ChartWatchers

November 2014

ChartWatchers

Stalking the Elusive Holiday Consumer with Technical Analysis

by Chip Anderson

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

Wal-Mart Jumps to Record High, Retail ETFs Have Benefited From Plunge in Crude Oil

by John Murphy

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

Earnings Season Delivers

by Tom Bowley

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

After Saying Good Buy, Is The Consumer Cyclicals (XLY) Saying Good Bye?

by Greg Schnell

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

Stock Indices may be Overbought, But They are by No Means Weak

by Arthur Hill

The stock market is in a clear uptrend, but is short-term overbought after a big run the last four weeks... Read More 

ChartWatchers

Metal Health

by Erin Swenlin

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

Japan Announces Big Jump in Asset Buying

by John Murphy

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

Is The Latest Breakout A Trick or Treat?

by Tom Bowley

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

Japanese Stimulus Delivers A Sweet New High To US Markets

by Greg Schnell

The continued desire of central banks to stimulate the economy seems to be onto its next round... Read More 

ChartWatchers

Array of New Highs Reflects Broad Market Strength

by Arthur Hill

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