Smart Chart Investor

Beyond Buy and Hold: Using Technical Analysis to Reduce the Risk of Long-term Investing

Market Updates

Follow up on Monday’s Notes

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Yesterday I shared a number of potential trade opportunities. These had all tagged or were approaching their primary support levels. Today, we're going to see how they reacted to support and if we received confirmation. Let's review the potential opportunities on yesterday's blog... *Head over to the website and full article for all the charts! See the charts here. Schwab US Aggregate Bond ETF (SCHZ) weekly Price opened and closed below support on Monday. This is bearish. We were … [Read more...]

Stock Market Pundits, Analysts and Prognosticators…”You’re Fired”!

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They sure all got it wrong again. What 5%-10% correction in the days following a Trump victory? What a bunch of morons. When will they learn that it is IMPOSSIBLE to predict the market. I prefer evidence based investing. This is what I know to be true... There are inflection points in price action that can be taken advantage of. These inflection points can virtually pinpoint turning points in price like the bottom in 2003 and the bottom in 2009. These inflection points can also be … [Read more...]

Election coming; Fasten your seatbelts

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It's about to get bumpy. The ETF that mirrors the S&P500, SPY, has broken the 2016 trend line; support shown as upward sloping blue line on chart (below). Granted, it's a pretty steep trend line, however, the fact that price violated this price zone is bearish. S&P 500 Index ETF (SPY) daily In addition, price is fast approaching primary support; the upward sloping white trend line from the bottom in 2009 (above and below charts). This rising support zone was broken earlier in … [Read more...]

Update on the EWZ Trade

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Rio de Dinero is doing a double reverse, butterfly Ryan Lochte. Price has moved up through resistance and is approaching more resistance. See chart below. Brazilian Index ETF (EWZ) daily ​​​​​​​ Price should pull back after tagging red horizontal line for a better exit tomorrow or Thursday. Plan on an exit soon. Trade Smart, Don Roth … [Read more...]

Recent Market Updates