Chip Anderson

Lots of New Scooters are Coming to StockCharts!


ScooterssWe're happy to announce that today we have greatly increased the number of stocks that are ranked by our StockCharts Technical Ranking system (SCTRs - pronounced "Scooters").

Scooters are our very popular system for ranking stocks based on their technical strength.  Prior to today, we were only able to rank the 1500 US stocks that were part of the S&P 500 (Large-caps), the S&P 400 (Mid-caps) and the S&P 600 (Small-caps).   Now we have expanded the Small-cap universe to include all stocks in the Russell 2000 and we have expanded the Mid-cap universe to include 200 additional stocks that the S&P 400 did not include.  This has more than doubled the number of stocks in our ranking system.

So now, for example, we have SCTR values for Avis Car Rental (CAR), Freddy Mac (FMCC),   Fanny Mae (FNMA), and even World Wrestling Entertainment, Inc (WWE).

To see the complete list of stocks listed by their SCTR value, go to our homepage and click on the "SCTR Rankings" link located just below the yellow chart.  Or just click here.

For more details on how SCTR values are calculated, please see this article.

Notes:

  • The Advanced Scan keywords for the different US SCTRs has changed from SCTR.sp5, SCTR.sp4, and SCTR.sp6 to the more descriptive SCTR.large, SCTR.mid, and SCTR.small.  (The old wording still works but is not preferred.)
  • No changes have been made to the ETF or TSX SCTR universes
  • Unfortunately, it is not possible to back-calculate historical SCTR values for the newly ranked stocks so their "SCTR Line" indicators are currently only one dot long.  It will increase in time however.
  • We have chosen to exclude foreign stocks that trade in the US from our SCTR system.

Enjoy these additional SCTR values!  Hopefully they will help you find even more interesting stocks to analyze.

- Chip

Determining the Market's Direction with the DecisionPoint Chart Gallery

One of the great things that the merger with DecisionPoint.com brings to the table is its huge collection of market indicators and datasets.  However, the sheer amount of data and indicators involved can be overwhelming, especially if you are not familiar with these kind of charts.

To help with that, we've created the new DecisionPoint Market Analysis Chart Gallery.  In general, Erin and Carl will be discussing the charts in that gallery and what they mean in the DecisionPoint blog but I wanted to take a minute and introduce everyone to them here.

(Note: This blog was intended to be printed out and read while using the live website to see the charts mentioned.)

First off, to get to the DP Gallery, go to our homepage and click on the "DP Gallery" link located in the middle of the page underneath that big cloud of tickers.

Now, if you are not a member of StockCharts.com (or you are not logged into your account) you will only be able to see the S&P 500 charts.  That's nothing to sneeze at - understanding what the S&P is doing is very important to all investors - but if you are a member of StockCharts, you'll also be able to switch your view from S&P 500 to Dow Industrials, S&P 100 and/or Nasdaq 100 using any of the dropdowns found throughout the gallery.

DecisionPoint's approach to analyzing the market is based on first looking at trend and then looking at various overbought/oversold oscillators.  Thus, the first 3 charts on the gallery page are "Trend" charts to help you gauge the short-term, intermediate-term and long-term market trends.  The process is pretty mechanical - just look at the relationship of the different EMAs on those three charts.  If the shorter EMA is on top of the longer one, the market is in an up-trend, otherwise it is in a down-trend.

So right now (February 25th, 2014), when I look at the DP Gallery page, I see that the Daily, Weekly and Monthly Trends are all UP.  I also notice that it has been that way for more than a week and that none of the movings average pairs look like they will cross each other for another couple of days.

Take a moment and review those first three charts and see if you agree.

Now, the other thing that you'll find on those first three charts is the DecisionPoint Price Momentum Oscillator (PMO).  This technical indicator works very similarly to the MACD to show you a stock's direction and momentum.  These charts use Carl's standard parameters of 35,20, and 10 to create a black indicator line and a red signal line.  Broadly speaking, black line moving up is a short-term bullish signal.  Black line above red line is intermediate-term bullish.  Black line above zero line is long-term bullish.

Right now, the PMO is pretty strongly bullish on the daily chart with all three of the signals mentioned above occuring.  Same is true for the long-term Monthly PMO chart.  However, the Weekly PMO chart is muddled.  While it has been above zero for over 2 years (bullish), it has also been moving sideways somewhat aimlessly causing the PMO line and signal line to get rather hopelessly tangled.

Conclusion:  In general, the trend is still bullish.  Don't fight the tape.  But is it too bullish?  That's what the next set of charts is all about - the Overbought/Oversold Condition charts.

Let's start by looking at the really jumpy "Volatile Short-Term Oscillators" chart.  It tells you when the market is making a short-term peak or bottom.  Basically, you are looking for spikes that stick up (or down) outside of each indicator's "normal" range.

The first indicator is the Climactic Volume Indicator (CVI).  It is designed to jump higher whenever lots of the stocks have positive days on strong volume.  If it is above zero, things are bullish.  If it is above 50, things might be getting too bullish.  If it is above 60, watch out for a short-term pull-back.

The Participation Index are green/red bars that show you how many stocks are actively helping the index move higher (green) or lower (red).  Again, spikes are the key.  If the green bars spike above 60, watch out for a pullback.  Conversly, if the red bars spike down below -60, a bounce-back rally should happen soon.

Finally, an inverted $VIX chart is included.  Moves to the top of that inverted chart signal excessive bullishness (often seen as a time to sell) and moves to the bottom of the chart signal excessive bearishness (typically a buying opportunity).

So what's going on right now, February 25th?  The CVI and PI show almost three straight weeks of bullish activity as the SPX moved higher from its lows of early February.  There are no recent spikes for either indicator and the VIX is not yet into strongly overbought territory just quite yet.

The next chart down is "Regular Short Term Oscillators" - they are a little more stable - and while they are all still above zero, they are all moving lower since peaking last week.  If they move below zero, it will be very hard for the market to continue moving higher in the short-term.

The "Intermediate-Term Oscillators" chart is possibly the most important one in the DecisionPoint gallery.  These indicators provide a longer-term perspective on the health of the market.  First off, the PMO is the same as we saw on the Daily Trend chart above - only this is on a 3-year chart in order to provide more context.  Again, rising above zero and moving above its red signal line is "a good thing(tm)."

Breadth Momentum and Volume Momentum are crucial to understanding where the market is going.  Breadth Momentum (ITBM) shows the direction and strength of the change in advancers minus decliners - i.e., the breadth of the market.  If ITBM is going up, you can expect advancers minus decliners to continue to increase - a generally bullish sign until it hits a high peak.

Volume Momentum (ITVM) shows the direction and strength of changes in advancing volume minus declining volume.  It should mimic ITBM pretty closely.  If those two diverge, watch out!

Currently, PMO is bullish, VTO is bullish, ITBM is bullish and ITVM is bullish but starting to weaken.  Notice that (so far at least) it hasn't exceeded its January highs just about 100.

For now, I'm going to leave the rest of the page as an exercise to the reader - many of the charts are explained on the DP Gallery page itself.  Click on the links for more explanations about the indicators used.

Taking into account all the factors on all of these charts, my conclusion is that the S&P 500 is  just starting to enter into overbought territory after a strong 2 week rally.  What is your conclusion?

- Chip

Bringing DecisionPoint Features to StockCharts.com

Today, I am thrilled to announce that StockCharts.com has acquired DecisionPoint.com.

In case you are not aware, DecisionPoint.com was created back in 1992(!) by Carl Swenlin.  It initially started as an old AOL message board but soon morphed into a website.  DecisionPoint.com quickly built a reputation for precision charting, great market timing signals, and a wide range of unique market indicators.  In 2001, they partnered with us in a deal that allowed them to use our original SharpCharts technology to create the charts on the DecisionPoint.com website.

After many years in that successful partnership, Carl and I have decided to merge his website with StockCharts.com so that DecisionPoints features can be used by a broader audience.  We are especially exciting about what happens when you combine DecisionPoint features with StockCharts features like scanning, saved custom charts and chart annotations.

As a result of this merger, starting today, you are now have access to a large number of new features that used to only be available on the DecisionPoint.com website.  The even better news is that all of these new features are available at NO ADDITIONAL COST!

(Note for current DecisionPoint.com members:  If you haven't seen it already, check your email for a message from Carl explaining exactly how the merger affects your existing DecisionPoint account.)

So what are some of these new features?  Here's the current list:

  • The "DP Price Momentum Oscillator (PMO)" - one of the core indicators used by Carl over the years for his timing signals.  You'll now find it in the "Indicators" dropdown for our SharpCharts.

  • The "Zoom Thumbnail" - an option that lets you add a magnified version of the right side of the chart on the right side of the chart.  Look for the checkbox on the right side of the Chart Attributes area below our SharpCharts.

  • Lots and Lots and Lots of Market Indexes - All DecisionPoint indexes have ticker symbols that start with "!".  To see a complete list (there are over 1300!), click on the link below:
    http://stockcharts.com/symsearch/?!

  • The "Legends" settings that we rolled out last week.

  • Some new DP-oriented Color Schemes - you'll find them at the bottom of the "Color Scheme" dropdown.

  • The "DecisionPoint" blog - a new blog for StockCharts users written by Erin Heim, Carl's daughter. For those of you who do not know Erin, she has been officially helping her Dad with the website since 2002 (and actually for much longer than that behind the scenes). Her new role as a commentator for StockCharts will allow her to greatly expand her ability to educate people about DecisionPoint features. Click here to see Erin's initial post and keep an eye out for lots of other new articles in the coming days and weeks.

In addition to those features, there are many more features that will be appearing soon on StockCharts.com including:

  • ChartSchool articles about all of the new DecisionPoint indicators.  Over 20 new articles on each of the various DecisionPoint indicators, indexes and analysis techniques.

  • The "DecisionPoint Trend and Condition Chart Gallery" will be a new area of our site containing the most popular charts from the DecisionPoint website.  Once you are familiar with them - and Erin's blog will help with that - these charts can quickly give you some unique insights into the current health of the market.

  • "DecisionPoint ChartPacks" - a collection of ChartPacks contains all of the existing charts on the current DecisionPoint.com website.

  • "Unique DecisionPoint Scans and Alerts" - ways for you to add the power of DecisionPoint's indicators and signals to your custom scans and alerts.

  • And much more!  We are still brainstorming on ways to best incorporate this huge collection of content into our site.

The timeline for adding these additional features has everything in place by the end of March (hopefully sooner).  Some of the items listed above are very close to being completed right now - for instance the ChartSchool articles should be up sometime next week.  The DP Chart Gallery is also close to complete.  Watch the "What's New" area of the Home page for the latest additions.

By adding the DecisionPoint feature set to StockCharts.com we have continued to increase the value of our site to our users without increasing our prices.  Carl and I hope everyone benefits from these new capabilities.  After you've had a chance to use them for a while, we'd love to hear your feedback.

- Chip

 

Browser Extensions May Be Inserting Ads Into Our Pages

Recently we've gotten an up-tick in the number of paying members reporting that they are seeing ads on our website even though they are logged in to our website.  That is a problem because our website is designed so that paying members who are logged in should not see ads on our charting pages.  So where are these ads coming from?

A strong possibility is that they are coming from a plug-in/extension that the user added to their browser at some point in the past.  This morning I found a good article that explains exactly what is going on.  Here is the link:

http://lifehacker.com/many-browser-extensions-have-become-adware-or-malware-1505117457

I recommend that everyone read that article and re-evaluate all browser plug-ins that you have installed in light of this new issue.

- Chip

Now You Can Set Your Own Up/Down CandleStick and Bar Colors

Today I'm happy to announce that we have just updated our SharpCharts workbench to allow two new capabilities:

1.) You can now set the "up" color and the "down" color independently for the bars/candlesticks on your chart.  If you want green bars on up days and purple bars on down days, you can now do that.

2.) You can also now use filled candlesticks for both up days and down days.  The traditional Japanese method of drawing candlesticks uses hollow candles for up days, but some people want them to be filled with a color - so we now allow that.

Here are a couple examples of charts that you can now create with these new features:

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(Click on the charts above to see how they were created)

Pretty cool huh?  In order to allow this to happen, we had to move around some of the boxes in the "Chart Attributes" area of the SharpCharts workbench.  Here's what we did:

  • The "Color Prices" checkbox has been replaced with two dropdown boxes labelled "Up Color" and "Down Color"
  • You can set "Up Color" and "Down Color" to "Auto" if you don't care what color your candles are - otherwise choose whatever color you want from those dropdowns.
  • We've added a "Solid Candles" checkbox.  If that is checked, we will fill in both up candles and down candles with color.

By the way, these settings work will most chart types but not with Elder Impulse Bars - their colors are fixed.  In addition, the "Solid Candles" setting works with all "candlestick-like" chart types including CandleVolume and Heikin-Ashi.

Just to be clear, the use of these features is optional.  If you don't change things, you can still create charts that look exactly like the charts you've always used.

If you love this new feature, let us know in the comment section below.  If you have problems with this new feature, send us a message on our Support page.  If you hate that we changed something and rocked your world, well... we'd still like to hear from you in the comments below ;-).

Enjoy!
- Chip

Greg Schnell Joins StockCharts as a Full-Time Technical Analyst

GSI am very pleased to announce that Greg Schnell has joined StockCharts.com as a full-time time technical analyst.  As you probably know, Greg has been providing market commentary to us via his free blog - the Canadian Technician - for several years now.  Greg has also been help me present the SCU seminars in cities throughout North America.  Greg's ability to communicate technical topics clearly and understandably make his a perfect fit for StockCharts.  

By coming onboard full-time, Greg will now be contributing to the site in a wide variety of ways in addition to his blog.  For example on Thursdays, starting today, members will see Greg contributing to the Market Message area of the site.  (Also, as part of that change, members will get an additional Market Message post from John Murphy on Saturdays.)   Greg will also be contributing to our ChartSchool area, our Videos area, and our other free blogs (Mailbag, Don't Ignore This Chart, etc.).

Over time, Greg and I will be working to expand our commentary capabilities to include new technologies like webinars and online question/answer sessions as well.

Again, I am thrilled to welcome Greg onboard full-time and I'm sure that he will have a very positive impact on the site moving forward.

One last thing - This is the first of a series of announcements we will be making over the next couple of months about new market commentary content we'll be adding to our website.  We've been hard at work behind the scenes lining up some very exciting new contributors for the site that will greatly enhance the value of our commentary and tools.  Stay tuned...

Happy Holidays!
- Chip

The Three Key Assumptions of Technical Analysis

One of the great aspects of our new Certified ChartWatchers exam is that we get feedback as to which questions people are struggling with.  Clearly, those are the questions that point to aspects of Technical Investing that we need to do a better job educating people about.

For example, one of the questions that many people are struggling with asks about the Key Assumptions of Technical Analysis.  Those are the three things that you must verify are true before you can apply standard chart and/or indicator analysis to a particular chart.  Here they are:

1.) High Liquidity -

Liquity is essentially volume.  It means that shares have the ability to trade quickly without dramatically affecting prices.  If someone buys 100 shares of Microsoft today, that trade by itself will have almost no effect on the price of the stock.  Why?  Because MSFT is extremely liquid with lots of buyers and selling at any given moment.

Low Liquidity is a trap that many amatuer investors can fall into.  When you buy a stock with low liquidity, you probably won't get it at the price you were quoted because there are no sellers at that price.  The broker has to raise the price - often significantly - before a buyer can be found.  Similarly, when you sell a low liquidity stock, the broker will need to lower the price significantly to find a seller.

In addition, low liquidity stocks are often very low priced - often less that 1 cent - and that means that their price can be manipulated by someone with lots of resources (and lots of time).

None of what I just said is illegal or hidden or "wrong" in any way.  It is just that the principles upon which Technical Analysis is based assume that only normal market forces move a stock's price - not the manipulation or issues with trading volumes that low liquidity stocks can have.

2.) No Artificial Price Changes -

Similar to the reason for high liquidity, prices cannot be changed by forces other than the fear and greed that drives the market.  Anything else that changes prices is considered "artificial" and needs to be eliminated before standard technical analysis techniques can be applied.

So what is an example of an "artificial" price change?  Splits, dividends and distributions are the most common "culprits."  When a stock splits, let's say 2-for-1, the market participants don't really care.  They get double the shares at half the price - a net-zero transaction that doesn't change their opinion of the stock one way or the other.

However, consider what happens to the stock's chart.  It now has a huge (50%) gap down on it.  If you didn't know about the split, you'd be very worried about the stock.  And, because technical indicators are dumb, they would all give bearish "sell" signals at that point.

For this reason, the effects of these "artificial" price changes must be removed from the data before standard technical analysis techniques can be used.  Ironicly, this is done by adjusting all of the data prior to the split downwards thus eliminating the gap on the chart.

3.) No Extreme News -

Technical Analysis cannot predict extreme events such as, for example, a company's CEO dying unexpectedly or the huge tragedy of 9/11.  When "extreme news" happens, technicians have to wait patiently until the chart settles down and starts to reflect the "new normal" that results from such news.

 

Now, again, it is important to understand that I'm not saying that charts are useless when one or more of those three things occur.  What I am saying is that the philosophical underpinings of the signals and chart patterns that traditional technical analysis uses are gone on those cases.  Standard technical signals and predictions cannot be accurately used in those circumstances.

For more on the underpinings of Technical Analysis, see our ChartSchool articles on the topic by clicking here.

- Chip

The Inspector Says Goodbye to Flash and Hello to HTML5

Today we are pleased to announce that our "Inspect" tool now uses HTML5 instead of Adobe Flash! The HTML5 version of the Inspector has the following advantages:

  • It loads much faster 
  • It is more responsive, especially on slower devices
  • There is no pause or screen flash while the new Inspector is starting.
  • It doesn't require the Adobe Flash plug-in to be installed
  • It works fine with ad blocking plug-ins that restricting Flash advertisements
  • It works on most mobile devices including iPads and iPhones!

The only downside to this migration is the same downside we've been warning people about for over a year now - HTML5 requires the use of one of the following up-to-date web browsers:

  • Internet Explorer version 9 or higher
  • The latest version of Mozilla Firefox
  • The latest version of Google Chrome
  • The latest version of Apple Safari
  • The latest version of Opera

If you are still using Windows XP, that means that you cannot use IE anymore because Windows XP still only supports IE8.  We recommend using Firefox or Google Chrome instead.  (You'll be amazed at the speed improvement as well.)

And now for the really big news - because the HTML5 version loads so much quicker than the Flash version, we now preserve the "Inspect" setting on the SharpCharts workbench page.  This is something people have been asking for for quite some time.  The setting is now saved in a Cookie for as long as your browser stays open meaning that if you want to use the Inspector with all your charts, you'll only have to turn it on once per session.

As always, please let us know what you think in the comments area below.  If you find a bug with the new version, please let our support team know.

- Chip

P.S. We had to keep the Flash version of the Inspector super small so that it loaded quickly.  Now that we have the faster HTML5 version working, we will be able to add more features to it over time.  Watch for new features to start appearing in the Inspector soon.

Introducing Arms CandleVolume Charts

This week I'm attending the International Federation of Technical Analysts (IFTA) conference in San Francisco.  The conference started with a great presentation from Richard Arms.  Many of you may recognize his name.  Richard is probably most known for inventing the Arms Index (a.k.a. $TRIN).

Richard has made several other important contributions to technical analysis as well however including popularizing EquiVolume charts.  Those are the charts that show price movements as boxes whose height is equal to the stock's daily range and whose width is proportional to the daily volume.  Here's an example of an EquiVolume chart for AAPL:

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(Click the chart for a live version)

In his presentation yesterday, Richard explained that he really likes how the boxes give you a great sense of the "supply and demand" for the stock.  In the chart above, notice how the boxes are generally bigger near bottoms and the generally get smaller towards the tops as the rallies run out of steam.

Richard explained that several of his partners took the concept of EquiVolume charting and then applied it to candlesticks, eventually coming up with what we now call CandleVolume charts.  CandleVolume charts are candlestick charts where the width of the candle is proportional to its volume.  Here is that same AAPL chart using CandleVolume:

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In a statement that was a surprise to me, Richard said that he never liked CandleVolume charts because, by not emphasizing the stock's entire range, they don't fully show the supply and demand characteristics that EquiVolume charts do.  (Remember, candlestick charts emphasize the distance between the open and the close, not the high and the low.)

In the two charts above, you can see what Richard is referring to.  The differences between the bottoms and the tops are much more noticeable on the top chart.  For example, the bottom in late June is preceeded by a very noticeable cluster of small boxes on the EquiVolume chart and then, during the bottom's formation, the boxes are larger and taller.  That price action is much less noticeable on the CandleVolume chart.

Despite that weakness, Richard did say that there were several other aspects of CandleVolume that he liked and so he had been working with his partners to create a new kind of chart with the benefits of both.  He's calling this new type of chart the "Arms CandleVolume" and it, quite literally, is the combination of both styles - a CandleVolume chart with EquiVolume boxes around each candle.

During his presentation, Richard said that this new kind of charting would be available in a couple of weeks or so.  That got me to thinking and, a couple of chat messages later... ta da!

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Aren't our programmers wonderful?  Richard was thrilled when I showed him.

As of today, anyone can now create these charts using our normal SharpCharts workbench.  Simply select "Arms CandleVolume" from the "Type" dropdown on the SharpCharts page.

Everyone should consider this chart type to be "experimental" for now.  Richard himself is still playing with them to see if  they are really as useful as he thinks they should be.

I will say that, in general, these new bars are more useful on larger charts where the boxes can be visually larger and more distinct.  Coloring the bars can also help.  Here's a "Zoomed in" version of that bottom on the AAPL chart I was discussing previously:

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Please spend some time with this and let me know you thoughts in the comments section below.

Want to learn more about these kind of charts?  Check out our ChartSchool articles on them and also check our Richard's book on the topic.

- Chip

Announcing the StockCharts ChartList Framework - A New Way to Organize Your Saved Charts

Today I'm very happy to announce the StockCharts ChartList Framework, a new method for organizing the charts stored in your account.  "The Framework" is free and very easy to install - it is also completely optional, no one is required to use it.

The Framework was created to help Extra, ExtraRT and PRO members that aren't sure how to use our ChartList feature effectively.  If you have a jumbled, confusing collection of saved charts and ChartLists in your account, the Framework is for you.  If you can't find charts that you were sure you saved earlier, the Framework is for you.  If you are still jamming all of your saved charts into one or two huge ChartLists, the Framework is for you.  If you have no idea how to begin to organize your charts... well, you get the picture.

On the other hand, if your ChartLists are working great for you and you have a system that keeps everything organized then you do not need the Framework.  Remember its use is completely optional.

The StockCharts ChartList Framework helps you organize your ChartLists in a way that reinforces the typical workflow of a technical investor.  By that I mean that it groups your personal ChartLists into collections focused on the key phases that technical investors go through every day.  Specifically,

  • Analyzing the Major Markets
  • Finding Strong Sectors and Strong Industries
  • Finding Strong Stocks by Running Technical Scans
  • Watching Potential Buy Candidates
  • Monitoring Currently Open Positions
  • Reviewing/Learning from Closed Positions

At its core, the Framework is a collection of empty ChartLists with distinctive names that group your own ChartLists into those key investing phases.  Here's a picture of what the Framework looks like immediately after being installed into a new account:

TheFramework

Once the Framework is installed you should add your own regular ChartLists inside of it to make it truly useful.  To add a ChartList into the Framework simply give it a name that starts with a 4-digit number that fits inside the Framework's numbering scheme.

For instance, let's say that you have a collection of charts of the various International Exchanges that we cover - symbols like $CAC, $NIKK, $BVSP, etc.  If you are using the Framework, you'd create a ChartList that begins with a number between 1200 and 1400 because those are the number that the Framework reserved for International Exchange ChartLists.  The actual number that you use is up to you - it depends on what order you want to see your various International ChartLists in.  For this example, let's say that we wanted to use "1250."  In that case, we'd click on the "Create a New List" link just below the ChartLists and create a new list named "1250 - My International Exchange Charts" (or whatever name you wanted).

Once that was done, and you created some charts inside that new list, the bottom of the Members page would look something like this:

Framework2

You should continue adding new ChartLists (or renaming your old ones) with numbers that cause them to "slot" into the appropriate part of the Framework.

Note: The Framework is automatically installed when you install one of our ChartPacks.  If you'd like to install the Framework by itself (and you a member of our Extra, ExtraRT or PRO services) you can quickly install it into your account using these steps:

  1. Log in to your StockCharts.com account
  2. Click on the "Your Account" link at the top of the page in the righthand corner.
  3. Scroll down and find the "ChartPacks" section of the page
  4. Click on the link that says "Click here to learn more about the optional StockCharts ChartList Framework"
  5. Carefully read the information provided on the next page.
  6. If everything looks good, click the "Install Framework" button at the bottom.
  7. Use the "Create a New ChartList" links on the "Members" page to start populating the Framework with your charts.

Let me be clear, there is definitely some work involved when you first set up the Framework.  However the payoff for that work is a much better organized collection of charts that will make StockCharts.com much, much more useful (and hopefully profitable) to you for years to come.

Q: But wait a second Chip.  I'm way too lazy to want to create all those charts and ChartLists inside the Framework.  Isn't there some way that you could automatically populate key parts of the Framework for me?

A: I'm so glad you asked!  Yes, yes there is.  Stay tuned for another major announcement from us this weekend concerning "ChartPacks" and how they plug-in to the Framework in a way that greatly expands your charting capabilities.

Until then, try out the Framework and see if it works for you.  Getting organized doesn't get any easier than this!

- Chip

P.S.  For those of you that have maxed out the number of ChartLists you can have in your account (200 for Extra, 300 for PRO), don't worry.  We've given you an additional 50 ChartLists that you can use for installing the Framework and our new ChartPacks.

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