ChartWatchers

June 2020

ChartWatchers

Banks, Fed and The Almighty 200

by Greg Schnell

On June 10th, the Federal Reserve held their meeting and the stock market struggled on the Thursday after that, down 5% on the day... Read More 

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Would You Be Happy to Beat the S&P by a Mile?

by John Hopkins

On Friday, April 3, I submitted my article for the ChartWatchers newsletter with the following headline: "Get Ready to be Shocked - To the Upside"... Read More 

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FAANG Stocks: Darlings and Duds

by Erin Swenlin

I decided to take a look at the FAANG stocks to see which ones are experiencing damage (duds) and which ones are continuing to show internal strength despite the S&P 500 stalling before reaching all-time highs. There are definitely some winners and losers... Read More 

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Gold Moves to a New High; Will the Breakout Hold?

by Martin Pring

Long-Term Gold Charts Give Perspective Gold broke out to a new recovery high on Tuesday and looks set to gain more ground, all with a favorable background from the long-term trend. Chart 1 compares the quarterly gold price to a Coppock indicator and its 9-quarter moving average... Read More 

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Measuring the Balance of Power in the Equal-weight Sectors

by Arthur Hill

The 200-day SMA is a long-term trend indicator that chartists can use across the equal-weight sectors to measure the balance of power in the broader market. The more sectors trading above their 200-day SMAs, the more bullish the market... Read More 

ChartWatchers

Stocks of these Companies are Seeing a Surge in Demand Despite an Uncertain Market

by Mary Ellen McGonagle

The markets have been able to climb a wall of worry over the past 3 months in a move that's pushed the Nasdaq to a new high in price, with the S&P 500 within 6% of its peak reached in mid-February... Read More 

ChartWatchers

Is Twenty-Twenty Nineteen-Eighty Déjà vu All Over Again?

by Martin Pring

The simple answer to the question posed in the title is "No!". However, there are a number of interesting parallels that have implications for 2020 and beyond. Let's see what they are... Read More 

ChartWatchers

Extremes in Sentiment Show Bullish Tilt

by David Keller

When I'm prioritizing information to help me understand the broad market environment, I tend to consider this as the order of importance: Price Breadth Sentiment I've found sentiment readings such as the American Association of Individual Investors (AAII) and Investors Intelligen... Read More 

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Wall Street Is POURING Money Into This Industry Group, Don't Miss Out!

by Tom Bowley

I am constantly performing research, using my analytical skills to uncover the best stock market opportunities. At EarningsBeats.com, we have a proven process of identifying leading stocks in leading industries... Read More 

ChartWatchers

Where Wall Street Meets Broad Street - Using Breadth Data to Confirm Sector Rotation

by Julius de Kempenaer

Technical analysts use a lot of breadth data in their work, which is understandable as it can give us a lot of useful information about how a market as a whole, usually a broad index level, behaves... Read More 

ChartWatchers

Catch "The Pitch", Featuring Greg Schnell, Julius de Kempenaer and Mary Ellen McGonagle, Hosted By Tom Bowley

by Grayson Roze

We're back with another new edition of The Pitch, this month featuring Greg Schnell, Julius de Kempenaer and Mary Ellen McGonagle, hosted by Tom Bowley. Each analyst has come prepped with their five most compelling stock picks for the current market environment... Read More 

ChartWatchers

How to Set Up Scans to Find Excellent Trading Opportunities

by John Hopkins

Every day, there are thousands of companies to select from when looking for trading candidates. This includes companies in different sectors, of different sizes and with different prices... Read More 

ChartWatchers

The Bottom of the Chart Isn't Support - UNG Proves the Point

by Erin Swenlin

I remember hearing (and still hearing) from other analysts that one should remember that the bottom of the chart isn't a support level. This is especially true when you are looking at a stock that has been making new all-time lows... Read More 

ChartWatchers

Stocks and Treasuries: The Yin and Yang of the Markets

by Arthur Hill

The 20+ Yr Treasury Bond ETF (TLT) retreated as stocks advanced from mid April to early June and then popped as stocks dropped this week. Bonds are the natural alternative to stocks and TLT appears to be forming a classic bullish continuation pattern... Read More 

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The End Of The Trend?

by Greg Schnell

Thursday was a real portfolio rattler as most stocks went for a wild dip. Once again, the Fed meeting was one of the primary reasons for the renewed cautiousness... Read More 

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The U.S. Stock Market Is Becoming One Giant Short Squeeze

by Tom Bowley

I've never understood the attraction to short selling, especially in a secular bull market. I get it - March and April didn't really feel like a big time bull market. But it was still part of one. March represented a cyclical bear market in a massive secular bull market... Read More 

ChartWatchers

Did the May Employment Report Signal an End to the Recession?

by Martin Pring

Part-Time Employees for Economic Reasons is a leading indicator of the labor market. That's because employers are more inclined to hire and fire temporary workers than permanent ones, where labor laws, contracts, pensions and other impediments get in the way... Read More 

ChartWatchers

The Outlook is Brightening for These Companies - and Their Stocks are On Sale

by Mary Ellen McGonagle

Extreme uncertainty can really push stocks around, and this historically unprecedented pandemic has certainly proven that. Take the steep selloff in normally defensive Utility and Real Estate stocks... Read More 

ChartWatchers

Stocks Overbought, Bonds Oversold (Almost)

by David Keller

Every Friday on The Final Bar, I conduct a weekly chart routine called "Wrap the Week" where we review macro charts and how they've evolved over the previous seven days... Read More 

ChartWatchers

Smaller Stocks Lead at Bottoms. - JJM

by Julius de Kempenaer

The title for this article is a quote from John Murphy's book Trading with Intermarket Analysis. And I couldn't help but think of it when I was watching the Relative Rotation Graph that shows the rotation for different segments of market capitalization... Read More