ChartWatchers

May 2011

ChartWatchers

SPRING SPECIAL ENDS ON MAY 31st

by Chip Anderson

Hello Fellow ChartWatchers! This week's newsletter features some great Bullish vs. Bearish discussions including some Elliot wave analysis from John Murphy. I also wanted to take time to remind everyone that our Spring Special will end shortly... Read More 

ChartWatchers

BULLS ON THE DEFENSIVE

by Tom Bowley

Issues are mounting and the pressure is definitely weighing on the bulls. While we haven't seen any major breakdowns to confirm several bearish signs, you should be approaching the market with caution in my opinion... Read More 

ChartWatchers

THE MARKET'S HAD A FIVE WAVE ADVANCE

by John Murphy

Determining Elliott Wave counts can be very subjective. One way to make it little easier is to employ a "ZigZag"overlay on the price chart. [The ZigZag is located in the same Overlays menu that includes moving averages]... Read More 

ChartWatchers

NYSE COMPOSITE IN CORRECTIVE MODE

by Richard Rhodes

Since the end of April, the broader market as defined by the NYSE Composite Index has been in a corrective mode... Read More 

ChartWatchers

POSSIBLE MARKET TOP

by Carl Swenlin

A reader recently called me a perma-bull, which is amusing, since by nature I'm usually disposed toward bearishness. I will, however, remain bullish until our mechanical timing model switches from a buy... Read More 

ChartWatchers

Gold Miners ETF Bounces off Major Support Level

by Arthur Hill

After getting slammed with a 10+ percent decline in May, the Gold Miners ETF (GDX) hit support and bounced over the last few days. As the chart below shows, this is no ordinary support level for GDX... Read More 

ChartWatchers

CELEBRATING 12 YEARS OF CHARTING WITH OUR SPRING SPECIAL!

by Chip Anderson

Hello Fellow ChartWatchers! Believe it or not, StockCharts.com was founded 12 years ago on May 15th, 1999. To celebrate, we are running our Spring Special from now until the end of May. What is our "Spring Special"? I'm so glad you asked..... Read More 

ChartWatchers

THE TALE OF TWO MARKETS

by Tom Bowley

It was a little more than one year ago - in April 2010 - that I began warning about a potential top approaching. We now know what happened in May and June of that year... Read More 

ChartWatchers

DROP IN BOND YIELDS MAY BE WARNING FOR STOCKS

by John Murphy

Bonds have benefited from the plunge in commodities. Several bond ETFs have rallied to the highest levels in months. Rising bond prices are pushing bond yields lower. And that may be a warning for stocks... Read More 

ChartWatchers

CITIGROUP 10-FOR-1 REVERSE SPLIT

by Carl Swenlin

On Monday, May 9, Citigroup (C) stock will undergo a 10-for-1 reverse split. What this means is that 10 shares of C will be merged into one share, and holders of C will own one-tenth as many shares, but each share will be worth ten times the value of pre-split shares... Read More 

ChartWatchers

OIH Breaks Support as it Leads XLE Lower

by Arthur Hill

The Oil Service HOLDRS (OIH) is leading the energy sector lower with a break below the March lows. There are two bearish patterns working on the OIH price chart. First, OIH hit resistance in the 162.5-167... Read More