June 11, 2012 at 10:46 PM | written by Chip Anderson
Way, way, way, WAY back in the early days of my Internet career, I maintained a mailing list called "Chip's Charts" (anyone else remember? no? lol!) In that list, I tried to keep people up-to-date with the Sector Rotation model of the business cycle. It was basicly the same idea that underlies our current S&P Sector PerfChart tool.
As you can imagine, that means that I am thrilled when I find other people using those same concepts in their own charts just like David Calloway is doing in his brand new Public ChartList. Here's a sample:
As you can see, David has taken the time to explain his ideas clearly in comments on the chart including his current take on where things might be in the business cycle. This is great stuff and can help you determine which sectors and industries might do well in the coming weeks and months. Be sure to vote for David's list if you enjoy this kind of analysis and consider adding it to your "Followed" lists if you are a StockCharts member.
- Chip
June 05, 2012 at 2:12 PM | written by Chip Anderson
Binary systems are very simple. Basically, you select a series of technical signals and give each signal a value of +1 (bullish) or -1 (bearish). For each chart, you then add up all of the values to get a final "score." You then look to see if the score is above (or below) a preset threshold.
Sean Gallagher's short list is a great example of a binary system in action. While it only has 2 charts in it (currently), you can see exactly how Sean is scoring things and drawing his conclusions. His $SPX chart includes the Dow Transports and Dow Utilities indexes also with things like the Advance-Decline line to come up with an overall US stock market score (which is currently bearish by the way). His second chart has similar information for the Canadian market.
Short and to-the-point, "AlphaDow Barometer Lite" shows how anyone can create a simple system for comprehensive, objective market analysis.
- Chip
May 28, 2012 at 6:43 PM | written by Chip Anderson
Edward Leventhal's Public ChartList has a modest name that says it all - "Stocks/ETFs of Possible Interest." Edward describes his chartlist as "food for thought" and that is exactly what it is. The charts are well documented with basic technical studies and recent new events mentioned via callout boxes. They can help anyone get up to speed instantly with each of the companies included. For example, here's the recent (May 25th) take on Kellogg (K):
Lots of great information there nicely presented.
What I love about this approach is that Edward appears to be using the Public ChartList area not as a publicity vehicle for himself or some website, but as incentive for improving his own technical analysis skills. That is one of the primary reasons we provide the Public ChartList area and it is often forgotten. By sharing your analysis with the rest of the Internet, you will almost automatically improve and expand your T/A abilities.
If you enjoy Public ChartLists that are more in the "Food for Thought" category like Edward's list is, please be sure to visit them and, if you are a StockCharts member, "Vote" and "Follow" them to encourage their authors to continue their great work.
- Chip
May 12, 2012 at 2:14 PM | written by Chip Anderson
Dirk Hettrich's "Broad Look To Various Markets" contains some seriously long-term charts that he's been commenting on for years - back to 2005 in many cases. These long-term monthly and weekly charts are focused on the relationships between the different markets out there including Gold, Currencies, and different Market Caps. Dirk also mixes overlaid candlestick charts with point and figure charts and performance charts to bring multiple perspectives to his analysis. Here's an example:
Dirk's long-term approach - developed over many years - is worth a closer look which is why his list is this week's "Publick ChartList of the Week." Enjoy!
- Chip
May 08, 2012 at 11:33 AM | written by Chip Anderson
We're continuing to highlight our new Public ChartList area. There are many, many great people there putting a ton of time and effort into creating some great chart collections and sharing them with everyone. If you haven't seen it yet, you owe it to yourself to to check it out. (And if you looked at the old version and hated it, you definitely should check out the new version!)
When I look at the Public ChartList area, my eye instinctively goes down to the lists in the middle of the ranking page. These are the up-and-comers, the underdogs, the potential diamonds in the rough. They are worth a little extra energy each week to see what they are up to which is why I'm going to start highlighting them here in my blog.
Here's a terrific example of a middle-of-the-pack list that is worth some of everyone's time: Gary Berkley's "Simple Systems".
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