ChartWatchers

July 2020

ChartWatchers

Will The Next Big Move Be in Bonds?

by Julius de Kempenaer

(Financial) Markets rotate, that's a given. When we look at the stock market, we call it sector rotation, which is probably the most widely-used term. But there is definitely also rotational action going on in other markets or cross assets... Read More 

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Explosive Earnings Are Propelling Stocks Higher In These 2 Surprising Areas

by Mary Ellen McGonagle

It's been proven that strong earnings are the number one driver of a stock's upward advance and with earnings season under way, there's no better time to vet the next set of stocks poised to trade much higher... Read More 

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Those Who Are Patient Could REALLY Cash In!

by John Hopkins

When Tesla (TSLA) reported its earnings last week, they smashed all expectations, both on the top and bottom line. The immediate reaction was mixed, but then we saw the tech sector in general take a hit for a few days in a row, and TSLA did not escape the selling... Read More 

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Big Techs Lead Market Retreat

by John Murphy

A selloff in the biggest tech stocks is putting downside pressure on stocks today; and is helping make the Nasdaq 100 the day's biggest percentage loser. And it looks technically vulnerable to a deeper pullback... Read More 

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Energy Sector Heating Up - Here are Possible Winners

by Erin Swenlin

I have been watching the Energy sector closely this week... Read More 

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QQQ Goes on a Bender

by Arthur Hill

QQQ can do little wrong here in 2020, but the ETF is ripe for a corrective period as it becomes the most extended since 1999. Current conditions, while frothy, are not quite the same as they were in 2000 so I do not expect another crash... Read More 

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This is Big Enough to Rock the World

by Greg Schnell

The US Dollar has been dropping for a few months now, but this week it accelerated lower on the break of the two-year trend line. I wrote about the dollar in this Canadian Technician article on Thursday, and its position as the global currency is clearly something to watch... Read More 

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New Sector Leadership May Be Emerging

by Martin Pring

Technology About to Pause? The undisputed king of sectors so far this year has been technology. This week's price action from the tech dominated NASDAQ Composite ($COMPQ), though, suggests that this leadership may be rotating elsewhere... Read More 

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These 3 Industries are Poised to Deliver Companies with Blowout Results

by Tom Bowley

I've been patiently waiting for the BIG breakout, the one that really kickstarts this group. I believe we just saw it on Friday. Health Care (XLV) definitively made its move after already recently providing some very bullish clues... Read More 

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A BB Breakout or the Dreaded Head Fake?

by Arthur Hill

There were a number of Bollinger Band squeeze plays over the last two weeks and also a number of breakouts. These breakouts are bullish until proven otherwise, but chartists should also be aware of the head fake... Read More 

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The "Diamonds" of the Materials Sector

by Erin Swenlin

As part of my preparation of the "DecisionPoint Diamonds Report", I seek areas that are showing leadership, and the Materials sector has been doing just that. Materials was up 5.47% on the week, which was only second to Industrials at 5.87%... Read More 

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What About Growth vs. Value Going into the Second Half?

by Julius de Kempenaer

The last time Value took over from Growth was at the end of 2018, and even that was only for a short period going into and following the Christmas Crash. But that situation rapidly reversed a few weeks into 2019, when the uptrend in the Growth-Value ratio continued strongly... Read More 

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Long-Term Trend Shifting in Favor of Gold

by John Murphy

Recent messages showing the ongoing bull market in gold (and its miners) have stressed that a weaker dollar and historically low global interest rates have pushed the price of gold to the highest level in nearly nine years... Read More 

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Earnings Season is Upon Us - And It's Going to Be a Wild Ride!

by John Hopkins

Let me start right off the bat looking at two companies that reported earnings over the past week or so: FedEx (FDX) and Bed, Bath and Beyond (BBBY). When FDX reported its numbers on July 1, the stock skyrocketed by 16%... Read More 

ChartWatchers

More Semiconductors Set Up

by Greg Schnell

As the technology names pull away from the rest of the market, July has more semiconductor names set up to break out to new 52-week highs... Read More 

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Overbought Means Up A Lot

by David Keller

I've received many questions recently on stocks experiencing overbought conditions, from stocks like Activision Blizzard (ATVI), which recently broke above RSI 70, to Amazon (AMZN), which has an RSI that has breached 80... Read More 

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StockChartsACP v1.0 Has Arrived! Here's What You'll Find In The New Version Of Our Interactive, Full-Screen Advanced Charting Platform

by Grayson Roze

3 years, 3 months and 29 days. That's how long I've been waiting to write this article. Seriously – I took the time to go back through my notes and calendars to confirm it, right down to the day... Read More 

ChartWatchers

A Tale of Two Markets

by John Murphy

Despite gaining ground this past week, little has changed for the market's major stock indexes. Continued buying of technology growth stocks pushed the Nasdaq Composite to a new record (Chart 1). The rest of the market, however, continued to lag behind... Read More 

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The Mindful Six Stocks to Follow Here

by David Keller

The S&P 500 index has remained in consolidation mode, spending the shortened holiday week in a rally back to the upper end of the recent trading range... Read More 

ChartWatchers

AMZN Move Over Please... Coming Through

by Julius de Kempenaer

One of the ratios that a lot of market watchers and commentators look at is the relationship between Consumer Staples and Consumer Discretionary stocks... Read More 

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Could We Be In For A Bullish Earnings Season? This Mega Stock's Numbers Say Yes!

by Mary Ellen McGonagle

We may have gotten an encouraging preview to earnings season for select areas of the economy this week after global air-freight carrier FedEx Corp. (FDX) posted earnings that were well ahead of analyst's estimates... Read More 

ChartWatchers

One Thing Always Drives Stocks Higher..... And It'll Happen Again During 2020's Second Half

by Tom Bowley

Fear is an almost uncontrollable emotion. And when you combine that with financial anxiety, it typically results in predictable fashion - a "throw the baby out with the bath water" selling event. But the good news is that, once the masses grow fearful enough, stock markets rally... Read More