ChartWatchers

April 2011

ChartWatchers

TOP TEN THINGS YOU PROBABLY DIDN'T KNOW ABOUT STOCKCHARTS.COM

by Chip Anderson

Hello Fellow ChartWatchers! We get lots of great feedback from our users and I review much of it. Over the years, certain patterns emerge from the messages we get... Read More 

ChartWatchers

THE SECTOR ROTATION MODEL

by John Murphy

My Tuesday message talked about how sectors rotate near market tops. I explained that market leadership by materials and energy (which carries inflationary expectations) is often a sign of market that's in need of a correction or a consolidation... Read More 

ChartWatchers

USING THE PPO INDICATOR

by Tom Bowley

If you plot the Percentage Price Oscillator (PPO - 12,26,9) on an index or individual stock chart next to the MACD (12,26,9), you'll find that they appear to be identical. Let's use Wynn Resorts (WYNN) as an example... Read More 

ChartWatchers

GOLD STOCKS ETF (GDX) POISED FOR SHARP MOVE UP?

by Richard Rhodes

The recent gold price rally to new highs has paled in comparison with silver's seemingly parabolic move higher... Read More 

ChartWatchers

AGING BULL

by Carl Swenlin

It is a rule-of-thumb that the average bull/bear cycle lasts about four years trough to trough -- 2.5 years of bull market followed by 1.5 years of bear market. Like most of these kinds of rules, it is good to keep them in mind, but don't try to set your watch by them... Read More 

ChartWatchers

INFLATION-INDEXED BONDS AND GOLD SURGE

by Arthur Hill

The positive relationship between the Inflation Indexed Bond ETF (TIP) and the Gold SPDR (GLD) went through a rough patch in December-January, but got back on track the last two month. First, note that both remain in clear uptrends... Read More 

ChartWatchers

INTERMARKET PICTURE POINTS TO CHANGE IN MARKET DIRECTIONS

by Chip Anderson

John Murphy has written extensively about Intermarket Analysis - the study of the key relationships between the four major financial markets and how those markets affect each other in the long run... Read More 

ChartWatchers

BANK INDEX - THE "CANARY IN THE COAL MINE"?

by Richard Rhodes

Questions about regarding the quick/sharp rally off the March 16th low. They are numerous, and they consist of a number of troubling circumstances that call into question the veracity of the rally... Read More 

ChartWatchers

LONG-TERM TECHNICALS AND RISING PESSIMISM TRUMPS SHORT-TERM BREAKDOWN

by Tom Bowley

Let's face it. Two weeks ago, the market looked cooked. There didn't appear to be a single drop of gas left in the bulls' tank. We saw impulsive selling. The volume surged on the selling... Read More 

ChartWatchers

DOW TRANSPORTS SURGE TO NEW TO NEW 52-WEEK HIGH

by Arthur Hill

Despite relative weakness in airlines and $108 oil, the Dow Transports surged to a fresh 52-week high on Friday. The chart below shows the Average finding support around 4900 from late February to mid March and then surging around 10% the last 2-3 weeks... Read More 

ChartWatchers

BOND YIELDS JUMP

by John Murphy

This morning's March jobs numbers reported U.S. payrolls jumping by 218,000 which was higher than estimates. In addition, the unemployment rate declined to a two-year low of 8.8%. The result is a jump in stock futures which points to a higher open today... Read More 

ChartWatchers

GLOBAL MARKETS ENHANCE PERSPECTIVE

by Carl Swenlin

(This is an excerpt from Friday's blog for Decision Point subscribers.) If nature abhors a vacuum, technicians abhor "V" bottoms... Read More