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- Last Update: 8 July 2020, 18:56
Support / Resistance Lines
7 July: Fewer Buyers than Sellers => lower prices. Updated Charts 0010 to 0310 & 1000 to 1900
6 July: Market Rising. Charts 2000 to 3970 Rated
4 July: Happy Holiday! Rated Leveraged Charts 5000 to 5990
Strength: BULLISH on 2July20 (Chart 0002): (Bull: 9, Neutral: 2, Bear: 3) - Charts 0500 to 0630
SHORT TERM (Daily): NEUTRAL on 2July20 (Chart 0001): Bull: 9, Neutral: 74, Bear: 2
MEDIUM TERM (Weekly): Chart 0019 is LESS BULLISH on 2July20
LONG TERM (Monthly): Chart 0019.1 Well Within Channel on 2July20
Mon: Charts 2000 to 3970
Tues: Charts 0010 to 0310 & 1000 to 1900
Wed: Leveraged Charts 5000 to 5990
Thu: Rate Daily Non-Leveraged Charts
Fri: Publish Rating Summary (Chart 0001) & Weekly Charts
Sat: Publish Market Strength (Chart 0002) relying on Charts 0500 to 0630
0000 - 0002: Commentary, Rating Summary, Market Strength
0010 - 0999: Sectors, Indexes, Long Term
1000 - 1999: United States
2000 - 2999: International
3000 - 3999: Metals, Oil/Gas, Bonds, Innovation
5000 - 5999: Leveraged
Thanks for your support!
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: 8->7 means the SCTR score has dropped from above 80 to above 70.
SCTR: >9 means the SCTR score stayed above 90.
SCTR: <1 means the SCTR score stayed below 10.
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