ChartWatchers November 15, 2014 at 07:09 PM
Hello Fellow ChartWatchers! I'm going to start with four important announcements and then we'll get into some sector-oriented market analysis: We now have the video of our ChartCon conference from back in August available in our bookstore... Read More
ChartWatchers November 15, 2014 at 05:09 PM
Chart 1 shows Wal Mart surging 4% today to break out to a record high. That's a pleasant change for the world's largest retailer which has hardly been a market leaders... Read More
ChartWatchers November 15, 2014 at 04:28 PM
If ever the bulls needed to see some stellar earnings results and/or positive forward guidance, it was about one month ago. From the late September high of 2019 to the mid-October low of 1821, the S&P 500 fell nearly 10% just as earnings season kicked off... Read More
ChartWatchers November 15, 2014 at 12:12 PM
Consumer Discretionary (XLY) is also referred to as Consumer Cyclicals (XLY) . This is the sector we would like to see break out to new highs. This week it did. Who could be not be bullish? Every thing I see on the chart looks so good... Read More
ChartWatchers November 15, 2014 at 08:48 AM
The stock market is in a clear uptrend, but is short-term overbought after a big run the last four weeks... Read More
ChartWatchers November 15, 2014 at 03:41 AM
Forgive me! I couldn't resist that cheesy headline stolen from the Quiet Riot album title. The headline is true, metals had a healthy day, as did other natural resource ETFs... Read More
ChartWatchers November 01, 2014 at 05:30 PM
Japanese authorities surprised everyone on Friday by increasing their already aggressive bond purchases (QE) by a third. In addition, it will expand those purchases to include stocks and real estate investments... Read More
ChartWatchers November 01, 2014 at 05:27 PM
First, let me say Happy Halloween to all! It's an exciting time for many, but especially the children. I know our neighborhood is always buzzing with kids anticipating the sugarfest! :-) Unfortunately, the stock market bears were SPOOKED on Halloween this year... Read More
ChartWatchers November 01, 2014 at 12:26 PM
The continued desire of central banks to stimulate the economy seems to be onto its next round... Read More
ChartWatchers November 01, 2014 at 03:44 AM
Not every index and not every sector recorded a new high this week, but several key indexes recorded new highs and the majority of sectors hit new highs. This shows broad market strength that validates the long-term uptrend in stocks... Read More
