Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Using Two Timeframes to Increase the Odds – Starting with the Strategic View

by January 13, 2024
January 13, 2024
Using Two Timeframes to Increase the Odds – Starting with the Strategic View

Chartists looking to increase their odds should consider two timeframes for their analysis. The longer timeframe sets the strategic tone, while the shorter timeframe defines the trading tactics. Strategically, I am interested in stocks with long-term uptrends. Tactically, I am looking for bullish continuation patterns to trade after a correction. Let’s look at an example using Northorp Grumman (NOC).   

The chart below shows weekly candlesticks extending back to summer 2021. NOC advanced from 350 to 550 (+60%) and hit a new high in October 2022. The stock then fell sharply at the beginning of 2023 and proceeded to drift lower into October 2023. Overall, a triangle of sorts took shape as the decline retraced around 61.8% of the prior advance. Also notice that NOC returned to the prior breakout zone. The retracement area and broken resistance created a support-reversal zone (red-green line). NOC broke out with a big surge in October (green arrows) and this move reversed the long-term downtrend.

The bottom window shows the percentage difference between the close and the 40-week SMA. The horizontal lines are at +5% and -5% to filter signals. A move above +5% signals an uptrend and remains until a move below -5%. Notice how the indicator moved below -5% in early 2023 and remained bearish until October 2023 when it surged above +5% (gray arrow). This indicator is also long-term bullish. This indicator is part of the TIP Indicator Edge Plugin for StockCharts ACP.

With the long-term trend up and a breakout on the weekly chart, we can turn to the daily chart for tactical decisions. This section continues for TrendInvestorPro members. The Chart Trader offering at TrendInvestorPro provides broad market analysis and carefully curated trading setups for stocks and ETFs. We focus on bullish continuation patterns like the one above. Reports are published every Tuesday and Thursday before the open and each report includes a video. Click here to learn more.

//////////////////////////////////////////////////

0
FacebookTwitterGoogle +Pinterest
previous post
S&P 4300 by End of February?
next post
Supreme Court to decide whether cities can ban homeless from public areas

You may also like

Smart Money Alert: The Inside Scoop on Where...

July 18, 2023

The Best Five Sectors, #15

April 14, 2025

Technology, Last Man Standing… Falls

September 12, 2023

Week Ahead: NIFTY Likely To Stay Sluggish; Multiple...

November 9, 2024

Waning Participation within a Key Benchmark Could Spell...

April 7, 2023

MEM TV: Bullish Week Provides Perfect Setups!

September 2, 2023

Market Timing for a Rule-Based Strategy

September 9, 2024

Bearish ADX Signal on S&P Plays Out –...

March 12, 2025

These 3 Stocks Keep Hitting New Highs And...

October 20, 2023

Inflation Softens: Will Interest Rates Still Rise?

January 13, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • SCOOP: Blue state Republican could oppose Trump tax bill over Medicaid changes

      June 28, 2025
    • Marco Rubio holds first meeting with families of hostages held by Hamas

      June 28, 2025
    • Trump’s NATO Turnaround: From threatening to pull US out to ‘daddy’ of the alliance

      June 28, 2025
    • Week Ahead: As NIFTY Breaks Out, Change Of Leadership Likely To Keep The Index Moving

      June 28, 2025
    • Trump’s ‘big, beautiful bill’ faces Republican family feud as Senate reveals its final text

      June 28, 2025
    • Senate shuts down Kaine’s attempt to check Trump’s war powers

      June 28, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,846)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved