- Rank: 14
- Followers: 97
- Votes: 462
- Years Member: 12
- Last Update: 3 December 2020, 9:27
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.
SPY showed a negative divergence in trend indicators even as it hit new highs in early 2020. This was the prelude to a potential long-term top. More recently, in March 2020, the sharp angled descent of SPY and the rapid approach of the Devil%27s Cross (13 EMA- 99 SMA down-cross) has sent out a warning of a potential stock market crash. As of 3/6/2020, the chart resembles the classic "rapid crash" of 1987. Similar to the %2787 scenario, this rapid descent is driven in part by a change in excessive dollar strength to one of greater weakness, causing a rapid re-order bond market and currency relationships-- this time being triggered by a biological event, the CoronaVirus pandemic.
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.