ChartWatchers

December 2004

ChartWatchers

EARLY VOLUME SURGE

by Chip Anderson

It is shaping up to be a banner month for December volume. On this chart, the vertical black line shows the beginning of December, the red line the end of December (D) and the green line the end of January (J)... Read More 

ChartWatchers

DOLLAR TRYING TO BOTTOM

by Chip Anderson

The daily chart of the US Dollar Index shows that the dollar is trying to put in a bottom... Read More 

ChartWatchers

Long-term Oil vs. Gold

by Chip Anderson

Today we take a very long-term look at the relative valuation of integrated oil-related shares in comparison to gold shares ($XOI/$HUI)... Read More 

ChartWatchers

RATES SHOULD BE MOVING HIGHER

by Chip Anderson

This time last year I wrote about my expectation for long-term interest rates to start moving higher during 2004. I got it only half right. They moved higher during the first half, but then fell back during the second half... Read More 

ChartWatchers

Hello Fellow ChartWatchers!

by Chip Anderson

Chip's personal message goes here, talking about what John Murphy, Richard Rhodes, Carl Swenlin and the rest of the gang have to say in this issue. This segment should be limited to a couple sentences..... Read More 

ChartWatchers

DIVERGENCES WITHIN THE SEMICONDUCTOR GROUP

by Chip Anderson

While the Nasdaq trades near a 52-week high, the Semiconductor HOLDRS (SMH) remains well below its Jan-04 high and has shown relative weakness over the last few months... Read More 

ChartWatchers

WEAK CASH FLOW PRECEEDS PRICE DECLINES IN PRECIOUS METALS STOCKS

by Chip Anderson

When there is weak cash flow into Rydex Precious Metals Fund it is a fairly reliable warning to expect price weakness in the short-term, and sometimes the corrections can be quite severe... Read More 

ChartWatchers

CONSUMER DISCRETIONARY VS. STAPLES

by Chip Anderson

Today we look at the high relative valuation of Consumer Discretionary vs. Staples stocks. Current levels have not been seen; at the 2000 high in which the bubble burst', the ratio stood near 1.40... Read More 

ChartWatchers

LONGER-TERM IMPLICATIONS FOR STOCKS

by Chip Anderson

The last paragraph in the September 23 report carried the headline: LONG TERM IMPLICATIONS FOR STOCKS AREN'T GOOD. To repeat what I wrote then, "An October pullback in oil would probably be helpful to the stock market during the fourth quarter... Read More 

ChartWatchers

Hello Fellow ChartWatchers!

by Chip Anderson

Happy Holidays! Welcome to this special holiday edition of ChartWatchers! This time around John explains why $40 is such an important number of Oil prices, Richard explains why he'd buy Coke but sell McDonalds, Carl has a chart that explains while Precious Metal prices are headed... Read More