Prospective and Current Premium Members
Who should subscribe to Tech Charts Membership?
· Traders, analysts, and enthusiasts who want to learn about classical charting principles and how they are applied to global equity markets.
· Equity market traders and fund managers who are looking for chart pattern breakout ideas in global equity markets.
What do you base your research on?
Aksel looks at markets from a classical charting perspective. The body of knowledge for the chart work he is sharing can be found in Richard W. Schabacker’s Technical Analysis and Stock Market Profits and Edwards and Magee Technical Analysis of Stock Trends books.
When do Premium Members receive reports? What is included?
A weekly report will be sent out each weekend covering Global Equity Markets in Developed and Emerging Markets. The report will include stocks that are forming clear chart patterns that are candidates for a breakout, mostly with well-defined horizontal boundaries. The weekly report will include a watchlist with stocks from Americas, Europe, Middle East & Asia that Tech Charts is monitoring for possible breakouts. The report will also discuss the stocks that triggered new chart pattern breakout signals during the week (mainly from the stocks that are discussed under the watchlist over the weeks).
Click here for a sample report – https://blog.techcharts.net/index.php/2017/04/22/global-equity-markets-april-22-2017/
Will Members get Alerts throughout the week?
If there is an important event during the week, Aksel will send out an interim report highlighting a developing opportunity. An interim update can be in a post or video format. In the Global Equity Markets report, breakout confirmation levels will be provided.
Click here for a sample alert – https://blog.techcharts.net/index.php/2017/04/19/u-s-banking-stocks/
What is your Watchlist?
A watchlist is a collection of selected stocks that have formed mature chart patterns with well-defined chart pattern boundaries. A watchlist expands over weeks as new stocks are included. Each weekly report will include new additions to the TechCharts watchlist. Reporting of stocks, ETFs and indices under the watchlist gives enough time for members to run their own due diligence on the security discussed before any significant breakout takes place.
What markets do you cover?
TechCharts covers equity markets from around the world in Developed and Emerging Markets.
What’s the percentage breakdown of the markets you cover?
Americas (Developed & Emerging) 40%, Europe (Developed & Emerging) 25%, Asia (Developed & Emerging) 35%
Do you cover ETFs?
As opportunities arise such as perfect well-defined chart patterns Aksel will add ETFs. Especially when a stock index is showing strength, he tries to attach the most liquid tradable ETF. If the opportunity pops itself Aksel will publish and draw attention.
Do you cover Indian Markets?
Aksel covers emerging market equities and giving more weight as they show strength and breakout opportunities arise.
In India, his universe includes BSE SENSEX, NIFTY and NASTIONAL STOCK EXCHANGE OF INDIA including small cap stocks. I did post few alerts on PTC INDIA, JOHNSON CONTROLS-HITACHI AIR CONDITIONING, GAYATRI PROJECTS, SANGAM INDIA, and the Indian Equity Indices such as SENSEX and NIFTY.
Aksel hopes that there will be good chart setups in the near future that you can take advantage of. Please be informed that there will also be several educational videos that you can learn from and apply to your market of interest.
What are Breakout Alerts?
Breakout alerts is the section of the weekly global equity markets report that highlights the stocks that triggered a new chart pattern breakout signal.
What is a confirmed breakout?
Edwards and Magee in their book Technical Analysis of Stock Trends suggest that a stock should breakout by a 3% margin above the resistance (and record a daily close) for a clear chart pattern breakout signal. While this is the guideline Aksel is following in reporting new breakout alerts, each trader can have a different approach in evaluating a trade signal or a breakout confirmation.
Will there be e-mail updates for each breakout?
Due to the number of exchanges covered and them being in different time zones and even having different trading days (Emerging markets in the Middle East and also Israel Tel Aviv Exchange trades on Sundays) a pro active e-mail for each breakout will not be sent out.
However, each opportunity that is highlighted in the watchlist will give enough time for members to act on the idea if they decide to. A breakout alert e-mail will be sent intra-week only if a stock hasn’t been covered in the past issues or if it is a major opportunity that will impact several markets such as an important breakdown on U.S. equities or a shift in trend direction in global equities.
The best way to keep track of chart patterns presented and stocks discussed can be:
1) Review the new watchlist candidates for the week and select the ones that are of interest. (Aksel adds a separate link next to the header of each stock that will direct you to Thomson Reuters to get more info on the stock in a single page; such as latest news, corporate actions, quick fundamental/valuation & company info, etc.)
2) Each chart pattern and idea that is discussed will have a breakout confirmation level reported in the text and also a chart pattern price target once the breakout is confirmed.
3) If there is a breakout on the names that are discussed in the watchlist, they will be featured in the breakouts alert section of the upcoming report.
What is the difference between a breakout from a horizontal vs. a diagonal chart pattern?
There are several chart patterns that can be identified on price charts. Chart patterns with horizontal boundaries are rectangles, H&S top and bottoms, flags, ascending and descending triangles, cup with handle and H&S continuation. Chart patterns with diagonal boundaries are symmetrical triangles, rising and falling wedges, diamonds and pennants.
Chart patterns with horizontal boundaries are easier to identify on the price chart and breakouts form these type of chart patterns are more reliable. Aksel tries to focus as much as possible on horizontal chart patterns.
What is the time frame of your analysis?
Aksel’s default time frame is weekly. However he considers breakout confirmation on a daily close above pre-determined levels. Aksel will feature chart patterns in duration between 3 months and 24 months.
I am a novice trader, is this service for me?
Yes, Tech Charts Membership service has great educational content that explains the most important chart patterns in detail with Video tutorials. You can learn at your own pace. Novice traders will be able to read the reports and understand the logic behind each chart pattern interpretation with the help of extensive educational resources.
Does TechCharts give guidance on where to enter a security, where to put stops, and how to determine sizing?
We often get specific questions related to the chart patterns featured by TechCharts. Such questions include, but are not limited to:
- Where would you enter X security?
- Where would you put your stop X after the breakout?
- How do you determine how many shares of X security to purchase?
We want to be of assistance to all followers of Tech Charts, but providing specific advice on trading tactics would place our firm into possible violation of the regulatory authorities in numerous jurisdictions. Even without regards to regulatory matters, trading tactics must be subject to an individual investor’s level of capitalization, investment goals, risk tolerance, time schedules and other factors.
Tech Charts mission is to identify certain classical chart configurations in global equity markets and to educate followers on the finer points of classical chart construction.
Do you offer a refund?