ChartWatchers

March 2016

ChartWatchers

A Set up for Shorts?

by John Hopkins

The market has been pretty much straight up since the February 11 bottom of 1810. Since that day the S&P has climbed 13%. That's a very impressive move by any measurement. In fact, I would argue that it has been too much too quick... Read More 

ChartWatchers

NYSE Percent Above 200MA Turns Up, AD Line Breaks Out

by John Murphy

NYSE PERCENT OF STOCKS ABOVE 200-DAY MOVING AVERAGE TURNS UP..... Read More 

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Hitting It Like A Hammer On A Nail!

by Greg Schnell

Industry breadth is usually helpful in finding a new breakout trend. What we mean by that is the number of stocks within an industry group that are breaking out together... Read More 

ChartWatchers

Healthcare Sector Not so Healthy

by Erin Swenlin

All of the sectors on the DecisionPoint Market Sector Summary are green with Intermediate-Term Trend Model BUY signals...except for Healthcare. As you can see from the excerpt of the report below, the current Neutral signal has been in effect for over two months... Read More 

ChartWatchers

Medical Supplies Group Bounces At Key Moving Average Support

by Tom Bowley

Healthcare (XLV) has been the weakest sector over the past one and three month periods, but you'd never know it from looking at the Dow Jones U.S. Medical Supplies Index ($DJUSMS). The DJUSMS has gained over 8% during the past three months while the Dow Jones U.S... Read More 

ChartWatchers

There's No Such Thing as "Overbought"

by Chip Anderson

Hello Fellow ChartWatchers! Well, I don't know about you, but I'm impressed. Last week, the current rally moved higher and gained more momentum... Read More 

ChartWatchers

New Highs Surge on NYSE, but Lag on Nasdaq

by Arthur Hill

Two weeks ago I featured the NYSE McClellan Oscillator ($NYMO) and the Nasdaq McClellan Oscillator ($NAMO) as they surged to their highest levels in years. These breadth indicators are very broad and represent virtually all stocks traded in the US... Read More 

ChartWatchers

Up Next: A Stock Market Showdown!

by Chip Anderson

Hello Fellow ChartWatchers! After an unexpectedly quick rise in stock prices this week, the markets are poised for a showdown. It's too bad we can't have the stock market be more like an athletic event..... Read More 

ChartWatchers

NYSE Percent of Stocks Above 50-Day Average Nears November High

by John Murphy

A lot of attention is now being paid to stocks testing or exceeding their moving average lines. My February 20 message had a headline suggesting that the percent of NYSE stocks trading above their 50- and 200-day moving averages might be bottoming. Let's take another look... Read More 

ChartWatchers

It's as Easy to Get Burned Up as it is Down

by John Hopkins

If the market this year has taught us one thing it's that it's as easy losing money when the market is going up as when it is going down. Consider this. After the first trading day of the year was over, the S&P closed at 2012... Read More 

ChartWatchers

Is Now The Time To Short?

by Tom Bowley

Yes. Does that mean the stock market is guaranteed to roll over and play dead? Absolutely not. Trading success is not always dependent on being right, as crazy as that might sound. It's about planning your trades to minimize risk in the event your call is incorrect... Read More 

ChartWatchers

Gold Bugs ($HUI) Support Levels

by Erin Swenlin

I don't want to steal Carl's thunder as I happen to know he will be writing a follow-up article to his previous article on Gold. However, I did receive an email question to look at possible support levels on the Gold Bugs Index ($HUI)... Read More 

ChartWatchers

A Double-edged Sword for the McClellan Oscillators

by Arthur Hill

The McClellan Oscillators for the NYSE and Nasdaq surged over the last few weeks and hit multi-year highs. Medium-term, I would consider this breadth surge bullish. Short-term, however, it creates an overbought condition that could lead to a pullback or consolidation in stocks... Read More 

ChartWatchers

The Bear Market In Energy Reaches A Critical Decision Level

by Greg Schnell

This week did a lot to shake my resolve on the continuing bear market in the energy sector. Let's look at three charts and discuss why they are at critical levels... Read More