ChartWatchers

January 2007

ChartWatchers

BULLISH ON BIOTECHS

by Chip Anderson

Healthcare stocks have been performing quite nicely over the past few weeks. Looking at the Biotech Index, it appears more bullishness is on the way for this sub-sector... Read More 

ChartWatchers

USO: OVERSOLD AND AT SUPPORT

by Chip Anderson

The U.S. Oil Fund ETF (USO) remains in a clear downtrend on the daily chart, but became oversold and reached long-term support on the monthly chart... Read More 

ChartWatchers

ENERGY SECTOR CORRECTION ALMOST OVER

by Chip Anderson

Energy stocks as represented by the Energy Spider (XLE) have been moving in a more or less sideways direction since crude oil topped out in July and entered a bear market... Read More 

ChartWatchers

LOOKING AT A PAIRS TRADE

by Chip Anderson

Today we want to look at a "pairs trade" theme we think has good fundamental and technical merit; it is a "long energy/short consumer discretionary shares" trade... Read More 

ChartWatchers

NASDAQ HOLDS 50-DAY LINE...NYSE NEARS HIGH

by Chip Anderson

The market closed the week on an upnote. The most important action took place in the Nasdaq market which bounced off its 50-day moving average (Chart 1). Broader market measures have held up much better... Read More 

ChartWatchers

WEATHER, WEATHER EVERYWHERE

by Chip Anderson

Hopefully things have been better at your house than they have been here in the Pacific Northwest. So far this winter we've had record rainfall, huge windstorms, long power outages, lots of snow, tsunami warnings, icy roads and record cold... Read More 

ChartWatchers

AIRLINES FLYING HIGH

by Chip Anderson

Don't look now, but the airlines have found their wings. After drifting lower for the better part of 7-8 years, something strange has happened... Read More 

ChartWatchers

HHH STARTS 2007 WITH A BANG

by Chip Anderson

The Internet HOLDRS (HHH) started 2007 with strong move on good volume, but the ETF was knocked back on Friday and remains just short of breakout. Follow through is the key. The Internet HOLDRS (HHH) formed a falling flag/wedge over the last six weeks... Read More 

ChartWatchers

NEW NYSE COMMON STOCK ONLY INDICATORS

by Chip Anderson

The purpose of this article is to introduce a new set of market indicators that DecisionPoint.com has recently released, indicators constructed from only common stocks listed on the NYSE... Read More 

ChartWatchers

KEEPING AN EYE ON ENERGY

by Chip Anderson

With the first week of the year out of the way; we have seen a rather sharp and violent sell-off in a number of asset classes including energy... Read More 

ChartWatchers

SERVER ROOM IMPROVEMENTS STATUS REPORT

by Chip Anderson

Back in November, work started in earnest on our new server facility. The new facility will have much more power and cooling capacity and will allow us to install bigger and better computers to drive our website... Read More 

ChartWatchers

EMERGING MARKETS SUFFER WEEKLY REVERSAL

by Chip Anderson

The MSCI Emerging Markets iShares (EEM) suffered a downside weekly reversal on heavy volume as shown in the chart below. In fact, the EEM had its biggest weekly fall in more than three months. At the very least, that suggests that a pullback of some type is probably in store... Read More 

ChartWatchers

2006 REVIEW, 2007 PREVIEW

by Chip Anderson

Happy New Year's ChartWatchers! Hopefully the start of 2007 finds you more prosperous than you were at the start of 2006. That's always the goal and, given the performance of the major averages during 2006, it looks like many people achieved it... Read More