March 07, 2014 at 4:59 AM | written by Arthur Hill
Chartists can access some basic fundamental information by selecting the full quote option, which is a check box under Chart Attributes. Checking this box will show chartists the sector/industry group, the P/E ratio, the Earnings Per Share (EPS) and the dividends (yes/no). Chartists can also view recent trading activity, such as the bid, bid size, ask, ask size and last trade size. There is also the Volume Weighted Average Price (VWAP) and the StockCharts Technical Rank (SCTR), which is available for stocks for the S&P 500, S&P MidCap 400, S&P SmallCap 600 and Toronto Stocks.
February 28, 2014 at 5:02 AM | written by Arthur Hill
Do you have any ready made groups for PerfCharts and CandleGlance charts? Yes, 14 key groups are posted below, but first an overview of how to use these two tools. PerfCharts allow chartists to compare performance for a group of securities over various timeframes. Chartists can use up to ten symbols and view performance in absolute or relative mode. Absolute mode simply shows the percentage gain/loss over a time period. Relative mode shows the performance relative to a benchmark, such as the S&P 500. The Sector SPDR PerfChart below shows performance for the nine sectors relative to the S&P 500 since January (year-to-date).
Click this image for a live PerfChart
As the name implies, CandleGlance charts are small charts that provide chartists with a quick look at price action for up to twelve symbols. Again, this is a great way to get a quick overview of what's happening within a particular group. The image below shows part of a CandleGlance group for the Technology SPDR (XLK).
Click this image for a live version.
The only thing we need now is a list of groups and the key symbols within those groups. Ask and ye shall receive. There are fourteen symbol lists below that chartists can use to create PerfCharts and CandleGlance chart groups. Simply copy the list, paste it into the symbol entry box, select the chart type, and click go. Some of the lists contain more than ten symbols, which means a culling will be needed for PerfCharts, which accept a maximum of ten symbols.
Major index ETFs: DIA,SPY,RSP,MDY,IJR,IWM,QQQ,QQEW Equal-weight Sectors: RSP,RCD,RYT,RYF,RGI,RYE,RYM,RHS,RYH,RYU Sector SPDRS: SPY,XLY,XLK,XLF,XLI,XLE,XLB,XLP,XLV,XLU Key Industry ETFs: XRT,ITB,KRE,IYR,XSD,FDN,XBI,XES,XME,IYT Inter-market ETFs: SPY,QQQ,IWM,TLT,IEF,USO,JJC,UUP,FXE,GLD
February 21, 2014 at 3:15 AM | written by Arthur Hill
There are several different ways of viewing advance-decline data and this article will highlight three of the most popular methods. In this example, we will look at different ways to analyze S&P 500 AD Percent ($SPXADP), which is advances less declines divided by total issues. For example, if 300 S&P 500 stocks advance and 200 decline, AD Percent would be +20% ((300 - 200)/500) = +100/500 = +.20 or +20%). This number is positive where there are more advances than declines, and negative when there are more declines. AD Percent is a breadth indicator that measures the degree of participation behind a price move. An advance with AD Percent above +70% reflects broad participation, while an advance with AD Percent near +10% shows narrow participation.
Now that we know how the indicator is calculated, let's look at three different chart variations for S&P 500 AD Percent ($SPXADP). The main window shows the AD Line, which is a cumulative measure of AD Percent. The AD Line rises when AD Percent is positive and falls when AD Percent is negative. A 50-day moving average was added as an overlay.
Click this image for a live chart
The middle window shows AD Percent in raw format using the new "histogram" option, which is shown as the first indicator option below (1). Chartists can now see perpendicular up bars when AD Percent is positive and down bars when AD Percent is negative. The bottom window shows the 20-day EMA of AD Percent. I added AD Percent as an indicator using the "price" function and then set its as "invisible" using the "style" drop down menu, which is shown as the second indicator option (2). The moving average was then added as an indicator of this indicator. Notice how the 20-day EMA of AD Percent oscillates above and below the zero line like a momentum oscillator. StockCharts calculates AD Percent, AD Volume Percent and High-Low Percent for several major indices, the nine sectors SPDRs and Gold Miners ETF (click here for a list).
February 13, 2014 at 11:44 PM | written by Arthur Hill
Chartists can add symbols from a csv file in four easy steps. First, create a csv file using Excel, Numbers or another spreadsheet program. Place the symbols in the first column and the names in the second column. Save the file as a CSV file.
February 11, 2014 at 2:08 PM | written by Greg Schnell
I recently received an email asking why some of the annotations didn't track properly.
Here is a chart of a cumulative chart type with annotations.
I want to point out a few things. Because the chart is calculated as "cumulative" the annotations do not track. You will notice the 2 red lines are not in line with the price action they are overlaying. This is normal on a cumulative chart. The other thing to notice is when you use the angle line tool, the lines will only remain at the length you originally drew them. They will not continue to extend to the right as the chart updates. A horizontal line which is the 3rd box from the left on the annotation tool will continually update and get extended as new days come on the chart.
Because it is a cumulative chart, all the annotations are moved including your text boxes. So as the left edge changes on the chart, my annotations circled in red have pushed down. The line marked B is a horizontal line made with the angle line tool so it does not extend to the right. The line marked A does.
To get the extra white space on the right of the chart, use the 'extra bars' in the Chart Attribute area.
You will have the same appearance with an OBV chart.
If you have other questions on annotating, feel free to ask me or use the help box on the top right of the annotate box. It is actaully a help box that helps.
February 05, 2014 at 11:04 AM | written by Greg Schnell
StockCharts recently acquired all of Decision Point's Charting tools. Only about 1/2 the tools have been converted onto the StockCharts platform, but more and more will arrive shortly.
One of the tools now available is so nice. You can look at a longer term chart and have a thumbnail that zooms in on the last time frame. What makes this so powerful, is it takes the entire vertical height of the 8 month chart and focuses it on the last month in my example below. This really helps put the most recent price action into perspective!
Here is a US listing of Suncor. Why Suncor? It broke out of a trading range recently. It really makes the value of the Zoom Thumbnail tool obvious.
Notice how the entire vertical height of the chart is used to display the last month. It rescales the little box on the right based on the minimum and maximum price. It also focuses your indicator panels as well. Rather than the MACD being the bottom 1/3 of the MACD box, the zoom tool uses the whole box height for the last month. The most important data is on the right edge of the chart, and this is where the benefit of 'Zoom Thumbnail' really helps.
Where can you find this tool?
See the checked box on the bottom right in the Chart Attributes. Just click it. This also works on other timeframes.
January 29, 2014 at 10:56 AM | written by Greg Schnell
I received this chart from Jason M. It is a very timely look at Real Estate after the glowing year of 2013 in the media. The iShares IYR is an ETF tracking real estate. I have added the SCTR line so we can see how it ranks as an ETF.
As we can see, a very clean trend line supports the ETF throughout 2012 and 2013. However, the ETF has dropped in relative strength as shown in the SCTR. At 27.2, it is barely above the 4th quartile of ETF's.
What makes it a more compelling chart for me is when we add two more lines.
Notice how the Head/Shoulders tops were both skewered coming off the head in the pattern and the right shoulder was a back test of the black trend line. Investors should be aware of the big picture trend on the charts.
January 26, 2014 at 2:26 PM | written by Greg Schnell
Chip announced a new feature on the website yesterday. Let's look at it here in the Mailbag.
The legends used to have two options - On and Off.
What changed is a new option called Verbose.
When the Chart has additional panels with price data in them, the verbose option will show the entire name of the stock, index, etf etc. rather than just the ticker symbol in all the price panels. To turn this feature on, you'll see it on the far right hand side of Chart Attributes.
Here is how it changes the chart. Note the green arrows. This explains each ticker for readers of the chart.
While we are here, lets analyze the chart above. in the top panel, is the global stock index. It seems to need 4 channel lines rather than 3. While the $NYA and $TSX (Canada) have been at the top of their ranges, the world index has been sitting in the middle. The bottom panel shows the all world index without US stocks. On the green chart you can see it sits well below the middle of the range. These major up trend lines won't fall easily, but it looks like the Vanguard all world ex US index lower line will be tested this week. Especially if the other world exchanges follow the big down day in the US on Friday January 24th.
Hope you like the new tool - The Verbose legend setting!
January 24, 2014 at 5:48 AM | written by Arthur Hill
StockCharts uses dividend-adjusted data by default and this can create discrepancies between our data and that of other vendors. Fortunately, StockCharts users can choose between dividend adjusted data and unadjusted data. A normal symbol entry, such as "XLU" for the Utilities SPDR, will show dividend-adjusted data. Chartists can change this to unadjusted data by adding an underscore in front of the symbol (_XLU).
Dividend adjustments are not that important for securities that do not pay dividends or that have very low dividend yields. Visible differences, however, do arise with securities that pay relatively high dividends, such as REITs, utilities and Bond ETFs. A security's price is adjusted lower on the ex-dividend date to reflect this dividend. StockCharts adjust this data by adding the dividend back to the price series. This dividend-adjusted data gives chartists a truer picture of total return, which is price appreciation plus dividends. Note that StockCharts users can track data adjustments by checking the Data Update blog. The screen shot below shows a dividend of 19.73 cents for the High Yield Bond SPDR (JNK) on December 27th.
Let's look at some examples to highlight the difference. The first chart below shows the High Yield Bond SPDR (JNK) using adjusted data, which includes the dividend. Notice that JNK is trading near a 52-week high and the ETF is up around 5% over the past year. The second chart shows unadjusted data for JNK, which does not include these dividends. There were twelve dividends of around 20 cents over the past year. That is a significant part of the return, especially for a high-yield bond ETF. Without these dividends, the ETF (_JNK) shows a loss over the past year and remains well below the May high.