ChartWatchers

April 2020

ChartWatchers

The Stock Market's Great Divide: Are You Positioned On The Right Side?

by Mary Ellen McGonagle

The broader markets continue to climb a wall of worry with an impressive bear market rally that's been able to shrug off a barrage of negative news... Read More 

ChartWatchers

Trendline Violations Suggest The Rally Is Losing Momentum

by Martin Pring

Editor's Note: This is an updated version of an article originally posted on Martin Pring's Market Roundup on April 21, 2020. In recent articles, I have pointed out that quite a few of the short-term indicators reached well beyond their normal oversold readings at the March lows... Read More 

ChartWatchers

Consumer Sectors Threaten Bullish Breakout

by David Keller

One of the ways I like to measure offensive vs. defensive pressure in the equity market is using the ratio of Consumer Discretionary to Consumer Staples... Read More 

ChartWatchers

Zooming In On A GREAT Investment....or 5....or 20!

by Tom Bowley

Zoom Video Communications, Inc. (ZM) broke out technically just before the start of the NFL Draft and continued its stealth move higher on Friday - that is, until Facebook (FB) announced that they wanted to join the video meeting party. ZM traded as high as 181... Read More 

ChartWatchers

Asset Class Rotation on RRGs Sends Clear RISK-OFF Message

by Julius de Kempenaer

In the latest episode of my StockCharts TV series Sector Spotlight, I took an in-depth look at the relative rotation of asset classes vs. VBINX, the Vanguard Balanced Index fund, which represents a 60/40 stocks/bond portfolio... Read More 

ChartWatchers

Is Gold Precious or Precarious?

by Greg Schnell

One of the more interesting phenomena this week is the separation of investors across broad areas of the market. The bulls are firmly in the bull camp, with no retest of the lows expected. The bears are firmly in the bear camp and expect the market to fall... Read More 

ChartWatchers

Is Technology the New Defensive Sector?

by Erin Swenlin

While co-hosting the WealthWise Women show with me yesterday, Mary Ellen McGonagle said something that got my attention and filled me with intrigue... Read More 

ChartWatchers

A Rising Gold Market Says It May Soon Be Time to Cover Those Commodity Shorts

by Martin Pring

History tells us that, at major turning points for commodities, there is a strong, albeit imprecise, tendency for the gold price to have preceded that reversal. Gold generally leads because a rising price anticipates inflation, while a falling one anticipates deflation... Read More 

ChartWatchers

Step Into The Heart Of Finance In "The Big Board" - An Exclusive, Behind-The-Scenes Tour Of The NYSE Trading Floor

by Grayson Roze

Hello Fellow ChartWatchers! This week, it's story time... Read More 

ChartWatchers

Are You "Fed-Up" Yet? If Not, You Should Be

by John Hopkins

Some promising news on a drug from Gilead Sciences (GILD) to help those with the coronavirus came out on Thursday after the market closed, which resulted in a big move in futures and a solid end to the week as traders got excited about the prospects of making progress on the pand... Read More 

ChartWatchers

A Few Get Back to Positive, but Many Remain Beaten Down

by Arthur Hill

With a surge over the last 18 days, the S&P 500 reclaimed the 50-day moving average for the first time since February 21st. The move is truly remarkable, but the index remains well below the falling 200-day SMA. Moreover, a 28... Read More 

ChartWatchers

This Is How I Created My All-Star Trading ChartList

by Tom Bowley

Let me give you an update as to how the SPY (ETF that tracks the S&P 500) and QQQ (ETF that tracks the NASDAQ 100) have performed since the top on February 19th, broken down by opening gaps (net) and intraday price action: SPY: Closing price, 2/19/20: 336... Read More 

ChartWatchers

Tesla's On The Move Again – Along With 2 Other Automakers Poised To Race Off

by Mary Ellen McGonagle

The COVID-19 pandemic has hurt the auto industry tremendously as consumer demand for vehicles has collapsed in the face of enforced lockdowns in China, Europe and now the United States... Read More 

ChartWatchers

Weekly and Monthly Charts Show Improvement

by John Murphy

Stock prices are trading higher again today following a Fed injection of $2.3 trillion dollars into the economy. The question is how far can the rally carry, and are there still risks on the downside... Read More 

ChartWatchers

Seven Bear Market Mistakes and How to Avoid Them

by David Keller

As a technical analyst who started my career just after the market top in March 2000, I've had the pleasure (I guess?) of living through a number of previous bear market cycles... Read More 

ChartWatchers

Key Charts From Our Top Contributors, Straight To Your Account: Our "Navigating a Bear Market" ChartPack Is Now Available

by Grayson Roze

This week was a first for us, but it marks the start of something big – a unique integration between the content you follow from our team of market experts and the charts that you use in your own StockCharts account. Allow me to explain... Read More 

ChartWatchers

Using Relative Rotation Graphs as a Selection or Evaluation Tool for Mutual Funds

by Julius de Kempenaer

Last week on Wednesday (4/8) I wrote an article in the RRG blog on how you can use ChartLists, in combination with Relative Rotation Graphs to monitor your mutual fund portfolio... Read More 

ChartWatchers

Major Stock Indexes are Trying to Stabilize

by John Murphy

Major U.S. stock indexes continue to probe for a short-term bottom. The daily bars in Chart 1 show the S&P 500 regaining some lost ground over the last two weeks after falling to the lowest level in three years. But there's still a lot of overhead resistance to deal with... Read More 

ChartWatchers

Bubblin' Crude

by Greg Schnell

It has been a wild ride for those on the crude oil train this week. It's never good when your stocks are riding pandemic viruses, tweet storms, kingdoms, autocratic leaders and democracies trying to impose volume limits... Read More 

ChartWatchers

Get Ready to be Shocked - To the Upside

by John Hopkins

If there ever was a time to be worried about where the market could be headed, this is it. We've seen the weekly jobless claims go from a boring week-to-week reading of just over 200,000 all the way to now 6 million over the course of a month... Read More 

ChartWatchers

DecisionPoint Short-Term Indicators Are Nailing It!

by Erin Swenlin

Today's ChartWatchers article is an updated excerpt from the DecisionPoint Alert Report for subscribers: I pointed out to my subscribers on Thursday that, with all of the volatility, our short-term indicators seem to be more on point than usual... Read More 

ChartWatchers

Elevators, Oversold Bounces and Long Recoveries

by Arthur Hill

The S&P 500 went from a historic decline to a historic bounce to an above average drop. This key benchmark fell 33.9% in 23 days, surged 17.55% in three days and then dropped 5.25% the last four days... Read More