ChartWatchers

January 2020

ChartWatchers

The Shiny (and Bullish) Yellow Metal

by David Keller

With stock markets in rapid decline this week, mindful investors should be looking around for opportunities... Read More 

ChartWatchers

The Stock Market May Be Rattled by the Coronavirus, But Bond Yields Have a Battle of Their Own

by Martin Pring

The stock market was roughed up by the coronavirus earlier in the week, but, under the surface, another battle has been going on -- the one between inflation and deflation, that is, as both yields and commodity prices have run up against key support levels... Read More 

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Introducing "Symbol Summary" - A New Full Quote View with Technicals, Fundamentals, Earnings, Dividends, Corporate Info and More, All In One Place

by Grayson Roze

AMZN reported earnings yesterday. Wondering how I know that? You probably think it's because my Twitter feed was blowing up or some notification came across my screen after the close. But here's the real answer..... Read More 

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RRG Suggests Aggressive Trade Setup for XLY vs. XLV

by Julius de Kempenaer

The Relative Rotation Graph above shows the weekly rotation for US sectors against SPY (S&P 500). While the S&P 500 chart is deteriorating and seems to be going into a correction, there are two tails on the RRG that suggest an interesting trade setup... Read More 

ChartWatchers

Gold Miners on Fire!

by Erin Swenlin

Gold Miners have been on fire this week! Each Friday, I get a Weekly ChartList Report on the ETF Tracker ChartList that Carl and I have developed. If you would like it, you'll find it in the DP Trend and Condition ChartPack (free to Extra members and above!)... Read More 

ChartWatchers

Consumer Discretionary SPDR Pulled Lower by Travel and Entertainment Stocks

by John Murphy

Yesterday's message showed bond yields falling (and bond prices rising) in a flight to the safety of government bonds. And further suggested that fears of the Chinese virus spreading was most likely behind that more defensive tone... Read More 

ChartWatchers

In a Volatile Market, Focus on the Best of the Best

by John Hopkins

It's no secret that the market has reached frothy levels with virtually no relief since the beginning of October 2019. Thus, it makes sense that the VIX spiked on Friday, as it moved above all key technical intraday levels and many traders moved to the sidelines... Read More 

ChartWatchers

Commodities Euphoria Gets Hit by a Stun Gun

by Greg Schnell

One of the bigger themes this year has been the belief that a global pick-up in growth is underway. The USA/China tariff tennis slowed growth in commodities worldwide. The industrial metals index topped out in January 2018 as the tariffs roiled the markets... Read More 

ChartWatchers

A Moment of Truth for the Russell 2000 ETF

by Arthur Hill

The Russell 2000 ETF (IWM) broke out of a pennant formation last week and then fell sharply this week. This puts price back in the pennant and near its make or break level. Flags and pennants are short-term continuation patterns that form after a sharp move... Read More 

ChartWatchers

Are Small-Cap Stocks Ready for their Day in the Sun? 3 Stocks to Bank on if the Rally Continues

by Mary Ellen McGonagle

Last week, small-cap stocks were the highest performers, with the Russell 2000 gaining 2.5%... Read More 

ChartWatchers

The Masses are Growing Too Bullish; I Smell a Short-Term Top

by Tom Bowley

Calling tops in a secular bull market advance is not typically a wise thing to do, because it rarely works. But it's very difficult to ignore sentiment readings that border on the absurd... Read More 

ChartWatchers

Dollar Index Reaches a Crucial Technical Juncture Point

by Martin Pring

The Dollar Index has been rising in the last few sessions following its December decline, which has put it at a crucial technical juncture. Whichever way it breaks will have implications for commodities, gold and the relative performance of international equities to the US... Read More 

ChartWatchers

Healthy Prognosis for Health Care

by David Keller

While sectors like Technology of received much of the praise for leading the recent market upswing, the Health Care sector is comprised of a group of five industries that all have fairly attractive chart setups... Read More 

ChartWatchers

Brazil and Russia are Both Showing Promising Tails on Relative Rotation Graphs, But Russia Wins

by Julius de Kempenaer

In my last article for the RRG blog, I wrote about the process of how to get from an idea, whether based on RRG analysis or something else, to a position in your portfolio... Read More 

ChartWatchers

This Chart Suggests Rally Should Continue in the Very Short-Term

by Erin Swenlin

This is an excerpt from yesterday's DecisionPoint Alert [with updated comments & charts]. If you'd like to subscribe to DecisionPoint... Read More 

ChartWatchers

Get Ready - Earnings Season Ready to Kick into High Gear

by John Hopkins

Most of the talking heads on TV have gone out of their way to indicate that analysts have lowered their expectations for Q4 earnings... Read More 

ChartWatchers

Stocks Rally on Reduced Mideast Tensions

by John Murphy

After several tense days, some calm is being restored to global markets... Read More 

ChartWatchers

REIT SPDR Holds Key Moving Average as its Biggest Components Spring to Life

by Arthur Hill

Ten of the eleven sector SPDRs are positive over the last three months. The Real Estate SPDR (XLRE) is the only sector sporting a loss (~.75%), but I am not concerned with relative weakness because the price chart looks bullish overall... Read More 

ChartWatchers

Is Big Retail Cliff Diving?

by Greg Schnell

It has been a 10-year parade of improving jobs numbers; naturally, December was no different. There was lots of rhetoric about one level vs. the other, but overall it was hardly a worrisome report. Canada improved this month, but last month was the worst jobs report since 2009... Read More 

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Defense-Related Stocks Rise Sharply on Mideast Tensions – Here are 3 Stocks Poised to Trade Even Higher

by Mary Ellen McGonagle

Defense companies had a strong rally this week after a U.S. airstrike in Iraq killed a key Iranian military leader... Read More 

ChartWatchers

Gold Enters Extreme Overbought Zone

by David Keller

The final chart that I shared in my portion of the StockCharts 2020 Market Outlook (coming soon to our YouTube channel!) was a two-year chart of gold. After a pullback in the fall to Fibonacci support, gold appeared to be resuming its long-term uptrend... Read More 

ChartWatchers

Bull in a China Shop

by Martin Pring

Thursday's price action in China resulted in a powerful signal that Chinese equities are headed significantly higher. That should be bullish not only for China but for the world as a whole... Read More 

ChartWatchers

Finding the Top 15 S&P 500 Stocks for 2020

by Tom Bowley

Happy New Year and welcome to a brand new decade! A century later, I believe the stock market is about to repeat itself as I'm expecting another roaring 20's! And yes, that could lead to another rough 30's decade, but let's worry about that later. One step at a time here... Read More 

ChartWatchers

Will Disney Be the New Leader in Communication Services (XLC)?

by Julius de Kempenaer

XLC, the Communication Services Sector, is sending some mixed signals. On the price chart, XLC convincingly cleared resistance at $51 in November, when it pushed above the horizontal boundary that ran over the highs (four in total) of 2018 and 2019... Read More