These simple line charts have been coloured to match my “FAB” indicator. This proprietary indicator generates one of 4 views, from most bullish (positive) to most bearish (negative). You might think of the coloured lines as a kind of market “traffic lights”.
DARK GREEN (GO) – Bullish: High probability of increase;
LIGHT GREEN (get ready to go) – Neutral Bullish: Mild positive – some probability of increase or flat;
PINK (get ready to stop) – Neutral Bearish: Mild negative – some probability of decline or flat; and
DARK RED – Bearish (STOP): High probability of decline.
Daily or Weekly Charts?
I provide both daily and weekly charts for analysis. Investors need to determine which time horizon is most important to them for their chosen market or investment before selecting the correct chart timeframe. Generally, daily charts are for time horizons of several weeks, and weekly charts are for time horizons of several months.
Click on my name above or the main part of this site for the latest daily and/or weekly chart: https://publish.optuma.com/author/fabien-ouellette/ (copy and paste in your browser).
Example:
It’s recommended that you glance at both the daily and related weekly charts before deciding to buy or sell. For example, let’s say you’re considering buying a gold ETF (using GLD) – first, look at GLD’s weekly chart to check if the most recent line’s colour is dark green (FAB = bullish). Next, look at the corresponding daily chart of GLD to see if its line is also dark green. If both are dark green, then there’s a high probability that GLD will continue its uptrend. But, if the daily and weekly line charts of GLD are coloured dark red (bearish), you should not buy this investment.