Here are some tips to help you understand the research and our process:
- This is my personal Chartbook that I use on a daily basis and have been updating regularly for years. As members of All Star Charts, you get access to the entire list of U.S. and International stocks, sectors, indexes, bonds, commodities, currencies.
- The weekly charts and commentary are geared towards getting a much more structural perspective on market prices. They give us a longer-term view.
- The daily charts are for tactical trading opportunities like entry/exit points. They give us a short to intermediate-term view.
- Both time frames can and should be used together although they won’t always agree with one another. For example, a bullish weekly chart can easily be accompanied by a bearish short-term setup and vice versa. This is where defining your time horizon becomes very important.
- These charts are updated weekly or biweekly with annotations and commentary detailing any and all changes in the data that may change our perspective on a given market.
- You won’t always agree, and that’s okay. The idea behind our membership is to consistently have an unbiased opinion to supplement any prior thesis or analysis.
- There is always more information that can be discussed, but for the purposes of the Chartbook we will focus on only the most relevant and actionable information.
- These are my personal notes and I don’t keep an editor to go through it all fixing any misspellings. So if you can’t figure out something I’m trying to say, just send me a message.
- Since the markets are fractal, we use the same period for moving averages and momentum on both daily and weekly time frames.
- Smoothing Mechanisms are 200 period Simple Moving Averages (SMA).
- Momentum = 14 Period Relative Strength Index (RSI). Read more on how momentum fits into our process here.
- You will often see Fibonacci extensions and retracements detailed on the charts. In the case of new highs or new lows within an ongoing trend we are looking at Fibonacci extensions. When we are seeing a counter-trend rally, we will use Fibonacci retracements based on the prior low and high. Learn more about Fibonacci Analysis here.
- This is my homework that I do every single week and have been doing for years. With the help of technology, I can now share it all with you. I update each chart weekly or every other week depending on the timeframe or relevance. If there is any chart that has not been updated and you think something may have changed, feel free to send me a message to update it. I’m happy to do it.