ChartWatchers

January 2019

ChartWatchers

3 Stocks Awaiting A Possible Earnings Explosion

by Tom Bowley

Analysts meet with the management teams of companies and then return to their firms and either buy or sell based on the information they gather. It's the primary reason why technical price action precedes fundamental information... Read More 

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New Pre-Defined Groups And A Look At FAANG Stocks On Relative Rotation Graphs

by Julius de Kempenaer

If you are a regular user of Relative Rotation Graphs you are probably aware of the pre-defined groups (universes) that you can choose from when you open the drop-down box at the top op the chart... Read More 

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Separating the Contenders from the Pretenders

by Arthur Hill

The S&P 500 is in the midst of a big run that lifted most boats, especially financial stocks. Even though these stocks are leading with the biggest gains over the last three weeks, most big financials are still in downtrends overall and below their 200-day SMAs... Read More 

ChartWatchers

January Stock Rebound Continues

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, January 18th at 11:01am ET. All major U.S. stock indexes have exceeded their 50-day averages (blue lines). That still leaves their 200-day averages to contain the rally... Read More 

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Railroads Are Rolling

by Greg Schnell

Railroads are back in an uptrend after the fourth-quarter correction. I like to keep track of the railroads and their relative strength compared to the $SPX. Most recently, the relative strength panel pulled down to the trend line and bounced off again; a nice bullish setup... Read More 

ChartWatchers

Earnings Season Kicks into High Gear - Be Prepared to Profit

by John Hopkins

Earnings season began in earnest last week, with major financial companies being rewarded and helping to lead the market higher... Read More 

ChartWatchers

Utilities Sector (XLU) Lights Up a New PMO BUY Signal

by Erin Swenlin

Sector rotation continues to favor the defensive sectors of Health Care, Consumer Staples, Real Estate and Utilities. Some of the more aggressive sectors are perking up now, with Financials actually making the biggest gain of the past month... Read More 

ChartWatchers

2019 Stock Market Forecast And My Report Card For 2018 Forecast

by Tom Bowley

Before I look ahead to what we might expect in 2019, let me rewind for a bit and check out last year's forecast. Here's a recap, summarizing a few of my "expectations". I've graded my predictions with a slight curve. Feel free to agree or disagree... Read More 

ChartWatchers

Wringing In The New Year

by Greg Schnell

With a wretched finish for the fourth quarter of 2018, I found many colleagues and friends weren't so much ringing in the new year as they were wringing it in... Read More 

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EARNINGS: S&P 500 P/E Overvalued, But Back In Normal Range

by Carl Swenlin

S&P 500 earnings for 2018 Q3 have been finalized. The following chart shows us the normal value range of the S&P 500 Index... Read More 

ChartWatchers

Understanding and Adapting to the Broad Market Environment

by Arthur Hill

The broad market environment is perhaps the single most important factor to consider when selecting a trading or investing strategy for stocks. As with the weather, the broad market environment is subject to change and we need to adapt to current conditions... Read More 

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Use Relative Rotation Graphs To Get A Handle On International Markets

by Julius de Kempenaer

With the US stock market declining investors (may) need to look for alternatives in order to preserve capital. Sure enough, there are good opportunities in the US with bonds, IEF is doing very well, and cash is a very viable alternative if you do not "need" to be invested... Read More 

ChartWatchers

Earning Misses - Profiting from Weakness

by John Hopkins

Most of you who read my blog know the name of our service is EarningsBeats.com. The name makes sense since, for many years during the bull market, we've zeroed in on those companies that beat earnings expectations that could be prime long candidates... Read More 

ChartWatchers

Apple Plunges on Sales Warning

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Thursday, January 3rd at 1:59pm ET. The price of Apple is plunging today after issuing a sales warning for the first quarter. The stock was already in trouble before that announcement... Read More