ChartWatchers

February 2013

ChartWatchers

Overlaying Indexes Using the Same Vertical Scale

by Chip Anderson

Hello Fellow ChartWatchers! Overlaid charts are a very powerful feature of StockCharts.com. Most people are familiar with using the "Price" Indicator with the "Behind Price" Position setting to create an overlaid chart. (If you aren't, be sure to read this article for more... Read More 

ChartWatchers

2013 Sector Leaders are Energy and Financials

by John Murphy

SECTOR LEADERS YEAR TO DATE... Chart 1 plots relative strength ratios of the energy, financial, and industrial sectors versus the S&P 500 (the black zero line). Those three sectors have been the top performers year to date. Technology has been the weakest (on a relative basis)... Read More 

ChartWatchers

Reasons to be Concerned with the Tech Sector

by Greg Schnell

This weekend, I want to talk about the technology sector. Some of the major tops of the market have been spotted on the $NDX before the market breaks down. Here's the chart. It has a lot of data on it. I would encourage you to click on this link $NDX to see a larger version... Read More 

ChartWatchers

Six Important Short-Term Warning Signs for This Market

by Tom Bowley

I remain bullish for 2013 and believe we could see 1700-1800 on the S&P 500 before the year is over. But I can't deny the short-term warning signs that are showing up everywhere. Let's take the issues one at a time. 1... Read More 

ChartWatchers

Gold Now Approaching Critical Support

by Carl Swenlin

Downward pressure in gold prices continued as very large funds liquidated substantial portions of their positions in the gold ETF (GLD). (See article.) Naturally, we need to look at the charts to give this story some context. (Charts were made before the close... Read More 

ChartWatchers

QQQ Hesitates, but the ETF is not Lost Just Yet

by Arthur Hill

The Nasdaq 100 ETF (QQQ) just can't seem to find its mojo this year, but the 2013 trend is still up and the bulls still have the edge, albeit a slight edge. First, note that QQQ has been trending higher since mid November... Read More 

ChartWatchers

THE MOVE SEEN AROUND THE WORLD

by Greg Schnell

Starting in the summer, some of the global stock markets started to move higher. Once Mario Draghi suggested he would do whatever it takes to save the euro, the European markets have been on a tear higher... Read More 

ChartWatchers

ENERGY'S RALLYING, WHAT'S NEXT?

by Tom Bowley

Energy apparently has more fuel in the tank. After underperforming the past couple years, it has rocketed higher to start 2013 and was the leading sector during what was a VERY solid January... Read More 

ChartWatchers

FUTURES INDEXES VERSUS ETFs

by Carl Swenlin

READER QUESTION: I am always curious why you elect to use a surrogate of a market to provide a technical analysis. The one I have a concern with is using UUP to analyze a H&S formation and mention violation of support... Read More 

ChartWatchers

FALLING DOLLAR BOOSTS COMMODITIES

by John Murphy

My Thursday message showed the Power Shares Dollar Index Bullish Fund (UUP) on the verge of a technical breakdown. The weekly bars in Chart 1 show the cash version of the Dollar Index... Read More 

ChartWatchers

CURRENCY WAR

by Richard Rhodes

There has been quite a bit of banter recently about a "currency war" developing given the Japanese Yen has fallen dramatically against the USD - roughly -15% in the past 11-weeks... Read More 

ChartWatchers

I DIDN'T KNOW STOCKCHARTS.COM DID THAT!

by Chip Anderson

Hello Fellow ChartWatchers! The Dow moved above 14,000 yesterday at 11:04am. How do I know the exact time that happened? I know because StockCharts tweeted about it the instant it happened... Read More 

ChartWatchers

DOW MAKES A ROUND TRIP WITH 100% GAIN

by Arthur Hill

With a 150-point gain to end the week, the Dow Industrials closed above the next big number (14000) and hit a significant milestone. There is usually nothing special about round numbers, such as 14000, but this number is special because the Dow failed at 14000 in 2007... Read More