GMWS Website Video Tour - START HERE! Take A Tour Of ECR (Erlanger Chart Room)!
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GMWS Website Video Tour - START HERE!
Take A Tour Of ECR (Erlanger Chart Room)!
CHART OF INTEREST
|08/28/2023: The Weekly Displaced Moving Average (DMA) Channel (Yellow Band) of the S&P 500 sees the current price in from above its channel. As such, bias moves from positive to neutral on a weekly basis.Triggers remain problematic. Second, the Erlanger Volume Swing (EVS) is at -11.34 from -2.02. Above 0 is good and below 0 is bad. The current action is now negative from positive and the first drop below 0 since May. Third, the Erlanger Crossover Spread (EC) Spread is at -87.57 from -34.66 which is now in the negative. Last, the Erlanger Trend Direction (ETD) moves to downtrend from pullback. So what is an investor to do here? We would recommend not buying new positions on longs here and adding shorts as we are at an inflection point for more downside action. The upside will need to reassert itself.|
A LETTER FROM PHIL ERLANGER
I would like to welcome you to our website. www.goodmorningwallst.com. It has been a goal if mine since I started the Good Morning Wall Street website to expand and develop tools to help one become a better trader, investor or speculator. After a great deal of hard work, www.goodmorningwallst.com was developed to provide thorough technical research analysis to help you through teh market's progress.
This website is geared towards individuals investors and anyone seeking to gain advanced insights into the technical representations of the market. Each month we put out several market commentary in a variety of forms: software, videos, written reports and screens that offer unique investment advice driven off our work on short interest, options, seasonality and our proprietary technical indicators.
If you are a professional investor (and that includes financial advisors) we would direct you to www.erlangerresearch.com for a review of our offerings and to choose "Contact Us" to get set up on a trial to review our professional products. This site is for individual investors and traders only.
Every Monday we delve into what events will impact the markets with The Week Ahead and our Weekly Squeeze Screens. There is also access to a variety of seasonality screens on stocks in the S&P 100 and Dow Jones Industrial Average as well as ETFs.
Each month you will have access to our monthly newsletter which reviews big macro ideas as well as stock specific analysis.
As an added tool, use our StockWatcher to follow our indicators on your choice of ten stocks.
For an additional fee, members have access to our Erlanger Chartroom software product, an advanced program that exploits an advanced set of technical indicators and key stock data. Real time is available to eSignal subscibers..
We hope that you enjoy our enhancements to the website and become a member in the near future.
Philip B. Erlanger, CMT
We best learn by experience... by seeing... by example. Good Morning Wall St. strives to use the video medium to make it easy to assimilate complicated material. Stock market research comes alive and is instantly valued when the observer can see it in action. Here are some samples: