As you may recall, volatility charts are an exclusive feature for Diamond members in SlopeCharts. I recently received an email from one of Slope’s Diamond members asking if we could improve the volatility pane so that it could show multiple types of volatility at the same time. Well, I’m pleased to show you this………..
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Even though I’ve given SlopeCharts a nice suite of technical indicators, I hardly ever use them. I often mention that I don’t really use indicators much, almost to the point of being strident about it.
I must say, however, that having gone through the cash indexes with the %R indicator today, I’m pretty impressed, and it just adds to the body of evidence that I think it’s bounce time (I sure hope so!) Keep in mind that you can move the horizontal line dividing the price from the technical indicator pane, allowing you to make the indicator taller, as I have done below. So here we are:
On Friday afternoon, I bought four ETFs. Yes, you read that right. I actually went long something. Some people joked that this meant we’d crash on Monday (hoo hoo hoo, ha ha ha), but I’m trying to balance out my 30 (smaller) short positions and also take advantage of what I think might be a decent bounce.
Below I provide a six-month chart and an all-data chart for all four of these ETFs. These longs are: