ChartWatchers

November 2009

ChartWatchers

Holiday Special Starts and Announcing our New Loyalty Rewards Program

by Chip Anderson

Hello Fellow ChartWatchers! I have two big announcements for you this time around: OUR HOLIDAY SPECIAL IS NOW ON! With the holiday season just around the corner, we've fired up our Holiday Special. It's a great way for you to join up or extend your StockCharts... Read More 

ChartWatchers

Gold and Silver Bull Market Rages On

by Tom Bowley

While there are lots of questions surrounding the sustainability of the stock market advance, there seems to be little resistance ahead for commodities, specifically gold and silver. The U.S. dollar is the primary variable... Read More 

ChartWatchers

LARGER CORRECTION LOOMING FOR GOLD?

by Richard Rhodes

Gold prices are obviously rising, and they are rising rapidly. However, given the move has begun to go parabolic in its 8-year of rally - we have to question how much higher gold prices can go in both the short and intermediate-term... Read More 

ChartWatchers

Dow Hits Top of Channel

by Arthur Hill

The Dow has been moving higher the last three months with surges early in the month and pullbacks later in the month. Notice how the Dow bottomed in early September, early October and early November. Also notice how the Dow peaked in mid September and mid October... Read More 

ChartWatchers

TRENDLINES AND 50% RETRACEMENTS REACHED

by John Murphy

The following three charts show the three major U.S. stock indexes having reached formidable overhead resistance barriers. Charts 1 and 2 show the Dow Industrials and the S&P 500 having retraced 50% of their bear market declines... Read More 

ChartWatchers

STOCKS STILL OVERVALUED

by Carl Swenlin

Stocks have been in the overvalued end of the normal P/E range since the early-1990s, and this condition shows no sign of abating. Below is an excerpt from our daily earnings summary that will offer readers a better perspective... Read More 

ChartWatchers

BARRICK AND NEWMONT MINING TURN UP

by John Murphy

With gold hitting new record highs each day, gold stocks are starting to play catch-up. Two of the biggest are at or very close to hitting new 52-week highs. Chart 1 shows Barrick Gold closing at a new 52-week high today... Read More 

ChartWatchers

BIOTECHNOLOGY ETF FINDING SPONSORSHIP

by Richard Rhodes

We find it rather interesting that the laggard Biotechnology group and the Biotechnology ETF (BBH) in particular have begun to find sponsorship; and it is our opinion that BBH is set to embark upon a period of both absolute and relative out-performance... Read More 

ChartWatchers

MARKET IS STRONG, BUT CORRECTION SHOULD CONTINUE

by Carl Swenlin

Looking at the S&P 500 chart below, the breakdown from the ascending wedge pattern is clear enough, and expectation of the breakdown has been fulfilled... Read More 

ChartWatchers

VOLUME TRENDS REVERSE; H&S PATTERNS EMERGE

by Tom Bowley

In my latest article on October 18, I provided a very cautious tone but noted that volume trends remained strong - good news for the bulls! Well, short-term volume trends now have turned negative, though the really key long-term price support levels remain intact... Read More 

ChartWatchers

TECHNICAL ANALYSIS 101 - PART 15

by Chip Anderson

This is the next 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

LONG-TERM RATES MOVING BEFORE STOCKS

by Arthur Hill

The 10-Year Treasury Yield ($TNX) is largely positively correlated with the S&P 500 - and also shows a propensity to lead the stock market. The chart below shows the 10-Year Treasury Yield peaking in July 2007 and stocks peaking in October 2007, three months later... Read More