| Hello Fellow ChartWatchers! | This week, I'd like to call your attention to the very bottom of our newsletter.
Yep, the bottom. You read that correctly.
Highlighted with a big blue box, the bottom of each week's ChartWatchers Newsletter features our "ChartSchool Tip of the Week". These quick little nuggets are always different, but provide an interesting StockCharts tip that you very well may not know. A quick scan down to the bottom of the newsletter each week and you may just discover something incredibly valuable that can transform the way you use StockCharts.
For instance, this week's tip highlights one of my absolute favorite features in ChartNotes (our chart annotation tool) – the "Auto Support/Resistance Line". Instead of simply drawing a solid line across the chart and making you try to guess where the price is, the Auto Support/Resistance Line is automatically colored green in the sections of the chart where price is above the line (indicating "support"), and red in the sections of the chart where price is below the line (indicating "resistance").
I personally use this feature of ChartNotes CONSTANTLY, as do many of our contributors in their blog articles. Trust me – it's for good reason!
If you're curious to try the "Auto Support/Resistance Line" on your own charts, here's what to do:
1. Head over to StockCharts, pull up a chart of any symbol and then look for the "Annotate" link below the bottom left corner of the chart. Give it a click to launch ChartNotes.
2. In the vertical stack of buttons on the left side of the screen, click the second one down to open the "line tools" menu. The fourth option in that menu is our "Auto Support/Resistance" tool.
3. With the Auto Support/Resistance Tool selected, simply click and drag on the chart to set the position of your support/resistance line. Depending on the chart, you'll likely see that some parts of the line are green and others are red. | | Until next week, | | | |
| THIS WEEK'S ARTICLES | | | | | | SPECIAL EVENT ANNOUNCEMENT | | Attention investors and traders alike! Don't miss StockCharts contributor Brian Livingston at the upcoming Philadelphia MoneyShow, September 26th - 28th. The event is free to register and attend, and you'll have the chance to hear Brian and many other fantastic market experts share their analysis of the current financial climate. Click the banner below to learn more. |  | | LEARN MORE → | | | The Canadian Technician | | A Rough Week Is Behind Us - But What Is Ahead? | | by Greg Schnell | | I have been very bullish on the markets recently and they have continued to perform pretty well until this week. With global markets breaking out to new highs, some promise in emerging markets and a rebound in the commodities, it has been a quick run up from the August lows... | | | | | | | The Traders Journal | | The Crisis of Complexity: A Solution | | by Gatis Roze | | Here’s an important lesson I’ve learned. I’ll call it the “crisis of complexity”. There is something about most investors that makes them have an insatiable appetite for complexity. In reality, complexity is not the hoped-for portfolio accelerator — it is instead the detonator... | | | | | | | ChartWatchers | | Cash Is King Right Now; Join Us TODAY For A Big Event | | by John Hopkins | | Technically, it makes sense to lessen stock exposure any time a major price resistance level is challenged. The all-time high close on the S&P 500 is 3025.86, set on July 26, 2019. On Thursday, the S&P 500 hit 3021.99, less than 4 points from that key level... | | | | | | | | | | | | | MORE ARTICLES → | |
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