ChartWatchers

January 2014

ChartWatchers

Some Legendary and Eventful Additions to StockCharts

by Chip Anderson

Hello Fellow ChartWatchers! The last two days of last week caused everyone to pause and re-evaluate their market opinions. That includes our stable of ChartWatchers analysts. Glancing over the headlines for their articles below, you'll see lots of use of the "B"-word... "Bearish... Read More 

ChartWatchers

Plunge in Emerging Markets Causes Global Downturn in Stocks

by John Murphy

My Wednesday message showed the close correlation between weak emerging market currencies and emerging market stocks. It showed the WisdomTree Emerging Currency Fund (CEW) threatening to break an important support line. The green line in Chart 1 shows that happening... Read More 

ChartWatchers

January Reflecting a Neutral to Bearish 2014 Forecast

by Tom Bowley

This bull market has been humming along since March 2009, but we cannot ignore the storm clouds building on the horizon... Read More 

ChartWatchers

Bearish Weekly Key Reversals for US and World Indices

by Richard Rhodes

Last week's trade was rather bearish from a technical perspective, for many of the US and world indices forged "bearish weekly key reversals" to the downside. To us, this suggests that a larger correction is underway - perhaps -10%...but perhaps a greater percentage... Read More 

ChartWatchers

Possible Head and Shoulders Developing

by Carl Swenlin

The head and shoulders pattern is frequently how a price index puts in a top, and, while it may be a bit early to start talking about it, it is one possible scenario that we can anticipate... Read More 

ChartWatchers

Commodity Currencies Present A Global Conundrum

by Greg Schnell

Recently, the IMF Leader - Christine Lagarde - talked about deflation. She announced we must do all we can do prevent deflation from occurring. In Davos, the IMF released their 2014 World Economic Outlook. Look at the trend they predict for commodities... Read More 

ChartWatchers

Consumer Discretionary and Finance Sectors Fall in Sector Rankings

by Arthur Hill

It has been a rough year for stocks and two key offensive sectors are leading the way lower. I like to group the sector SPDRs into three groups: offensive, defensive and other... Read More 

ChartWatchers

Registration Now Open for ChartCon 2014 in Seattle this August

by Chip Anderson

Hello Fellow ChartWatchers! Happy New Year! 2013 was very, very good to technical investors. Let's hope 2014 continues that trend. As we mentioned in the previous newsletters, we've put together an amazing line up of speakers for our upcoming ChartCon conference... Read More 

ChartWatchers

Bond Yield Plunges on Weak Jobs Report

by John Murphy

Friday's news that American employers added only 74,000 jobs in December didn't have much of an effect on the broader stock market, but did shock bond investors. Chart 1 shows the 10-Year Treasury Note Yield ($TNX) suffering the worst drop since September... Read More 

ChartWatchers

Sizing Up Earnings Season

by Tom Bowley

It's my favorite time of the quarter - as a trader. I approach it like an offensive or defensive coordinator on one of the NFL playoff teams this weekend... Read More 

ChartWatchers

Major Breakout on Hold

by Richard Rhodes

Friday's US Employment Situation Report was much less-than-expected at +87k... Read More 

ChartWatchers

Interest Sensitive Issues Get Interesting

by Greg Schnell

Recently the Municipal Bond ETF started to turn higher. It has been a leading indicator for some of the actual government bond issues. You can see it has broken above the 40 WMA and has started to turn the MA's from down to flat. We'll see if it can extend... Read More 

ChartWatchers

Flags are Flying Around and Within the Dow

by Arthur Hill

The Dow Diamonds (DIA) and several key stocks within the Dow formed bullish continuation patterns over the last two weeks and traders should watch these patterns for breakouts. DIA formed a falling flag and this pattern represents a rest after a sharp advance... Read More