Most overnight successes — in fact any significant successes — take at least 5 years. Budget your life accordingly. — Kevin Kelly
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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.
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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.
Navigating Market Trends with Patience and Precision
The Journey to Success: A Long-Term Commitment Embracing the wisdom of Kevin Kelly, we understand that significant success, including mastering the financial markets, is not an overnight achievement. It requires dedication and time – often years of persistent effort. Our message to you is clear: don’t worry about how long it takes to master chart analysis. The time invested in learning and practicing is an investment in your future trading success.
Today’s Market Analysis: A Day of Mixed Movements In today’s trading session, we observed a variety of movements across different sectors. The S&P 500 experienced a significant surge, closing up by 1.94%. Despite this strong performance, a closer look at the volume suggests cautious optimism as it wasn’t as high as expected given the price movement. The NASDAQ 100 followed suit, marking an increase of 2.15%, showcasing a robust upward trend.
Bonds: The Day’s Biggest Gainer 20-year bonds stood out as the biggest gainer for the day, jumping up by 2.27%. While this is a remarkable daily gain, the weekly candle and volume patterns necessitate continued monitoring to understand if this marks the beginning of a sustained upward trend.
Gold: A Slight Increase Amidst Stability Gold showed the smallest uptick among our tracked assets, increasing by 0.89%. Currently positioned at a critical juncture on the trend line, gold’s next moves are crucial in determining its future direction. Monitoring its volume and candlestick patterns will provide further insights into potential trends.
Bitcoin: Experiencing a Notable Pullback In contrast to the stock market and bonds, Bitcoin experienced a significant pullback, declining by 4.04%. This downward movement, the first red candle on the two-day chart in some time, raises questions about Bitcoin’s short-term momentum and whether this signifies a broader trend reversal.
Leveraging Updated Market Worksheets for Enhanced Analysis To aid in your market analysis, we have introduced updated daily, weekly, and trade worksheets. These tools are designed to supercharge your training, helping you to focus on key market dynamics and refine your trading strategies. Whether you’re reviewing daily trends or evaluating specific trades, these worksheets can significantly enhance your analytical skills.
Final Thoughts: Embrace the Learning Process We encourage you to embrace the learning process with enthusiasm and patience. Remember, mastering the markets is a journey, not a sprint. Utilize the resources available, like our market worksheets, to deepen your understanding and improve your trading skills. As always, we’re here to support you every step of the way.
