ChartWatchers

November 2017

ChartWatchers

High Yield Bond ETF is Bouncing Sharply Off Support, Telecom Weakest Sector

by John Murphy

The recent selloff in high yield junk bonds has attracted a lot of attention in the financial media. My Tuesday message showed the iBoxx High Yield Corporate Bond iShares (HYG) headed down for a test of chart support at its August low and its 200-day moving average... Read More 

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Focusing on Solid Earnings can Boost your Risk Adjusted Returns

by John Hopkins

One by-product of focusing on stocks that beat earnings handily is the opportunity to boost overall returns... Read More 

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Here Are Five S&P 500 Stocks Poised To Rise Through December

by Tom Bowley

I'm a big historian and a fan of the "history repeats itself" theory. But I'm a bigger fan of technical analysis where price action simply doesn't lie. You can listen to all the CNBC "hype" if you'd like, where their "experts" provide their favorite picks... Read More 

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What Does a Flat Yield Curve Look Like Anyway?

by Arthur Hill

I hear talk that the yield curve is flattening and that this is a problem for the stock market. While it is true that the spread between the 10-yr T-Yield ($UST10Y) and 2-yr T-Yield ($UST2Y) is the lowest since 2007, the yield curve itself is by no means flat... Read More 

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Currencies Are At An Important Inflection Point

by Greg Schnell

The Yen ($XJY), the Euro ($XEU) and the US Dollar ($USD) are all at important inflection points this week. Stay tuned as this could really decide the direction of Gold, Silver and other commodities this week... Read More 

ChartWatchers

Sentiment Is Almost Bearish Enough

by Erin Swenlin

Sentiment charts haven't been all that enlightening with mostly neutral readings. However, we are reaching bearish levels that generally result in a rally. Here's my interpretation of the latest sentiment from the put/call ratios, AAII, NAAIM and Rydex Ratio... Read More 

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Which Global Markets Have The Biggest Influence On The U.S. Market And Why?

by Tom Bowley

When considering this question, I believe the correlation indicator tells us most of what we need to know. After all, we're pondering which global market movements tend to be reflected in similar movements in the U.S. market. For purposes of the U.S... Read More 

ChartWatchers

Uptrends: What to Ignore and What to Watch?

by Arthur Hill

An uptrend means prices are advancing and higher highs are the order of the day. We do not know how long a trend will persist, but there is clear evidence that trends persist. Just look at the S&P 500 since early 2016 for a recent example... Read More 

ChartWatchers

Crude Oil is Trading Over $55 For First Time in Two Years

by John Murphy

My Wednesday message showed Brent Crude Oil trading over $60 for the first time in more than two years. Brent is trading over $62 today. It also showed West Texas Intermediate Crude Oil (WTIC) trying to break through overhead resistance at $55... Read More 

ChartWatchers

Energy Surges To New Two Year Highs

by Greg Schnell

The price of oil closed above all the weekly closing highs for the last two years to kick off November. West Texas climbed on Friday above all the intraday highs and all the daily closes to put an exclamation mark on the breakout... Read More 

ChartWatchers

New BUY Signals on DP Scoreboards for NDX and OEX - LTTM BUY Signal for USO

by Erin Swenlin

I've been expecting a new PMO BUY signal on both the SPX and the OEX. The OEX managed to wrangle the PMO above its signal line, but the SPX is struggling to garner its PMO BUY signal... Read More 

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Earnings Opportunities - No Chasing Allowed

by John Hopkins

Earnings Season is winding down. So far it's been quite positive. How do I know? Just look at the overall market. We certainly saw strong earnings from the tech giants including Amazon, Apple, Facebook and Google... Read More