Dark Green = Strong bullish;
Dark Red = Strong bearish;
Light Green = Mild bullish;
Light Purple = Mild bearish.
OF NOTE: The following markets are all showing Negative WEEKLY charts – be careful out there!
-U.S. High Yield Bonds (HYG)
-S&P/TSX Composite (TSX)
-S&P 500 Index (SPX)
-U.S. Small Caps (IWM)
-EAFE Equities (EFA)
-Global Equities (ACWI)
-UK Equities (EWU)
-French Equities (EWQ)
-German Equities (DAX)
-Japanese Equities (EWJ)
-Emerging Markets (EEM)
-Chinese Equities (FXI)
-Indian Equities (INDA)
-Commodity Index (DBC)
-Copper (CPER)
-Oil (USO)
-Nat Gas (UNG)
-Corn (CORN)
-Canadian Dollar (CAD)
-British Pound (FXB)
-Canadian Preferred (ZPR)
How to use:
It’s a good idea to glance at these weekly charts to see what the longer term trend is before buying based on the related daily charts. Weekly charts should be used if your holding period is several months. Daily charts should be used for holding periods of several weeks. Always keep an eye on support and resistance levels along with the FAB Indicator to make your decisions.
If the line chart is Dark Green and above recent resistance, it’s safe to buy. Perhaps layer into your target position (a third of your target every day the FAB is dark green); If Light Green, hold or trim depending on current profit. Light Green often occurs before the Indicator switches to Dark Green – if support and resistance levels agree, layer into your target position as per above; If Light Purple, hold, but watch support levels closely – perhaps trim profits; If Dark Red for more than a day, sell. You can always get back in.
