You can do anything IF you set your goal, acquire the knowledge to achieve it and, without fail, do the work, day-in and day-out. — Thom Goolsby
Sign up at Trading View access my platform and charts: https://bit.ly/3Q55GaU
How to Set Up Our Three Time Frame Chart on TradingView: https://youtu.be/wLwTnrtAOTA
I have opened my page to sharing. Find me on TradingView at Thom Goolsby.
Here at Charting Wealth, we focus on the reality of price movement by following trends. We teach you a simple and effective method to read stock, ETF and crypto charts, keep your emotions in check and learn when to buy and when to sell. Charting is your road map to the market and the riches it can offer.
Forget the hype you see and hear in the financial news media. They are selling products in print ads and commercials. Focus on what is real, no matter how hard it can be to believe! Otherwise, you become a sucker or worse, a slave, to the delusion someone else wants you to believe.
Use the lessons we teach every day to accurately chart any stock, commodity, ETF and cryptocurrencies. We give you daily, real life lessons with the four ETFs we track: S&P 500, NASDAQ 100, 20-Year Treasury Bonds, Gold and Bitcoin. We have all the tools you need to learn how to trade.
For subscribers, we have a GREAT TRAINING to SUPERCHARGE your practice trading: “Golden Ticket: Setting Profit & Loss Bands.” Click here: https://youtu.be/e-EXJT0VZBs
If you are not a subscriber, become one! Subscribe for FREE to our daily market reviews & training at http://www.ChartingWealth.com
We urge you to “Follow the charts, NOT the noise!” and want to help you follow the market and improve your knowledge of stock and ETF movements.
Support our work at PATREON and receive GREAT benefits (training, gifts, etc…): https://www.patreon.com/user?u=14138154
Receive our STOCK ALERTS via TEXT when WEEKLY VERTICAL CROSSOVERS occur. Very valuable information! Less than 8 texts a month. Text “chartingwealth” to 33222 on your cell phone.
At ChartingWealth.com, every day the market is open, we chart the S&P 500, NASDAQ 100, Gold & Bonds. In just a few short minutes, we give you a valuable training update and quickly review the trends we see taking place in the market. At the end of every week, we give you an overview of what happened over the last five days and what’s on the calendar for the next trading week.
DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information — nothing more.
A Deep Dive into Market Trends: Stocks, Bonds, Gold & Bitcoin Analysis
The Power of Persistence and Knowledge in Market Analysis The journey through the financial markets is akin to setting a goal, acquiring the necessary knowledge, and consistently doing the work. Our focus at Charting Wealth is to accurately track price movement, identifying stocks and ETFs that show consistent and reliable trends, and leveraging volume alongside Heikin-Ashi candlesticks for effective market analysis. This is not about chasing small gains through day trading, but about identifying and trading trends on our weekly chart.
Weekly Vertical Crossovers: A Patreon Exclusive For our Patreon supporters, we offer an exclusive glimpse into potential market movements with our weekly vertical crossovers. Each week, we sift through the S&P 500, identifying stocks transitioning from green to red candles or vice versa, and pairing this with volume analysis to offer up to 20 potential practice trade candidates. A notable example this week is Jin Digital, with its distinct past movements and current market position.
Today’s Market Overview Today, we observed a slight downturn in both the S&P 500 and NASDAQ 100, with both indexes down by approximately 0.78%. The half-day chart reveals a trend of fluctuating movements, posing the question: are we witnessing a short-term bump or the onset of a downward trend? This is especially poignant as we notice potential ceilings in recent market highs.
Bonds and Gold: Contrasting Movements Bonds experienced a significant drop after a period of consistent green candles, marking a substantial change in trend. This shift, paired with high volume last week, suggests we might be observing a crucial turning point in bond trends. Conversely, gold is showing signs of losing momentum, down by 0.40% for the day, with the possibility of a continuing downward trend indicated by this week’s dogee candle.
Bitcoin: The Steady Climber In contrast to the fluctuating trends of other markets, Bitcoin continues its steady ascent, up by 2.58% for the day. The ETF representing Bitcoin, XBF, is demonstrating a strong performance, hinting at potentially more robust growth ahead. We’re closely monitoring Bitcoin’s progress, especially given its pattern of steady growth throughout the year.
Wrapping Up the Week As we conclude the week, it’s crucial to stay informed and prepared for the next week’s market movements. Our weekly review and forecast will provide further insights into these trends. For Patreon members, remember to check your emails for exclusive content like charting cryptos, commodities, and currencies, along with three-wave trades and weekly vertical crossovers.
