ChartWatchers

October 2006

ChartWatchers

FLIGHT TO SAFETY

by Chip Anderson

Recall in my last article the "axis of normal returns" showing the potential move of the NASDAQ over the next 2-3 years to return to its "normal line"... Read More 

ChartWatchers

A BULL FLAG FOR THE CONSUMER STAPLES SPDR (XLP)

by Chip Anderson

The Consumer Staples SPDR (XLP) was a top performer from April to September, but went through a period of underperformance over the last 4-5 weeks. The Dow Industrials and S&P 500 kept right on trucking in September and October... Read More 

ChartWatchers

WINDSOCK VERSUS CRYSTAL BALL

by Chip Anderson

For several months these articles have included a reminder that "Technical analysis is a windsock, not a crystal ball." To clarify, a windsock is used to ascertain the current wind direction and intensity. A crystal ball is used to predict the future... Read More 

ChartWatchers

OIL SERVICES TAKING A BEATING

by Chip Anderson

First, much continues to be made of the decline in crude oil prices, and the positive impact of lower energy prices upon the world consumer et al... Read More 

ChartWatchers

SERVER ROOM EXPANSION

by Chip Anderson

JOHN MURPHY TRAVELLING THIS WEEK - John will be presenting at the IFTA Conference in Switzerland this week and will not be online after Monday. We've arranged for Arthur Hill (you can read he column below) to contribute commentary while John is away... Read More 

ChartWatchers

A WEAKENED HOUSING MARKET

by Chip Anderson

CATERPILLAR HURT BY WEAK HOUSING ... A plunge in Caterpillar on Friday, Oct 20th, unsettled the market. And for good reason. The bad news from the stock was blamed on a weak housing sector... Read More 

ChartWatchers

INTERESTING STATISTICS

by Chip Anderson

The Dow Industrials continued to set new highs last week and several interesting sectors led the way - but I'm not going to talk about that. (Our expert columnists have it covered below anyways.) I'm going to share some interested statistics with you about how StockCharts... Read More 

ChartWatchers

IS IT TOO LATE TO CATCH THE NASDAQ TRAIN?

by Chip Anderson

After a decent run up in stock prices, one of the questions always heard is "is it too late to buy?" Well, there's never a guaranteed right answer and a lot of analysts would say the bull market is long in the teeth and has run its course. I am not in that camp - far from it... Read More 

ChartWatchers

RUSSELL 2000 PERKS UP

by Chip Anderson

After lagging QQQQ and SPY throughout September, the Russell 2000 iShares (IWM) got into the action last week with a surge from 71 to 74 (4.2%) on Wednesday and Thursday... Read More 

ChartWatchers

MARKET HITS OVERHEAD RESISTANCE

by Chip Anderson

The structure that has dominated the price pattern for nearly three years is a rising trend channel, which I have drawn on the S&P 500 chart below... Read More 

ChartWatchers

RALLYING TECH SHARES

by Chip Anderson

The sharp technology share rally has caught many "off-sides" to be sure. Take for example the NASDAQ 100 "Q's" +13.4% rise off their June low; this is quite impressive indeed...but not as impressive as the +19.7% gain in the Semiconductor Index (SMH)... Read More 

ChartWatchers

HARDWARE UPGRADES

by Chip Anderson

JOHN MURPHY ON THE RADIO - In case you missed it, John Murphy was on Invested Central's radio broadcast during last Friday's afternoon show. He discussed the current direction of the market and what was driving its current direction... Read More 

ChartWatchers

DOLLAR SURGES ON STRONG JOB REPORT

by Chip Anderson

The dollar is having one of its strongest days in months. Part of the reason is the drop in the U.S. September unemployment rate and some upward revisions in recent job creation. The report diminished hopes for rate reductions by the Fed in the near future... Read More 

ChartWatchers

WHAT HISTORY TEACHES US

by Chip Anderson

Hello Fellow ChartWatchers! Did you know that this is the most important time of the year for ChartWatchers that are looking to invest for the mid- to long-term? It is. Mention the month October to many investors and you will see them grow pale... Read More