ChartWatchers

March 2018

ChartWatchers

Dow Industrials May Be Forming a Triangle of Their Own

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Thursday, March 15th at 12:34pm ET The two converging trendlines in the chart below show the Dow Industrials forming a potential "symmetrical triangle" (which has one trendline falling and the... Read More 

ChartWatchers

Regional Banks Fill The New Highs Page

by Greg Schnell

Regional Banks had a great week. Lots of them are testing big breakout levels and making new highs. Some examples are: Brookline Bancorp: In the small cap SCTR ranking. Independent Bank Corp (IBCP) is starting to move. It is also increasing the dividend consistently... Read More 

ChartWatchers

Here Are Two Seasonal Winners In The NASDAQ 100 For April And May

by Tom Bowley

The NASDAQ Composite and NASDAQ 100 became the first two key indices to break to fresh all-time highs and their 2018 relative strength can be underscored by this chart: The NASDAQ 100 is seeing money rotate its way in 2018 so it's prudent to focus on this index for specific tradi... Read More 

ChartWatchers

Dow Industrials Coils Up as Breakout Nears

by Arthur Hill

The Dow Industrials is in the midst of a narrowing consolidation and chartists should watch the March range for the next directional clue. The 2018 range extends from the January high (26,617) to the February low (23,360), which is 3257 points or around 13% of the current close... Read More 

ChartWatchers

No Need to Rush into a Trade

by John Hopkins

If there's one thing I've learned over my many years trading in the market, it's to avoid chasing a stock, especially if it's overbought. This might seem like an obvious strategy but many traders are drawn to those stocks that are ascending which I can understand... Read More 

ChartWatchers

Why Is Volume Important?

by Erin Swenlin

On Friday's MarketWatchers LIVE program, I did a workshop on volume. Highly recommend you check it out on the StockCharts YouTube Channel or it is available under the webinars tab until Monday's show begins... Read More 

ChartWatchers

Stocks Remain On The Defensive

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, March 2nd at 12:26pm ET Wednesday's message showed the PowerShares QQQ (representing the Nasdaq 100 Index) pulling back from overhead resistance at its late January peak... Read More 

ChartWatchers

Bearish Bias - Weekly PMOs Log New SELL Signals on DP Scoreboards

by Erin Swenlin

I did a review of the monthly charts Wednesday and noticed a bearish bias. Today three new Intermediate-Term Price Momentum Oscillator (PMO) SELL signals arrived. The weekly PMOs crossed below their signal lines which triggered these signals... Read More 

ChartWatchers

How Long Do Corrections Last Usually?

by Greg Schnell

After a massive run in 2017, the market has paused to absorb all the news of the tax package. I am reminded of other instances where the market sold off on good news, surprising retail investors... Read More 

ChartWatchers

Is A Bear Market Underway? No And Here's My Argument

by Tom Bowley

THE Question Is this a correction within a bull market or is it the beginning of a bear market? That is THE question that everyone is debating and hoping to answer correctly. There's no crystal ball to know for sure the correct answer... Read More 

ChartWatchers

Applying Dow Theory to the Top Sectors for Broad Market Analysis

by Arthur Hill

The principle of confirmation is important to the application of Dow Theory. This principle asserts that the Averages, Dow Industrials and Dow Transports, should confirm each other when making new highs. In other words, both should make new highs to affirm the broad market trend... Read More 

ChartWatchers

The Dark Side of Earnings

by John Hopkins

Most analysts would agree that overall, 2017 Q4 earnings were superb. For quite a while we saw one company after another beat earnings expectations and they were rewarded for those results as well... Read More