ChartWatchers

October 2013

ChartWatchers

Loss of Faith in the US Dollar

by Richard Rhodes

The US Congress came through at the 11th hour once again as many expected they would in opening the government and raising the debt ceiling, but only for a short while really... Read More 

ChartWatchers

The $TSX Soars Above Resistance With A Global Tide

by Greg Schnell

Commodity countries have been trying to find a bid for a while. This week, Toronto closed at 2 year highs, well above resistance.This is the first close above 13000 in 2 years. The link is here. $TSX Here is a chart of other major indexes breaking out... Read More 

ChartWatchers

Gaps Created By Earnings Surprises

by Tom Bowley

I've mentioned it before, but I'll say it again. I LOVE trading stocks (in bull markets) that gap higher on better-than-expected revenues and earnings and very strong volume as it's a sign of great management execution and investor accumulation... Read More 

ChartWatchers

Financials Lead Stock Market to New Highs

by Arthur Hill

Stocks went on a tear the last two weeks with all indices and sectors moving higher. In the past week, we saw fresh 52-week highs in the Russell 2000 (small-caps), Nasdaq (techs) and the S&P 500 (broader market)... Read More 

ChartWatchers

Where Are You on Your Technical Investing Journey?

by Chip Anderson

Hello Fellow ChartWatchers! Whether you realize it or not, all ChartWatchers are on a journey of self-improvement. We are all trying to become better stock market investors. As users of StockCharts, our journeys have many similar paths and common milestones... Read More 

ChartWatchers

U.S. Dollar Index Falls to Two-Year Low

by John Murphy

The U.S. dollar continues to weaken. Chart 1 shows the PowerShares US Dollar Bullish Fund (UUP) falling to the lowest level since the third quarter of 2011. One of the side-effects of a falling dollar is that it gives a boost to gold. And it's doing just that... Read More 

ChartWatchers

Persistent Bull

by Carl Swenlin

A month ago the market seemed to be setting up for an intermediate-term correction. On the month-old chart below we can see a bearish rising wedge accompanied by negative divergences in price, breadth, and volume... Read More 

ChartWatchers

Don't Fall for "Visual Coincidences" on Overlaid Charts

by Chip Anderson

Hello Fellow ChartWatchers! We have several bearish-sounding articles for you this week as several of the major markets continue moving lower. The Dow has been down 9 of the past 12 trading days and its chart reflects that decline. However all is not lost... Read More 

ChartWatchers

Time For Earnings Season

by Tom Bowley

As a trader, this is my favorite time of each quarter. I love it when earnings begin to roll out because the increased volatility generally sets up excellent trading opportunities... Read More 

ChartWatchers

U.S. Stocks Weaken Versus Foreign Stocks

by John Murphy

My last message discussed how money was starting to rotate out of an over-extended U.S. stock market into foreign stocks which are trying to catch up to the U.S. market. This message will build on that theme by using ratio (or relative strength analysis)... Read More 

ChartWatchers

The Commodities Try To Find Support

by Greg Schnell

The global expansion has been tepid at best. One of the indicators I like to look at is the commodities demand. The easiest way to check that is to compare the commodities to the 10 Week MA. Here is the Commodities Dashboard I like to scan. Click here for a live version... Read More 

ChartWatchers

Rydex Ratio in the Danger Zone

by Carl Swenlin

The Rydex Ratio has reached a level where it is telling us that sentiment is too bullish, and that stock prices are vulnerable. The Rydex Ratio gives a view of sentiment extremes using using the totals of assets in Rydex mutual funds... Read More 

ChartWatchers

Relative Strength in Small-caps Supports the Current Bull Market

by Arthur Hill

The Russell 2000 ($RUT) and the Nasdaq ($COMPQ) are leading the relative performance game and this is positive for the stock market. The Russell 2000 represents small-caps and the Nasdaq represents the technology sector... Read More