ChartWatchers

November 2008

ChartWatchers

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LOOK UNDER THE SURFACE

by Chip Anderson

This has been one ugly bear season. It cannot be compared to anything else seen on the S&P 500 since 1950. Not even close. But I'll say one thing - there's an awful lot of horrible economic news priced into this market right now. I am convinced that the worst is behind us... Read More 

ChartWatchers

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DOW BATTLES SUPPORT

by Chip Anderson

The Dow Industrials surged off support for the fourth time in five weeks. Will this bounce produce a breakout or failure? As the candlestick chart below shows, the Dow Industrials is locked in a volatile trading range with support around 8000 and resistance around 9700... Read More 

ChartWatchers

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RYDEX RATIOS DIVERGE

by Chip Anderson

Decision Point charts a couple of indicators that are useful in determining investor sentiment based on actual deployment of cash into Rydex mutual funds. The Rydex Asset Ratio is calculated by dividing total assets in Bear plus Money Market funds by total assets in Bull funds... Read More 

ChartWatchers

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S&P JUMPS 6% AFTER TOUCHING NEW LOW

by Chip Anderson

After dropping briefly to the lowest level since March 2003, the S&P 500 achieved an upside reversal day (as did all of the other major indexes) that resulted in a 6% gain. It also did that on the highest volume in weeks... Read More 

ChartWatchers

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NYSE HIGH-LOW LINE TELLS THE TALE

by Chip Anderson

StockCharts.com is all about visually representing what's going on in the markets. Here's a sobering visual representation for you: Daily NYSE High-Low Line: Weekly NYSE High-Low Line: You can view these two charts anytime at http://stockcharts.com/charts/gallery... Read More 

ChartWatchers

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HISTORY REPEATS ITSELF AGAIN AND AGAIN AND AGAIN

by Chip Anderson

Previously, I've mentioned a favorite indicator of mine - The Bowley Trend. The Bowley Trend is an analysis of stock market history, dating back to 1950 on the S&P 500 and 1971 on the NASDAQ... Read More 

ChartWatchers

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AIRLINES TAKE OFF

by Chip Anderson

The Amex Airline Index ($XAL) is leading the market higher with a break above two key moving averages this week. XAL produced one of the sharpest October recoveries with surge from 14 to 25 over the last three weeks... Read More 

ChartWatchers

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CHANGING WITH THE MARKET

by Chip Anderson

When the market changes, we must change our tactics, strategies, and analysis techniques to accommodate the new market conditions. This is not a new idea, but it is one that is not very widely recognized, particularly when applied to the long-term... Read More 

ChartWatchers

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WILL OIL SERVICES RETEST RECENT LOWS?

by Chip Anderson

The world stock markets remain rather "volatile" as the credit crisis continues to unfold, while this volatility pendulum continues to create some very unique and interesting value propositions we haven't seen in quite some time... Read More 

ChartWatchers

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LIBOR DROP ENCOURAGES MARKETS

by Chip Anderson

One of the recent positive trends is the continuing drop in the three-month London Interbank Overnight Lending Rate (LIBOR). That rate determines what banks charge each other for loans. During the credit freeze that started in mid-September, the LIBOR jumped from 2.8% to 4... Read More 

ChartWatchers

HISTORY REPEATS ITSELF... AGAIN AND AGAIN

by Chip Anderson

Hello Fellow ChartWatchers, As you (hopefully) know already, StockCharts.com also has an online bookstore that is dedicated to providing great investment-oriented books at great prices. (We work hard to keep the prices as low as possible... Read More