ChartWatchers

February 2017

ChartWatchers

75 Point Boxes On The $SPX

by Greg Schnell

The $SPX has had a nice ladder effect going on recently. Much like the origins of technical analysis found in the early days, the market tends to move forward in ranges. These areas have been quite obvious recently... Read More 

ChartWatchers

Swenlin Trading Oscillators Very Bearish

by Erin Swenlin

The market has been experiencing an almost vertical rally over the past few weeks, but it has cooled over the past two days. The steep rising trend pushed our short-term Swenlin Trading Oscillators (STOs) into highly overbought territory... Read More 

ChartWatchers

Retail Stocks Remain Very Attractive And Here Are A Few To Consider

by Tom Bowley

About a month ago, I wrote a ChartWatchers article detailing the bullish historical tendencies of retailers during the months of February, March and April. In particular, apparel retailers ($DJUSRA) have shown tremendous bullishness during the months of February, March and April... Read More 

ChartWatchers

Healthcare SPDR Turns Up, Biotechs and Pharmaceutical ETFS Show Improvement

by John Murphy

In case you haven't noticed, the Health Care SPDR (XLV) has taken a bullish turn. Chart 1 shows the XLV breaking out of a bullish "ascending triangle" that I described in my February 4 message. At the same time, the XLV/SPX ratio (top of chart) appears to be bottoming... Read More 

ChartWatchers

Trading Stocks in a Stretched Market

by John Hopkins

I made my case to EarningsBeats members this past Wednesday just before we started to see a bit of selling. Here are the highlights: 1-The VIX is up by almost 9% today as it tests its 50 day moving average from the downside even though the market is higher... Read More 

ChartWatchers

Rethinking Support and Resistance for Indexes and ETFs

by Arthur Hill

Just like potato salad in the fridge, support and resistance levels for the S&P 500 have a shelf life and become stale over time. The value of the S&P 500 is based on the price of its individual component stocks... Read More 

ChartWatchers

Using Support, Resistance And Trendlines To Better Your Trading

by Tom Bowley

Exercising patience and discipline to enter trades at appropriate reward vs. risk levels is obviously very important to any trader's success, but planning trades before they set up is just as important. Let me give you a few examples... Read More 

ChartWatchers

Dow and S&P 500 End Week On a Strong Note

by John Murphy

What started off as a soft week for stocks ended on a strong note. Friday's gain was enough to keep stock indexes basically flat for the entire week. But there was some improvement on the charts. The daily bars in Chart 1 show the Dow Industrials jumping 186 points (0... Read More 

ChartWatchers

New Highs Expand in the Healthcare Sector

by Arthur Hill

New highs are a sign of underlying strength and chartists can measure this indicator using High-Low Percent. In particular, I like to rank the nine sectors by High-Low Percent or a moving average of High-Low Percent... Read More 

ChartWatchers

Stocks Relative to Their 52-Week High-Low - SPX v. NDX

by Erin Swenlin

Today during my DecisionPoint Report webinar, I pulled the intermediate-term indicator chart of SPX Stocks Relative to Their 52-Week Hi-Lo to show my viewers the divergences that are all over this chart... Read More 

ChartWatchers

BioTechs Are In The Starters Blocks. Will The Run Start Soon?

by Greg Schnell

The Biotech arena has been a "House Of Pain" for investors while the companies continue to deliver all sorts of pain remedies to people worldwide. But the pattern shaping up on the Biotech ETF's suggests they are one to watch closely... Read More 

ChartWatchers

No Chasing Allowed

by John Hopkins

At EarningsBeats we are steadfast in avoiding being involved in stocks into a company's earning's report because one can never tell how the market will respond to a company's numbers. Case in point is Amazon who reported their numbers last week... Read More