ChartWatchers

February 2015

ChartWatchers

Too Much Information Running Through My Brain

by Chip Anderson

Hello Fellow ChartWatchers! The markets all moved higher this week with the Dow setting a new all-time high on Friday and the Nasdaq moving to within spitting distance of 5000. Since the start of 2015, the Nasdaq has been on a tear, gaining over 4.6%... Read More 

ChartWatchers

Nasdaq Nears Test of 2000 High

by John Murphy

The monthly bars in the chart below shows the Nasdaq Composite ending the week just 177 points (3.5%) from its March 2000 intra-day high at 5132. [It's only 93 points (1.9%) from its 2000 closing high at 5048]... Read More 

ChartWatchers

Defensive Stocks Lagging Although One Group Poised For Rebound

by Tom Bowley

We've seen a very nice rally in U.S. equities during February, erasing all of January's losses with most of our major indices now breaking out to all-time highs... Read More 

ChartWatchers

Ebay (EBAY) Wears Out The Buyers And The Sellers At This Auction

by Greg Schnell

There is a relatively new song "Its all about the base" that jingles in my head every time I see these big broad trading ranges set up. Ebay is destined to be a classic technical analysis story when it breaks out from this consolidation... Read More 

ChartWatchers

Adding a Systematic Touch with P&F Charts

by Arthur Hill

Chartists looking to filter small price movements and add a systematic touch to their analysis can turn to Point & Figure charts. Chart 1 shows a 60-minute P&F chart for the **S&P 500** and each box is five points... Read More 

ChartWatchers

Utilities Sector Failing

by Erin Swenlin

On Friday's DecisionPoint Alert Report, the Utilities SPDR (XLU) went on a Neutral signal. It's sister, the equal-weight Rydex version (RYU) remains on a BUY signal. It appears that it will flip next week to a Neutral signal as well... Read More 

ChartWatchers

London Calling, Part Deux

by Chip Anderson

Hello Fellow ChartWatchers! Friday's jobs report threw things for a bit of a loop as the markets all moved lower on the final day of the week. But all-in-all it was a positive week for every major average with the DJIA leading the way up over 3.8%... Read More 

ChartWatchers

The Sectors Had Major Trend Changes This Week

by Greg Schnell

The Utility sector has had major changes in the relative performance this week. It wasn't just Friday as there appears to be another major event that changed the focus. First of all, let me describe the chart... Read More 

ChartWatchers

Strong Jobs Report Push Rates Higher

by John Murphy

A strong jobs report on Friday pushed interest rates sharply higher all across the yield curve. The daily bars in Chart 1 show the 10-Year Treasury Note yield jumping to the highest close in a month. [Bond prices fell sharply as a result]. Short-term rates jumped even more... Read More 

ChartWatchers

Consumer Discretionary Stocks Fuel Rally

by Tom Bowley

There's been much said and written about rapidly-declining crude oil prices ($WTIC). But one thing makes perfect sense to me. When American consumers save TONS of money when filling up at the pump, they tend to spend it elsewhere... Read More 

ChartWatchers

Three Relative Performance Indicators Turn Up for XLB

by Arthur Hill

The Materials SPDR (XLB) sprang to life on the price chart and three relative strength indicators broke out. On the price chart, XLB surged in October-November and then consolidated in December-January with a big triangle... Read More