ChartWatchers

July 2009

ChartWatchers

McClellan Oscillators Remain Bullish

by Arthur Hill

The McClellan Oscillators moved from bearish to bullish with the July surge in stocks. Basically, the McClellan Oscillator is the 19-day EMA of Net Advances less the 39-day EMA of Net Advances (advances less declines)... Read More 

ChartWatchers

DOLLAR SELLS OFF AS EURO HOLDS SUPPORT

by John Murphy

It looks like you can throw out most of what I wrote last Friday. I was expecting a deeper market correction after most market indexes broke short-term head and shoulder "necklines" (and daily EMA lines turned negative)... Read More 

ChartWatchers

BREAKDOWN BECOMES BEAR TRAP

by Carl Swenlin

Last week I presented an alternate scenario to the head and shoulders breakdown and projected decline: "While the bearish case seems strongest at this point, a bullish outcome is not impossible... Read More 

ChartWatchers

Riding Out the Summer Doldrums

by Richard Rhodes

As the summer doldrums set in, we've seen quite a bit of back and forth in the various capital markets, with prices not moving far from where they were just 2-months prior... Read More 

ChartWatchers

Semiconductors Continue As Relative Leaders

by Tom Bowley

This first chart really says it all: Semiconductors are trying to break out on a relative basis. They're trying to do it at a time when the major indices are attempting breakouts of their own... Read More 

ChartWatchers

Majority of Stocks Still Above their 200-day SMAs

by Arthur Hill

It is hard to argue with the bulls when the vast majority of Nasdaq and NYSE stocks are trading above their 200-day SMAs. Over 66% of Nasdaq stocks are trading above their 200-day moving averages, while over 77% of NYSE stocks are trading above their 200-day moving averages... Read More 

ChartWatchers

Consumer Discretionary Stocks Get Rocked

by Arthur Hill

Non-farm payrolls declined 467,000 for June, which was worse than expected. Stocks took the news hard with a broad based decline on Thursday... Read More 

ChartWatchers

CORRECTIVE MOVE OR SIGNIFICANT DOWNTREND?

by Tom Bowley

I believe it's the former. Thursday's selloff after the June Employment report was a bit scary, particularly if you're only looking at the magnitude of the point losses. But, in my opinion, no key support levels have been violated... Read More 

ChartWatchers

TECHNICAL ANALYSIS 101 - PART 10

by Chip Anderson

This is the tenth 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

DEFENSIVE ROTATIONS DURING JUNE

by John Murphy

A sign that investors have turned more negative over the last month is the rotation out of economically-sensitive groups (like consumer discretionary and energy stocks) and into defensive groups (like utilities, consumer staples, and healthcare)... Read More 

ChartWatchers

GOLDEN CROSS

by Carl Swenlin

About a week ago the S&P 500 50-SMA (simple moving average) crossed up through the 200-SMA. (See chart below.) This is known as a "Golden Cross" because it is interpreted by many as a sign that the market is turning long-term bullish... Read More