ChartWatchers

June 2011

ChartWatchers

XLF Finds Support in Middle of a Big Consolidation

by Arthur Hill

The Finance SPDR (XLF) has been on a road to nowhere for almost two years now. After first moving above 15 in September 2009, the ETF embarked on a long trading range with support near 13 and resistance near 17... Read More 

ChartWatchers

THE VIX SAYS IT ALL

by Tom Bowley

Traders are expecting the horrible market we've seen thus far in June to only get worse. The VIX is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index... Read More 

ChartWatchers

IN THEORY...

by Chip Anderson

There are several new indexes at StockCharts.com that everyone should check out... Read More 

ChartWatchers

%NYSE STOCKS ABOVE 200-DAY AVERAGE STILL DROPPING

by John Murphy

Last Thursday's message showed the point & figure version of the % NYSE stocks above their 200-day moving average in a downside correction. I suggested that the first sign of improvement would be a three-box reversal to a rising X column... Read More 

ChartWatchers

WHAT'S "UUP" WITH THE DOLLAR

by Carl Swenlin

While the U.S. Dollar Index didn't do so well Friday, it is getting ready to generate a Trend Model buy signal. Note on the chart below that the 20-EMA is less than a hair away from crossing up through the 50-EMA, which will mechanically generate the buy signal... Read More 

ChartWatchers

Energy SPDR Breaks Neckline Support

by Arthur Hill

The Energy SPDR (XLE) has been one of the weakest sectors this month. In fact, the chart shows XLE breaking support from a large Head-and-Shoulders reversal pattern. The left shoulder peaked in March, the head peaked in April and the left shoulder peaked at the end of May... Read More 

ChartWatchers

IMPROVEMENTS TO PREDEFINED SCAN RESULTS

by Chip Anderson

IMPROVEMENTS TO PREDEFINED SCAN RESULTS - We've been hard at work improving our predefined scan results page so that you can quickly see which scans have had the biggest improvements over the course of the past day... Read More 

ChartWatchers

CYCLING ALONG WITH THE PRESIDENTS

by Chip Anderson

Hello Fellow ChartWatchers! Recently we introduced a new cycle analysis tool in our ChartNotes annotation tool - the Cycle "Sine Wave" tool. This tool helps you look at various period cycles on your charts... Read More 

ChartWatchers

S&P 500 VIOLATED MAJOR UP TRENDLINE

by John Murphy

Thurday's message showed the S&P 500 threatening two important support lines. Unfortunately, both have been broken. Chart 1 shows the SPX closing below its 100-day average (green line) for the first time since last August... Read More 

ChartWatchers

COMPLACENCY CONFIRMS A TOP

by Tom Bowley

There are many sentiment indicators that can be followed but the two I most closely follow are the Volatility Index (VIX) and the Equity Only Put Call Ratio (EOPCR). There are sentiment gauges that tell you how investment letter newswriters "feel" about the market... Read More 

ChartWatchers

NATURAL GAS LOOKING TO PLAY "CATCH-UP"

by Richard Rhodes

In the past 10-months, the commodity markets have rallied rather substantially on the back of the QE-2 campaign... Read More 

ChartWatchers

TIMING SIGNALS SHOW MARKET WEAKENING

by Carl Swenlin

For over three months the market has been chopping around and making very little progress. In the process internals have been weakening, a fact that is reflected in the signal table below... Read More 

ChartWatchers

RETAILERS BEAR BRUNT OF SELLING PRESSURE

by Arthur Hill

With economic indicators and employment statistics coming up short this week, retail stocks came under considerable selling pressure. Led by weakness in Wal-Mart and Home Depot, the **Retail HOLDRS (RTH)** is down some 7% the last few weeks... Read More