When Should Investors Look at the Monthly Charts?

I have used monthly charts to determine support and resistance levels.

Moreover, this timeframe is often the best indicator for either the end of a countermove or the start of a bigger megatrend.

The 23-month moving average (blue) and the 80-month moving average (green) are my go-to’s.

One is a shorter 2-year business cycle while the other is about a 6–7-year business cycle.

Here are a bunch of monthly charts that have my attention.

Often, a picture says 1000 words.

Alibaba (NYSE:)-the end of the correction or the start of a much bigger move? BABA has traded below the 23-month moving average since 2021.

sure gets bullish-but the road back to the monthly MAs is long and perilous for now.

, Sure we will see corrections. But the trend is quite clear and will not give us any pause until it breaks under 160.

The ETF for ). It gave us a great signal in 202. Now, with May sitting around the 23-month MA, is the move over?

How clear is this? Tesla (NASDAQ:) is below the 23-month MA but above the 200-month MA.

What about Granny Retail ?

Above the 23-month so in expansion. But also having an inside month to May.

Best we can say from the chart-Granny looks constructive and we err to bullish. But there is more to prove.

ETF Summary

• S&P 500 (SPY) Gap over the 50-DMA to an unconfirmed return to bullish phase
• Russell 2000 (IWM) Gap over the 50-DMA to an unconfirmed return to bullish phase
• Dow (DIA) Gap over the 50-DMA to an unconfirmed return to bullish phase
• Nasdaq (QQQ) Gap over the 50-DMA to an unconfirmed return to bullish phase
• Regional banks (KRE) Through 50.50 compelling
• Semiconductors (SMH) Gap over the 50-DMA to an unconfirmed return to bullish phase
• Transportation (IYT) 63 support 67 resistance -still relatively weak
• Biotechnology (IBB) 128-135 new range to watch
• Retail (XRT) 71.50 support 75 resistance
• iShares iBoxx Hi Yd Cor Bond ETF (HYG) 77.00 now must hold (50DMA)