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| Hello Fellow ChartWatchers | Welcome to October! All I can say is wow - what a difference a month makes.
August brought us a slow and steady climb to new all-time highs, with only 5 of 21 trading days closing lower on VTI (the Vanguard Total Index, which tracks the entire US stock market). And then came September...
With those first two days of the month both bringing their own new all-time highs, September lulled us into thinking that more of the same was in store. But the tumble that followed (and the volatility that came along with it) brought us right back down to pre-August levels. Up one side and down the other.
Fortunately, we held the rising 100-day Simple Moving Average (solid orange line on the chart below). And thanks to that late month bounce, we've actually put in a few healthy closes above the 50-day now too (red line).
Personally, I couldn't help but notice that the Anchored VWAP from the short-term highs in June acted as shockingly clear support for the index. Take a look at the thick pink line here, which matches up beautifully with the closing lows from September.
(p.s. Click the chart above to see a live version in ACP!)
Oh, and since many of you may have just said to yourself, "Hold. The. Phone. Anchored VWAP?! On StockCharts?!" – yes, it's true! The Anchored VWAP is now available in StockChartsACP.
Not only that, we've also given it a very handy, interactive "click to set" function that allows you to anchor the VWAP line simply by hovering over the chart and clicking where you want to set the start point. Efficiency at its finest if you ask me!
Anyways, I'll have much more for you on the new Anchored VWAP indicator in our next ChartWatchers Newsletter, including details on some special interviews we'll be hosting with Brian Shannon of Alphatrends. Until then though, go have yourself some fun and play around with the new indicator in ACP. It's a unique, remarkably powerful technical tool and easily one of my favorite new additions to the platform. | | Chart on, my friends. | | | |
| THIS WEEK'S ARTICLES | | | | Art's Charts | | Mind the Gap in SPY | | by Arthur Hill | | The S&P 500 SPDR (SPY) gapped up on Monday and broke out of a classic correction pattern. The breakout is bullish, but the coast is not entirely clear. Here's what to watch going forward... | | | | | | | | | The Canadian Technician | | Car Companies Other Than Tesla | | by Greg Schnell | | This week, I hosted a one-hour special edition of Market Buzz on the Electric Car theme. While I have 29 currently on my list, there are some compelling charts other than Tesla to check out. BYD Co. (BYDDF) BYD is a large manufacturer competing in the electric vehicle space... | | | | | | | | | | | | | MORE ARTICLES → | |
| | | The Next Market Low and Election Rally | Larry Williams | Real Trading Special (10.01.20) | | | | | | | Which Stocks Did Best in Q3? | Erin Swenlin & Mary Ellen McGonagle | Chartwise Women (10.01.20) | | | | | | | Coming Up on StockCharts TV | Week of October 5th | | | | | | | "Wrap the Week"| David Keller, CMT (10.02.20) | | | | | | | UPCOMING GUESTS | | | | WATCH LIVE → | |
 | | Smarter Investing Starts Here. | | As a StockCharts Member, you unlock all of our most powerful tools and features, including saved charts and settings, custom scans, technical alerts and much more. Discover all that StockCharts can do with our free 1-month trial and start charting like a true market pro. | | | | Learn More | | |
| ChartSchool "Tip of the Week" | | With the introduction of our new StockChartsACP interactive charting tool, we now have two complementary price charting platforms – our original SharpCharts tool and the new StockChartsACP. | | | VISIT CHARTSCHOOL → | |
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