ChartWatchers

March 2011

ChartWatchers

DOLLAR INDEX DROPS TO THREE-YEAR LOW

by John Murphy

Traders continue to sell the U.S. Dollar. In yesterday's trading, the dollar fell to a 20-year low against the Japanese yen. Today, it's falling against everything else. More importantly, the greenback is breaking important support levels... Read More 

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CORRECTIVE PROCESS IN FULL BLOOM FOR RUSSELL 2000

by Richard Rhodes

Over the past several weeks, we've seen the market leader Russell 2000 Small Cap Index ($RUT) falter modestly given Middle East/North Africa and Japanese concerns... Read More 

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PREPARING FOR THE "BANG!"

by Carl Swenlin

(This is an excerpt from Friday's blog for Decision Point subscribers.) My wife is something of an insomniac, so she listens to a lot of nighttime talk shows -- not the best cure for insomnia, I'll bet... Read More 

ChartWatchers

DA BEARS ARE IN CHARGE!

by Tom Bowley

For the first time since August 2010, the bears are in control of the short-term action... Read More 

ChartWatchers

HOW ARE THE MARKET SECTOR BPI'S HOLDING UP?

by Chip Anderson

Hello Fellow ChartWatchers! Talk about your "Wall of Worry"! These days there are tons of things to worry about. So are the bulls going to be able to keep climbing? Whenever I want to get a solid, high-level view of the overall market I turn to our trusty Bullish Percent Indexes... Read More 

ChartWatchers

QQQQ and IWM Form Pennants at Potential Support Levels

by Arthur Hill

With big declines on Wednesday, the Nasdaq 100 ETF (QQQQ) and the Russell 2000 ETF (IWM) both became oversold and hit potential support zones. The first chart shows QQQQ hitting support around 54 after an 8+ percent decline the last few weeks... Read More 

ChartWatchers

FALLING DOLLAR IS CONTRIBUTING TO RISING COMMODITIES

by John Murphy

In my Tuesday message, I agreed with the Fed chairman that commodity prices were rising against all currencies. That doesn't mean, however, that the falling U.S. Dollar isn't a major contributor to rising commodities. After all, global commodities are priced in dollars... Read More 

ChartWatchers

DOLLAR INDEX BREAKING DOWN AGAIN

by Carl Swenlin

(This is an excerpt from Friday's blog for Decision Point subscribers.) The U.S. Dollar Index is in immediate danger again, so lets take a close look at charts from all three time frames, beginning with the daily bar chart... Read More 

ChartWatchers

SILVER AND GOLD

by Richard Rhodes

The recent gold price rally to new highs hasn't been impressive when compared to silver's sharp rally; but then again, the race may not always go to the rabbit. And it is this thought that has prompted us to consider the horridly lagging gold stocks (GDX)... Read More 

ChartWatchers

FINALLY CONSOLIDATION!

by Tom Bowley

It's hard to believe it's been two years since that infamous 2009 March bottom. I'm going to focus on the NASDAQ for purposes of today's article... Read More 

ChartWatchers

BEWARE THE "ETF" TRAP

by Chip Anderson

Hello Fellow ChartWatchers! (This is a repeat of an article I wrote in 2007. Seems like now is a great time to review its message... Read More 

ChartWatchers

Overall Uptrend Remains As SPY Battles a Pair of Gaps

by Arthur Hill

The S&P 500 ETF (SPY) is hitting resistance from last week's gap down, but may just find support from this week's gap up. The latest round of gaps started with a gap down from a new high on 22-February... Read More