ChartWatchers

October 2007

ChartWatchers

AUGUST VS. OCTOBER - OPPOSITE ENDS OF THE SPECTRUM

by Chip Anderson

The panic selloff and subsequent recovery in August was nearly a mirror image of what we've seen in October. First, let's start with August. If you recall, we discussed how long-term market bottoms are marked by extreme bearish sentiment... Read More 

ChartWatchers

ANOTHER LEG LOWER

by Chip Anderson

The Consumer Discretionary SPDR (XLY) and Finance SPDR (XLF) broke down this week to signal a continuation of downtrends that began in July. In other words, the Aug-Oct rally was just a countertrend advance within a larger downtrend... Read More 

ChartWatchers

CORRECTION UNDERWAY

by Chip Anderson

Two weeks ago I wrote an article that stated that it was a good time for a pullback. As it turns out the pullback started four trading days later, and it appears now that a full blown correction is in progress... Read More 

ChartWatchers

TECHNOLOGY REIGN COMING TO AN END?

by Chip Anderson

Over the past 18-months, the technology sector has outperformed the S&P 500 by a rather handy amount; however, we believe this trend towards technology out-performance is very close to ending... Read More 

ChartWatchers

TWO DOW CYCLICALS TUMBLE

by Chip Anderson

The Dow Industrials were hit especially hard on Friday. A lot of that was due to big tumbles in two of its cyclical stocks – Caterpillar and 3M. Chart 3 shows Caterpillar falling 6% (on higher volume) to undercut its 50-day average... Read More 

ChartWatchers

OCTOBER LIVING UP TO ITS SCARY REPUTATION

by Chip Anderson

One thousand words: All the sectors are moving lower this month led by the Financials... Read More 

ChartWatchers

A BREAKOUT FOR THE DOW TRANSPORTS

by Chip Anderson

Before looking at the chart for the Dow Transports, let's look at the Dow Theory situation. The Dow Industrials and Dow Transports both hit new highs in July and this marked a Dow Theory confirmation (bullish)... Read More 

ChartWatchers

A GOOD TIME FOR A PULLBACK

by Chip Anderson

The market has had a good run since the August lows, but it is challenging all-time highs, and the technical support has been somewhat anemic... Read More 

ChartWatchers

LISTENING TO THE COMMENTATORS

by Chip Anderson

Last week, both the Dow Industrials and the S&P 500 broke out to new highs last week in show of modest strength; but what we find more interesting that this circumstance... is that the foreign markets aren't outperforming the US large caps... Read More 

ChartWatchers

HEAD IN THE (TICKER) CLOUDS

by Chip Anderson

Last week we launched our new Ticker Cloud feature. Have you seen it? It's a dynamic list of the most requested stocks we've seen over the past 15 minutes... Read More 

ChartWatchers

WEEKLY MACD LINES TURN POSITIVE

by Chip Anderson

Last Friday, I wrote that the weekly MACD lines hadn't turned positive yet for the S&P 500, but were close to doing so. They turned positive this week... Read More 

ChartWatchers

FALL SPECIAL AND FREE SHIPPING!

by Chip Anderson

I realize that the long-term ChartWatchers out there already know how important our specials are, but I wanted to take a moment to mention it to our newer members. One thing that has never changed at StockCharts.com is our pricing... Read More