ChartWatchers

October 2016

ChartWatchers

Stock Bounce Fades as Yields and the Dollar Keep Climbing

by John Murphy

A morning bounce in stocks faded by the end of the day. Chart 1 shows the S&P 500 ending the day at its low. That keeps stocks in a short-term downside correction and well below a falling 50-day average (blue arrow)... Read More 

ChartWatchers

Looking Ahead To Potential November Strength

by Tom Bowley

We've entered a very strong historical part of the year for our major indices and most sectors and industry groups. Today, I want to focus on one of the best of the best, the Dow Jones U.S. Steel Index ($DJUSST)... Read More 

ChartWatchers

Broad Market is Seriously Mixed, but Breakouts are Holding

by Arthur Hill

The broader market is incredibly mixed over the last three months. Even though performance divergences reflect a divided market, the major index ETFs are holding above their June highs and I view this as a correction within an uptrend... Read More 

ChartWatchers

Bonds Are Breaking Meaningful Trend Lines

by Greg Schnell

The 30-Year Bond ($USB) broke down through a long term uptrend this month but the bigger picture shows something else. There is still a major uptrend channel. However, we appear to be on a big countertrend move starting now... Read More 

ChartWatchers

Holding Stocks into Earnings can be Costly

by John Hopkins

We're now in the thick of Q3 earnings season when thousands of companies will report their numbers over the next several weeks... Read More 

ChartWatchers

March Intermediate-Term BUY Signals Abort

by Erin Swenlin

The DecisionPoint Scoreboards had significant changes this week. Note the difference between last Friday's DP Scoreboard and today's. Scoreboards went from very bullish to very bearish in one week... Read More 

ChartWatchers

Transports Are on the Verge of Bullish Breakout -- Rails Have Already Turned Up

by John Murphy

Once again, transportation stocks appear to be on the verge of a bullish breakout. Chart 1 shows Transportation Average iShares (IYT) on the verge of breaking through their April/September highs. Their relative strength ratio (top of chart) also appears to have bottomed... Read More 

ChartWatchers

Tis the Season - Earnings Season

by John Hopkins

The third quarter has come to an end. It ended on a high note with the S&P gaining 3.3% from the June 30 close to Friday's close. Interestingly, the S&P got to 2168 two weeks into the third quarter which is exactly where it ended on Friday... Read More 

ChartWatchers

Technology Stocks Produce Huge Third Quarter; 3 Stocks To Watch

by Tom Bowley

Technology stocks (XLK) produced gains of more than 10% in the third quarter of 2016, more than double that of any other sector. Industrials (XLI) were the second best group, posting a quarterly gain of 4.80%... Read More 

ChartWatchers

Passing the Torch

by Chip Anderson

Hello Fellow ChartWatchers! Well, after 18 years of writing these newsletters - and doing webinars and hosting conferences and writing educational articles - I am reliquishing those duties to others so that I can focus (re-focus?) on my real passion - making the technology behind... Read More 

ChartWatchers

Pipeline Stocks Make New Highs On LNG Approvals

by Greg Schnell

While the world continues to debate the path of every pipeline, investors are not debating the path of the pipeline companies. Three of the larger pipeline companies are in focus this week as another LNG project on the west coast was approved in Canada... Read More 

ChartWatchers

Bull Flags Take Shape in Bank SPDRs

by Arthur Hill

Deutsche Bank dominated the news late in the week, but US banks have been largely unaffected and bullish flags are taking shape in two bank-related ETFs. The charts below show the Bank SPDR (KBE) and the Regional Bank SPDR (KRE) in long-term uptrends... Read More 

ChartWatchers

New Long-Term PMO BUY Signal for $TSX

by Erin Swenlin

Hopefully I won't be stepping on Greg Schnell's Canadian toes, but as I was going through charts from last Wednesday's webinar, I saw that $TSX just had a new LONG-TERM Price Momentum Oscillator (PMO) BUY Signal... Read More