ChartWatchers

September 2006

ChartWatchers

TRANSPORTS NOT OUT OF THE WOODS YET

by Chip Anderson

The Dow Transportation iShares (IYT) recovered nicely this week, but the ETF is meeting resistance from broken support and a little more work is required for an upside breakout... Read More 

ChartWatchers

MARKET OVERBOUGHT BUT SENTIMENT STILL FAVORS BULLS

by Chip Anderson

The S&P 500 Index is approaching new 52-week highs, but there is short-term overhead resistance immediately ahead, and our primary medium-term indicators are becoming modestly overbought. Does this spell trouble for the bulls? Probably not... Read More 

ChartWatchers

IS THE CORRECTION OVER?

by Chip Anderson

Last week's commodity market decline was the most severe since 1980; which of course begs the question "is the correction over"? We don't believe that to be the case, as follow on selling will materialize taking prices far lower than one can believe... Read More 

ChartWatchers

WHAT ABOUT THE FOUR-YEAR CYCLE

by Chip Anderson

I've received a number of questions on the status of the four-year cycle. The stock market has shown a very consistent pattern of forming important bottoms every four years – usually during the fourth quarter... Read More 

ChartWatchers

THE IMPORTANCE OF THE NY A-D LINE

by Chip Anderson

Hello Fellow ChartWatchers! OK, do I really need to write an article explaining this picture? Seriously, there are more than the proverbial thousand words in the chart above... Read More 

ChartWatchers

RYDEX RATIO IMPLIES PRICES WILL GO HIGHER

by Chip Anderson

After the decline that lasted from the beginning of May to mid-June, a second bottom was made in July, from which the current rally emerged... Read More 

ChartWatchers

GOLDILOCKS AND THE BEARS

by Chip Anderson

While many believe a "goldlilocks" soft-landing is forthcoming for the US economy; we think the probability of this occurring is rather small given the ongoing weakness in the housing market... Read More 

ChartWatchers

NASDAQ NEARS MOMENT OF TRUTH

by Chip Anderson

It's very hard for the stock market to stage a major advance without help from the Nasdaq market. Fortunately, it's been getting some Nasdaq help since mid-July. The chart below shows the Nasdaq Composite gaining nearly 200 points (10%) since mid-July... Read More 

ChartWatchers

TRENDING UP, DOWN OR SIDEWAYS?

by Chip Anderson

Trend analysis is one of the most important technical analysis skills anyone can have. Knowing if a stock is trending or oscillating can have a big impact on what kind of approach you take to trading it... Read More