ChartWatchers

March 2009

ChartWatchers

GOLD STOCKS TOP 200-DAY AVERAGE

by John Murphy

The Fed's midweek surprise announcement that it was buying Treasury bonds had a fairly predictable ripple effect through the various financial markets. Naturally, Treasury bond prices jumped and yields collapsed... Read More 

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FOCUSING ENERGY ON COMMODITIES

by Richard Rhodes

The FOMC has now become very serious to put an end to the financial crisis. To put it simply, Wednesday's FOMC announcement that they plan to roll the printing presses in order to buy $200 billion in longer-dated treasury paper is certainly a "positive... Read More 

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LIGHT AT THE END OF THE TUNNEL?

by Tom Bowley

The market performance the last two weeks was very impressive. Was it simply a sequel to the bounces we saw in October and November? That is certainly a possibility, but we saw a few sparks in this rally. For instance, the volume that exploded in financials must be respected... Read More 

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SPY HITS RESISTANCE

by Arthur Hill

After a sharp advance the last two weeks, SPY hit a classic resistance zone and pulled back over the last two days. Three items confirm resistance in the low 80s. First, broken support around 80-81 turns into resistance. Second, the falling 50-day moving average marks resistance... Read More 

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NEW LOOK, NEW FEATURES, NEW NAME FOR OUR MARKET MESSAGE SERVICE

by Chip Anderson

Today we're unveiling several design changes to the "John Murphy" area of our website. These changes include: A new, cleaner design that echos the look of our free commentary areas - i.e. out blogs (i.e... Read More 

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TECHNICAL ANALYSIS 101 - PART 4

by Chip Anderson

This is the fourth part of a series of articles about Technical Analysis from a new course we're developing. If you are new to charting, these articles will give you the "big picture" behind the charts on our site... Read More 

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SHORT-TERM TOP

by Carl Swenlin

Quite a few years ago I used to write a daily newsletter, but I decided to give it up because it got tiresome trying to invent new ways to say the same thing over and over... Read More 

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SITE NEWS FOR MARCH 7, 2009

by Chip Anderson

NEW "WHAT'S NEW" AREA - We've reworked the "What's New" area on the "Members" page so that it now shows you all of the latest posts from our various blogs... Read More 

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LOOKING TOWARDS SECTOR ROTATION

by Richard Rhodes

This year has seen the S&P decline by -24.3%; with the building crescendo of "fear" likely to provide for a bottom that can be traded sooner rather than later... Read More 

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DOW THEORY STILL IN DOWNTREND

by John Murphy

At the start of the 20th century, Charles Dow invented the Dow Theory. It was a simple idea. He created two stock indexes -- one for industrial stocks and one for the transports (which were exclusively rails)... Read More 

ChartWatchers

BREAKDOWN!

by Carl Swenlin

At the end of last week the S&P 500 had declined to and had settled on the support created by the November lows. It was poised to either rally and lock in a double bottom, or break down... Read More 

ChartWatchers

WHERE'S THE FEAR?

by Tom Bowley

Significant market bottoms generally share many key characteristics. I like to see a spike in volume to get that last wave of selling in place... Read More 

ChartWatchers

TECHNICAL ANALYSIS 101 - PART 3

by Chip Anderson

This is the third part of a series of articles about Technical Analysis from a new course we're developing. If you are new to charting, these articles will give you the "big picture" behind the charts on our site... Read More