The path that leads to truth is littered with the bodies of the ignorant. — Miyamoto Musashi
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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 the Currents of Today’s Financial Markets: An In-Depth Analysis
Embracing Knowledge in the Face of Market Uncertainty Drawing inspiration from Mamoto Masashi’s poignant observation, we understand that the path to financial literacy is paved with persistent learning and the dispelling of ignorance. Investing just 10 to 15 minutes daily in market analysis and education can be transformative, setting you on the road to mastering the markets.
Today’s Market Overview: A Mixed Bag In today’s trading, we observed a general uptrend in stocks and Bitcoin, while gold took a slight downturn. The S&P 500 showed a modest increase, hinting at potential growth, but with a nearly flat trend line that calls for cautious optimism. The NASDAQ 100 mirrored this sentiment with a marginally higher rise, yet still under 1%.
Volume and Trend Analysis in Stocks The volume this week in stocks is tracking towards an average level, which might indicate a stabilizing market. However, the recent sideways movement and weak volume at the start of this week raise questions about the sustainability of the current uptrend. We’re particularly attentive to whether we’ve hit a market bottom, as indicated by recent volume trends.
Bonds Showing Signs of Rebound? Bonds presented a green up candle to start the week, despite a decline earlier in the day. This could be a signal of a potential rebound after several weeks of high volume and downward pressure. The key will be to monitor the continuation of this trend and the accompanying volume to gauge the strength of this potential reversal.
Gold: Indications of a Top Out? Gold’s recent movements through our trend line and the decrease in its volume could be suggesting a top out, with the potential for an accelerated downward trend. This offers an opportunity for practice puts in gold, as we closely watch how the volume and price movement develop through the week.
Bitcoin: The Little Engine That Could Bitcoin’s resilience is noteworthy, with a 2.68% increase for the day. Over the past four weeks, Bitcoin has shown a consistent upward trajectory, surpassing previous highs. This steady growth, accompanied by decent volume, is a positive sign for Bitcoin enthusiasts and traders.
Closing Thoughts: Balancing Enthusiasm with Prudence The financial markets are a dynamic and exciting realm, requiring a balance of enthusiasm and careful study. Avoiding burnout is crucial; hence, we advise against overextending yourself in search of trading opportunities. At Charting Wealth, we offer a plethora of resources for practice trading, from three-wave trades to weekly vertical crossovers, especially for our Patreon members. Most importantly, we encourage a disciplined approach to ensure clarity and effectiveness in your market analysis and decisions.
