ChartWatchers

May 2009

ChartWatchers

Reflections of May 2008

by Arthur Hill

With a huge rally from early March to late May, the S&P 500 ETF (SPY) is trading just above its 40-week moving average and a key momentum oscillator is overbought. The 40-week moving average is the weekly equivalent to the 200-day moving average (40 weeks x 5 days = 200 days)... Read More 

ChartWatchers

BIGGER PIPES, BETTER SERVICE

by Chip Anderson

BIGGER PIPES, BETTER SERVICE - On Friday, we upgraded our Internet connection from a 180 Megabit connection to a 1 Gigabit Fiber connection (1 Gigabit is 1024 Megabits)... Read More 

ChartWatchers

TECHNICAL ANALYSIS 101 - PART 7

by Chip Anderson

This is the seventh 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 

ChartWatchers

EMERGING MARKETS TAKING THE LEAD

by Richard Rhodes

As the markets have rallied off the March 9th bottom, we find it rather interesting that the Emerging Markets have taken a lead role and have outperformed rather handily... Read More 

ChartWatchers

ANOTHER LOOK AT JUICED ETFS

by Tom Bowley

In February, I wrote an article discussing the fact that juiced ETFs (ETFs designed to double or inversely double the returns of an underlying index) do not perform as you might expect. There was a huge response to this article and mostly positive feedback... Read More 

ChartWatchers

MARKET FAILS TEST OF JANUARY HIGH

by John Murphy

I started the week on Monday with the headline that "Upside price and time targets had been hit" and added that overbought readings suggested that the market was vulnerable to profit-taking... Read More 

ChartWatchers

DOW HITS RESISTANCE

by Arthur Hill

After a massive 9 week advance, the Dow ran into resistance with its biggest weekly decline since early March. There is a resistance zone coming into play around 8700-8800 from the falling 40-week moving average and the Oct-Nov consolidation... Read More 

ChartWatchers

REVERSE HEAD AND SHOULDERS FORMING?

by Carl Swenlin

The ascending wedge pattern we discussed last week has broken down as we expected. Considering that the market has rallied nearly 40%, I think it is reasonable to expect more corrective action... Read More 

ChartWatchers

IMPROVEMENTS GALORE!

by Chip Anderson

NEW HOME PAGE DEBUTS - Our slick new home page provides you with a quick way to see all of the latest happenings at StockCharts... Read More 

ChartWatchers

TECHNICAL ANALYSIS 101 - PART 6

by Chip Anderson

This is the sixth 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 

ChartWatchers

ENERGY vs S&P 500: A MAJOR MOVE SOONER RATHER THAN LATER

by Richard Rhodes

The past several trading sessions have shown an increased propensity for traders to "allocate or rotate" funds into commodity and natural resource stocks. Those gains were no starker than during Friday's trading session, when the S&P Energy Sector (XLE) was higher by +3... Read More 

ChartWatchers

IT'S ALL RELATIVE

by Arthur Hill

The PerfChart below shows the percentage change for the S&P 500 and the nine sector SPDRs. The S&P 500 acts as the benchmark for relative performance. Sectors with greater percentage gains are outperforming the S&P 500. Sectors smaller percentage gains are underperforming... Read More 

ChartWatchers

NASDAQ TESTS 200-DAY LINE

by John Murphy

One of the problems with doing an analysis of the "stock market" is choosing which market index to represent it. Like most analysts, I rely on the S&P 500 which is generally viewed as the market benchmark... Read More 

ChartWatchers

STEADY ADVANCE PERSISTS

by Carl Swenlin

I have been referring to the slow, steady advance of the last few weeks as a "correction". To be more specific, it is a "running correction", which means that prices have moved higher as indicators have chopped sideways and lower... Read More 

ChartWatchers

GO AWAY IN MAY? REALLY?

by Tom Bowley

Ok, I understand the logic - partially. In order of S&P 500 calendar month performance since 1950, May ranks 8th out of 12 and June ranks 10th out of 12... Read More