ChartWatchers

April 2012

ChartWatchers

DENSE GRID SETTINGS CONSIDERED HARMFUL

by Chip Anderson

Hello Fellow ChartWatchers! Spring has finally sprung here in the Pacific Northwest and we are very glad that it has. I hope the weather is as nice where you are as it is here. This edition of ChartWatchers contains some great articles - not all of them quite so sunny... Read More 

ChartWatchers

"THE TRADING JOURNAL" - SECTOR SUMMARY IMPROVEMENTS - PUBLIC CHARTLIST NOTIFICATIONS

by Chip Anderson

WELCOME GATIS ROZE AND "THE TRADING JOURNAL" BLOG - In case you missed it, we've added another great author to our collection. Gatis Roze is not writing articles in our free Blogs area for "The Trading Journal" blog... Read More 

ChartWatchers

MARKET MAKERS SCORE AN EMPTY NET GOAL

by Tom Bowley

Once a month, the stock market provides us a unique opportunity. In basketball terms, it's like the market makers have the ball with time running out in the quarter - or the game - and they nearly always bury that critical three-pointer... Read More 

ChartWatchers

DEFENSIVE SECTOR ROTATION

by John Murphy

One of the ways to measure the mood of the stock market is to see what sector rotations are taking place beneath the surface. Chart 1 shows that sector rotations over the past month reflect a market mood that is turning more defensive... Read More 

ChartWatchers

SPY VERSUS SPX

by Carl Swenlin

A subscriber brought something to my attention that I wish I had thought of before. We think (at least I did) that the SPY (ETF) and SPX (S&P 500 Index) perform pretty much the same except for some minor tracking error... Read More 

ChartWatchers

ENERGY SECTOR IS THE WEAKEST OF THE NINE

by Arthur Hill

The Energy SPDR (XLE) broke key support in late March with a sharp decline and has yet to reach the next key support level. The chart below shows XLE consolidating in the 69 area over the last two weeks. This consolidation looks like a rest within the downtrend... Read More 

ChartWatchers

SPRING INTO SMALL CAPS

by Tom Bowley

I'm not quite sure why, but there definitely is a positive bias towards small cap stocks as we approach the Spring season. April and May are the 2nd and 3rd best calendar months in terms of annualized returns on the Russell 2000... Read More 

ChartWatchers

MIDCAPS STALL AT OLD HIGH - NYSE WEAKENS

by John Murphy

Although I generally look at the S&P 500 to get a feel for the market's trend, it's a good idea to see what other stock indexes are doing. Two of them are giving warning signals. Chart 1 shows the S&P 400 Mid Cap Index (MID) starting to meet resistance along its 2011 highs... Read More 

ChartWatchers

4-YEAR CYCLE APPROACHING CREST?

by Carl Swenlin

We don't look at the 4-Year Cycle chart very often, but a subscriber's comments reminded me that now would be an excellent time to view the progress of this important cycle. On the chart below the vertical lines show the location of all nominal 4-Year Cycle troughs since 1948... Read More 

ChartWatchers

ARE BATS REALTIME CHARTS RIGHT FOR YOU?

by Chip Anderson

Hello Fellow ChartWatchers! Having the right subscription level can save you a significant amount of money OR depending on how you use it, it can cost you a lot of money in the form of bad trades... Read More 

ChartWatchers

Regional Banks and Housing Stocks Maintain Strong Correlation

by Arthur Hill

The Regional Bank SPDR (KRE) and the Home Construction iShares (ITB) have led the market higher since October. ITB is up over 50% since early October and KRE is up over 40%. The chart below shows ITB in black and KRE in red... Read More