ChartWatchers

June 2009

ChartWatchers

TECHNICAL ANALYSIS 101 - PART 9

by Chip Anderson

This is the ninth 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

BPNYA TURNS DOWN FROM OVERBOUGHT TERRITORY

by John Murphy

I recently showed the NYSE Bullish Percent Index (BPNYA) having reached overbought territory over 70. the BPNYA is the percent of NYSE stocks that are in point & figure uptrends. I suggested that a drop below the May trough at 68 could signal a short-term top... Read More 

ChartWatchers

BREAKDOWN AND SNAPBACK

by Carl Swenlin

On Monday, in predictable fashion, prices broke down from the ascending wedge pattern we've been watching. Then, after a correction of 5%, prices began a snapback move up toward the recently violated support line (now overhead resistance)... Read More 

ChartWatchers

NOT MUCH TO LIKE ABOUT HOUSING...

by Richard Rhodes

As the "green shootists" shout from the rooftops about the bottoming of the US and world economy; we think a technical and the Housing Index ($HGX) in particular offer keen insight as to whether one component of what led the US into the housing & credit market bubble..... Read More 

ChartWatchers

GOLD SETTING UP FOR MOVE HIGHER

by Tom Bowley

There are lots of questions in the market regarding possible inflation, deflation, and general market weakness. One way to hedge against all three is to play gold. Below is a long-term weekly chart that shows gold in a very bullish inverse head & shoulders continuation pattern... Read More 

ChartWatchers

VIX BREAKS A TRENDLINE

by Arthur Hill

A downtrend in the S&P 500 Volatility Index ($VIX) underpins the current rally in the S&P 500. After all, decreasing fear gives way to confidence. The chart below shows the VIX as a 3-day SMA to smooth out daily fluctuations... Read More 

ChartWatchers

AUTO-COMPLETE TICKER BOX

by Chip Anderson

We've just added a new "auto-complete" dropdown box feature to our home page. As you enter a ticker symbol or company name into the "Symbol" box, we now display suggestions from our symbol database for what we think you are looking for... Read More 

ChartWatchers

TECHNICAL ANALYSIS 101 - PART 8

by Chip Anderson

This is the eighth 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

TIME TO TURN CAUTIOUS

by Tom Bowley

I've been bullish for several weeks now, but the tide is changing. We are running out of historical bullish periods until later in 2009... Read More 

ChartWatchers

DRUGS & HEALTHCARE POISED TO OUTPERFORM

by Richard Rhodes

As the current rally perpetuates beyond what reasonable technicians would have thought at this point - the buying surge has now surpassed 57 trading sessions, it would appear traders are searching rather intently for those "laggard" groups or stocks to provide them with enhanced ... Read More 

ChartWatchers

200-DAY AVERAGE IS STILL DROPPING

by John Murphy

Virtually all major market indexes (including the Dow) have now exceeded their 200-day moving averages. That's a positive sign for the stock market, and adds more weight to the view that a major bottom has been seen... Read More 

ChartWatchers

IMPORTANT RESISTANCE ENCOUNTERED

by Carl Swenlin

On the chart below we could attach a callout window to the rally that began in March and entitle it "Bull Market Rules Apply"... Read More 

ChartWatchers

OVERBOUGHT AND BULLISH

by Arthur Hill

Even thought the Dow Diamonds (DIA) is overbought medium-term, the recent breakout is short-term bullish and this breakout is holding. On the daily chart, DIA broke above flag resistance with a surge on Monday. This move pushed CCI above 100 to turn momentum overbought... Read More