ChartWatchers

May 2014

ChartWatchers

PMO BUY Signals Reviewed From DP 152 Blue Chip Tracker Report

by Erin Swenlin

The DP Tracker reports are full of information on a variety of stocks and ETFs. Here is a link to a blog with more information on DP Trackers and how to find and use them... Read More 

ChartWatchers

The Nasdaq Bullish Percent Index ($BPNDX) Is Suggesting This Is The Time For Caution

by Greg Schnell

Many investors were enjoying the ride up in growth stocks through 2013 and into 2014 this year, when the whole group started dropping. This drop spilled over to the Nasdaq 100. Since early May we have bounced... Read More 

ChartWatchers

Small Caps: Turn Around Approaching?

by Tom Bowley

I've been very cautious about the stock market throughout most of 2014. There are warning signs galore. But the Russell 2000 has been hit particularly hard year-to-date, dropping approximately 10% from the high set in early March... Read More 

ChartWatchers

A (Mostly) Complete List of This Year's New Features on StockCharts

by Chip Anderson

Hello Fellow ChartWatchers! While the major averages were mixed last week with the Nasdaq up 0.5% and the Dow down 0.5%, in general the markets continued to weaken... Read More 

ChartWatchers

A Comparison of Global Stocks Shows Unusual Divergences

by John Murphy

While U.S. stocks are starting to struggle on fears of high valuation, some money is starting to flow into foreign stocks that show better value. The chart below shows the S&P 500 doing better than foreign developed and emerging markets since the October 2011 bottom... Read More 

ChartWatchers

10-Year Treasury Yields Fall to Seven-Month Low

by John Murphy

The first chart below shows the 10-Year Treasury Note Yield (TNX) falling below its early February low in trading on Wednesday. That puts the TNX at the lowest level since last October... Read More 

ChartWatchers

The 1% EMA A-D Index: A Long-Term Breadth Indicator

by Carl Swenlin

Our focus is so often on the short term, but an awareness of what is happening longer-term is essential to getting a complete sense of market condition. One useful long-term indicator is what we call the 1% EMA of the Advance-Decline Ratio... Read More 

ChartWatchers

$LUMBER Is A Key Indicator For Housing : Decision Time

by Greg Schnell

$LUMBER is a rarely watched indicator relative to $COPPER, $GOLD, and $WTIC. But Lumber is a valuable signalling tool. Let's pull up the long term chart and discuss why... Read More 

ChartWatchers

Another Wedge worth Watching

by Arthur Hill

As noted in ChartWatchers two weeks ago, rising wedges are appearing on some key charts and chartists should watch these closely for directional clues... Read More 

ChartWatchers

Gold Breaks Out of Falling Wedge

by Carl Swenlin

Gold broke out of its recent falling wedge pattern, which is the normal expectation for that pattern. The weekly chart shows price sliding down the declining tops line. Nice that it is staying on top of the line, but it needs to reverse direction... Read More 

ChartWatchers

Tracking Down Great Stocks with DP Trackers

by Chip Anderson

Hello Fellow ChartWathcers! April ended on a fairly positive note with all of the major US average up about 1% for the week. That comes as we head into what has been - at least over the last 5 years - the worst month of the year for the S&P 500... Read More 

ChartWatchers

Cyclicals Not Worth The Gamble

by Tom Bowley

In 2013, market participants couldn't get enough of cyclicals, or consumer discretionary stocks. The XLY (ETF that tracks consumer discretionary) rose more than 40% in 2013 to lead all sectors on a relative basis... Read More 

ChartWatchers

$NYSI or $NASI, Which One Is Right?

by Greg Schnell

The summation indexes built by Sherman and Marian McClellan are almost paradoxical this week. The $NYSI and the $NASI usually track similarly. Which one will be right? Here is the chart... Read More 

ChartWatchers

U.S. Dollar is Testing Important Support Line

by John Murphy

The dollar has been weakening since the start of the year, and is now in the process of testing some important chart support. The weekly bars in the chart below show the U.S. Dollar Index ($USD) testing a support line drawn under 2012-2013 lows... Read More 

ChartWatchers

Watching the Wedges in Finance and Technology

by Arthur Hill

The Technology SPDR (XLK) and the Finance SPDR (XLF) remain in uptrends overall, but Friday's intraday reversal could signal a near term peak and result in a bearish wedge. The first chart shows XLK hitting a new high in early April and then declining below 35... Read More