ChartWatchers

March 2019

ChartWatchers

The Federal Reserve Deja Vu

by Greg Schnell

As always, next week's Fed meeting will be closely watched, with chartists in particular watching it uniquely. On the chart below, the blue lines represent Federal Reserve meeting dates. Friday marked a test of the 2823 level on the $SPX... Read More 

ChartWatchers

Could The S&P 500 Fall 2.6% Every Year For 16 Straight Years?

by Tom Bowley

In a sense, it already has. Well, maybe not 16 straight years, but play along. I've done a lot of historical stock market research over the years and several patterns really stand out. But one in particular always keeps me on edge as a short-term trader... Read More 

ChartWatchers

Real Estate Now Leading On Asset Class- And Sector RRGs

by Julius de Kempenaer

This Relative Rotation Graph shows the rotation for asset classes over the past 9 weeks. The main observation is that fixed income related asset classes are all inside weakening and heading, rapidly, towards lagging. SPY (stocks) is close to returning into the leading quadrant... Read More 

ChartWatchers

Party Like it's 1999

by Arthur Hill

Anyone recognize these two phones? A good old indestructible Nokia candy bar was the first phone for many of us. I had a few Nokia cellphones over the years and they always worked great, back in the day... Read More 

ChartWatchers

Tech-Dominated Nasdaq Leads Market Higher -- The Nasdaq and S&P 500 are Clearing Their November Highs

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, March 15th at 2:58pm ET... Read More 

ChartWatchers

Unofficially a Bull -- PMO BUY Signals Appear on OEX and NDX

by Erin Swenlin

I have a chart at the bottom of this article that will explain my moving out of the bear market camp. Yes, it is delayed, but, as I explained before the December crash, I'd rather miss a bottom and rally than be hanging on for dear life during a quick and painful decline... Read More 

ChartWatchers

The Strong Continue to Thrive

by John Hopkins

The S&P is pretty much at the same level it was back in October of last year. However, it still remains well below its all-time high of 2939, which was also achieved in October of last year... Read More 

ChartWatchers

China Dominates The February Big Movers

by Greg Schnell

As we look at the strongest ETFs for February, you'll notice how Chinese-related ETFs have soared of late, as shown in the list below. Commodity-related ETFs also did very well, as did the technology-related industry groups... Read More 

ChartWatchers

The Gold Rush Is Likely Over

by Tom Bowley

Gold ($GOLD) performs its best in a falling U.S. Dollar ($USD) environment. There is a solid inverse relationship between the direction of GOLD and the direction of the USD that has existed for decades... Read More 

ChartWatchers

Materials (XLB) Are Failing To Break Resistance And Lose Relative Strength

by Julius de Kempenaer

The Materials sector, XLB, is testing overhead resistance around $56. This is the level where lows have been formed in 2017 and 2018 as well as two important highs at the end of 2018... Read More 

ChartWatchers

S&P 500 Clears the 200-day. Should we Take the Bait?

by Arthur Hill

We are all well aware of the S&P 500 and the 200-day moving average, but how well does this moving average work for broad market timing? Pretty well, it turns out, but only on the long side... Read More 

ChartWatchers

Major Stock Indexes Continue to Test Overhead Resistance Near Their November Highs

by John Murphy

Editor's Note: This article was originally published in John Murphy's Market Message on Friday, March 1st at 11:55am ET... Read More 

ChartWatchers

Mid- and Small-Cap Relative Performance Matters! Don't Miss These Crossovers!

by Erin Swenlin

While comparing the relative performance of the OEX, IJH and IWM to the SPX, I found an attention flag. The market is very overbought, with momentum indicators rolling over in overbought territory. The same thing goes for all the sectors... Read More 

ChartWatchers

A Treasure Chest Awaits You

by John Hopkins

SO MANY stocks that recently reported earnings beat expectations and gapped up sharply on very strong volume after their results were released. Those stocks include OLED, TTD, W and PANW, among others... Read More