5 Winning Stock Chart Patterns

NYSE: SPY | SPDR S&P 500 ETF Trust News, Ratings, and Charts

SPY – The renewed volatility of the stock market (SPY) is a traders delight. But only if you really understand what drives stock prices and these 5 tried and true chart patterns to unlock the most timely trades.

First a confession.

My father was a Certified Financial Planner and “dyed in the wool” value investor. Not surprising for a guy born during the Great Depression.

And yes, I was his prized pupil who took quickly to these value and fundamental investing approaches.

So why the heck am I writing an article: 5 Winning Stock Chart Patterns?

Because during my 40 years of investing I have learned, beyond a shadow of a doubt, that there is more than one way to invest successfully. And it is hard to dismiss the outperformance that comes from proven momentum and technical analysis strategies.

The thing that opened my eyes to this was the begrudging admission by one of my fundamental investing heroes. I am referring to the economics Nobel prize winner, Eugene Fama.

He is best known for his work on the Efficient-Market Hypothesis (EMH). And the simple version of this widely followed model is that it is very difficult to beat the market. These findings are what pushed a generation of investors into index funds as their best chance to maximize returns.

However, he and the other EMH academics talk about a series of anomalies. These are the rare few exceptions to EMH that actually do lead to outperformance.

In fact, momentum is “the biggest challenge to (EMH)” according to Eugene Fama.

This is where the two investing worlds, fundamental and technical, start to blend together in a wonderful way. That is because the true underlying catalyst behind most big stock moves are fundamental in nature.

For example a positive earnings report with raised guidance can ignite a fire under a stock for a 2-3 month run of serious outperformance. And that these outperforming stocks have a way of extending their run well into the future as long as the fundamental picture remains positive.

This vital relationship is what led to me to purchase StockNews.com with its proprietary POWR Ratings system. Because truly this is one of the best models for discover stocks experiencing the strongest momentum runs.

Aye, But Here’s the Rub!

With today’s update of the POWR Ratings model there are a full 2,858 Buy rated stocks (A & B).

This makes sense on the level that there is a lot of momentum to be found in a market that had bounced more than 60% since the March lows. But it makes the selection of the 5-10 that go into your portfolio a very time consuming process.

We have already created one solution to this problem with my newsletter, the Reitmeister Total Return. This is where I stay up night and day to narrow down these stocks to a manageable 5-10 positions for subscribers. However, this portfolio is based upon my fundamental view of the world.

For those who lean more towards technical analysis, and the precision timing found in proven chart patterns, then the help you are looking for is on the way in this new special report:

5 WINNING Stock Chart Patterns

This report was put together by Christian Tharp CMT (Chartered Market Technician) Most of you probably already know Christian as one of the most successful traders alive today.

And for those that haven’t met him yet, then now is a great chance to get his lifetime of trading experience boiled down into these 5 proven chart patterns.

The key word above is “proven”. Meaning most chart patterns don’t really work on a consistent basis. So Christian will share the 5 patterns that time and time again point to the best trade set ups.

So claim your copy of this new special report now by clicking the link below. Plus get insights on the top trades Christian Tharp recommends today:

5 WINNING Stock Chart Patterns

Wishing you a world of investment success!


Steve Reitmeister

…but everyone calls me Reity (pronounced “Righty”)
CEO, Stock News Network and Editor, Reitmeister Total Return

 


SPY shares were trading at $342.57 per share on Friday afternoon, down $2.82 (-0.82%). Year-to-date, SPY has gained 7.53%, versus a % rise in the benchmark S&P 500 index during the same period.


About the Author: Steve Reitmeister


Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
SPYGet RatingGet RatingGet Rating
.INXGet RatingGet RatingGet Rating
DIAGet RatingGet RatingGet Rating
IWMGet RatingGet RatingGet Rating
QQQGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Christmas in July for Stock Investors!

Yes, the S&P 500 (SPY) made new highs again on Tuesday. But really it is the 6X gain for the Russell 2000 small cap index Tuesday...and 12% gain this past week that is grabbing everyone’s attention. Let’s discuss why this is happening...if it will continue...and my 12 favorite stocks to rally in the weeks ahead. Read on for more...

3 Promising Tech Stocks Under $40 for Long-Term Investment

The increasing demand for technology services worldwide fuels the tech industry. Amid this backdrop, it could be wise to buy under $40 tech stocks, such as HP Inc. (HPQ), Box, Inc. (BOX), and Teradata Corp (TDC), for long-term investment. Continue reading…

3 MedTech Stocks to Add to Your Portfolio in July

The MedTech sector’s promising future is driven by technological advances, unceasing demand for medical treatments due to an aging population, and increasing global incidence of diseases. To that end, strong MedTech stocks such as Tactile Systems Technology (TCMD), Electromed (ELMD), and Embecta (EMBC) could be wise portfolio additions in July. Read more...

3 Bank Stocks Benefiting From High Interest Rates

Amid global economic uncertainties, major U.S. banks like JPMorgan (JPM), Wells Fargo & Company (WFC), and PNC Financial Services (PNC) have defied expectations with strong revenue and earnings reports for the second quarter. Considering their robust performance, investing in these stocks could offer stable returns to your portfolio. Read more…

Investor Alert: Load Up on Small Cap Stocks!

Large caps time in the sun is now over and thus no shock that the S&P 500 (SPY) pulled back from recent highs. It is time for small caps to shine which was clear in their nearly 4% gain Thursday even as the Magnificent 7 was bathed in red. Why is this happening? What comes next? And what are the best stocks to own now? The answers to all that and more are shared in the commentary below...

Read More Stories

More SPDR S&P 500 ETF Trust (SPY) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All SPY News