Going to show you a little different chart today, just to mix things up a bit. It tells me a story and I’m going to give you a very basic briefing on how to read it.
Starting with the upper left corner, you are looking a minute chart for the day. It gives me an instant picture of the mood of the market by the minute. The top middle chart is the 5 minute chart and it will give me the 5 day look with less noise or movement and gives me the very short term trend. Top right chart is the 30 minute chart and it takes out even more noise and also gives me a short term trend. I am looking at 10 days worth of data.
Now the bottom row. Bottom left is the daily chart and this chart I post ever week and do a breakdown on. It will give me buy and sell signals that I use to give me a heads up that changes could be coming soon. It is fast moving in comparison to the weekly and monthly. Bottom middle is the weekly. It gives me my intermediate trends. It also gives me buy and sell signals. Bottom right is my monthly and ultimate decision maker for the TSP. I have found nothing that works with any of these charts as in, moving averages, CBL’s, trendlines, or studies, that work as well as the monthly with the 10 period ma. The monthly chart gives me our long term trends lines.
So in conclusion, the daily, weekly, and monthly give me short, intermediate, and long term trend lines that I draw using pivot lows. When all 3 charts are a buy, we normally get nice rides for very long periods of time. Remember, I’ve been invested int he C and S since Feb and Mar of 2016 without pulling out.
Just looking at the top middle chart, you can see that the S&P 500 had a sharp spike up Monday and the drifted lower the rest of the week. The upper right chart is saying we are flat. We did have a small .22% gain and the uptrend conitnued. All 3 bottom charts are a buy and you can see no threat that would indicate the up trend ending.
The Small Cap also busted out the gate first thing Monday morning. Tuesday and Wednesday, gave it all back plus some. Come Thursday and Friday, got it back and ended up with a very nice gain. Looking at the 30 minuted chart, top right, we are flat. Looking at the daily, it comfirms flat. So if you were trying to make decision daily using the movement on the top middle chart, you would drive yourself nuts. Bottom right chart, monthly, says Buy and stay invested.
The Inernational did the exact opposite Monday morning by flopping big time. The bright side looking at the top middle chart is that it held that level and didn’t get any worse. You can also see clearly here that the sell signal was fired because price fell below the red CBL line. Looking at the bottom left chart, daily, you can see price almost closed below the 50 day moving average which would have fired the 2nd sell signal. The I-fund is under a little stress here. Looking at the daily and weekly chart on the bottom row, it is looking like a change might be coming. The monthly is still smooth and on track, so it remains a buy.
Looking at the top middle chart, you can see Bonds rose everyday last week. Looking at the 30 minute, we are up, but flat for the for the last 7 to 8 days. The bottom 3 charts are just slowly grinding higher. You can also see here how well we did getting in near the bottom on bonds.
Conclusion: Nothing really changed this week except for two things. The I-fund is looking a littel shaky and indicating on the daily and weekly chart that things are changing and sell signals are looming. The second thing that changed is that we ended up with a gain this week. That is awesome. Next week is the close of the month. Let’s hope our gain of 1.33% for June holds.
So do you like the 6 chart view? Is the 6 chart view confusing? Leave me a comment on facebook and tell me, 6 is better or just the single daily is better. Have a great weekend.
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