the Chart was edited.
SCTR: 80->70 means the SCTR score has dropped from above 80 to above 70.
SCTR: >90 means the SCTR score stayed above 90.
SCTR: <10 means the SCTR score stayed below 10.
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