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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.
Daily chart for West Texas Intermediate Oil
UPDATE on 9/8/2016: WTI breaks out of a BULL FLAG. It might try to re-test the breakout point near $46.20 before it takes off much higher, so keep an eye on a possible 2nd entry point.
UPDATE on 7/30/16: WTI OIl Index reached the 200 day line support on Friday. The FAST RSIs graph on my chart (top graph on my chart and only found here!) shows a possible bounce is beginning. OIl may find a bounce here, but probably only back to the down-trend channel area before the major new down-trend resumes, imho!
UPDATE on 7/9/16:: The ACE Triple-X signal has indicated an EARLY SELL indication. This sell signal is not yet confirmed, but do notice that a new down-trend channel had developed with lower highs and lower lows. Since the equities markets seem to be in close correlation with the price of oil, this may be an indication that the stock market rally is close to an end?
UPDATE on 6/6/16: The WTI Oil Index continues to rally after coming out of the bull flag, as I predicted last month.
UPDATE on 4/10/16: Sharp reversal occurred this past week, and now the pattern becomes more clear as a Bullish Flag reversal. Breakout of the flag occurred on Friday, thus confirming the wedge line breakout of about two weeks ago. Next target is the firm resistance at the 200 day line ($41).
IBUY is a retail ETF that invests in On-Line Retailers. On-line Etailers make up 8.3% of all retail sales, and on-line sales are the fastest growth sector. To be included in the ETF, the retailer must derive 70% of its sales from on-line activities. IBUY also invests up to 25% of assets in foreign-based e-tailers. To find other great Theme Stocks like this one, simply google these 2 words: 'Theme Stocks' and click on ACE's site.
AQMS is focused on lead battery recycling using environmentally sound practices. On 2/14/2018, the largest car battery manufacturer, Johnson Controls (NYSE: JCI) announced that it took a 5% stake in AQMS to harness its patented process. Also, on 12/17/2017, AQMS announced a secondary offering that took in over $14 million at a price of $2.10 to finance working capital and capital expansion. NOTE: in Barron's 2/19/18 edition, it showed 4-to-1 calls to puts on heavy options contracts volume. Keep an eye on this one. To find other great theme stocks like this one, simply google these 2 words: 'Theme Stocks' and click on ACE's site. Posted by Mike on 2/18/2018.
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