Hello Fellow ChartWatchers!
The market is trying to rise but bearish news keeps beating it down. One of my favorite market indicators - the McClellan Summation Index - rose decisively above the 400 level at the end of July indicating that it was time to start looking for entry points again. This week however a number of economic reports have kept the stock market in check. While opinions are mixed on what next week will bring, I'm still encouraged by the fact that the Summation Index has continued its upward movement.
(Click here for a live version of this chart.)
DON'T FORGET OUR TWITTER FEED AND FACEBOOK PAGE: We are continuing to improve and expand how we get information out to our users. Be sure to "follow" our Twitter feed (http://twitter.com/stockchartscom) and "friend" our Facebook page (http://facebook.com/stockchartscom) in order to get the latest info on StockCharts.com. Just yesterday, we pointed our Twitter and Facebook fans to a terrific new article by John C. Lee entitled "How I Use Stockcharts.com". Click on either link above to navigate to the article.
GREAT PUBLIC CHARTLISTS STILL EXIST! We know that many of the ChartLists in our Public ChartLists area aren't the greatest. We are constantly working with Public ChartList authors to "up their game" and provide their readers with great content. As part of that effort, I wanted to single out two authors that have created some very nice new lists that everyone should check out.
Greg A. Neal's "IN THE MOMENT" list uses some of our newest features including overlaid area indicators and the Elder Impulse System to create some remarkable charts. His clear annotations compliment the charts and help anyone see how he reaches his conclusions.
John Moschell's "Moschell's Charts" is another list that is clean, neat, and easy to understand. His use of different trendline styles to define channels really sets his list apart.
There are many, many more great Public ChartLists out there besides these two. You owe it to yourself to visit this free part of our website frequently. And remember, if you see a ChartList that you like, don't forget to scroll down to the bottom and VOTE FOR IT. The authors work hard and really appreciate you votes.
IMPROVING PERFORMANCE; IT TAKES TWO: The biggest lesson to come out of all the comments that we received last week is that performance can vary widely depending on how your computer is set up. When I asked for help tracking down a performance problem that Norton Security users had been reporting, I didn't expect the huge number of responses that were sent in - so thanks to everyone for that. There's lots of great advice inside those comments for people that are seeing slowness with our website. If trading is important to you, you owe it to yourself to review those comments and test out some of the ideas there. Why continue to suffer with slow chart speeds when something as simple as installing Google Chrome or switching security software could speed things up by 2 or 3 times?
StockCharts is doing its part too in the battle for faster performance. We are halfway through with the implementation of the XIP web acceleration service from InterNAP. The feedback from last month's test was extremely positive and we hope that soon everyone will be seeing charts appear much faster.
Finally, don't forget to get out and enjoy the final few weeks of summer!
- Chip
