ChartWatchers

August 2020

ChartWatchers

This Game Changing Stock Sparked Highly Bullish Moves In These 2 Candidates

by Mary Ellen McGonagle

Shares of Abbott Laboratories (ABT) jumped 8% Thursday on news that the FDA granted emergency use authorization for their COVID-19 testing kit. Abbott's test is a game-changer as it is rapid, reliable and affordable and can detect active coronavirus at massive scale... Read More 

ChartWatchers

Eight Charts I Am Watching Closely Right Now

by Martin Pring

Strong Bull Market Indications We are all aware of the Shakespearian saying "Beware of the Ides of March," which didn't go so well for Julius Caesar. In market folklore, October is the season for crashes and September is the worst-performing month... Read More 

ChartWatchers

Key Sentiment Indicator is Flashing a Major Short-Term Warning

by Tom Bowley

If you've followed my work, you know three things. First, I'm one of the few analysts that kept my long-term secular bull market call intact despite the pandemic-induced selloff back in March... Read More 

ChartWatchers

Swap From XLK to RYT to Mitigate The Increasing Risk For AAPL

by Julius de Kempenaer

Last week, I wrote an article titled "What Can We Learn From Equal Weight vs. Cap Weighted Rotations on RRG". In that article, I touched upon distortions between EW and CW sector ETFs because of the large and increasing weight of a few Mega-Cap stocks... Read More 

ChartWatchers

Another Look at Bollinger Bands

by John Murphy

Last Friday's message applied Bollinger bands to the S&P 500 and cautioned that the market looked a bit stretched over the short-run... Read More 

ChartWatchers

Powerful Scanning Strategies for Our Strong Earnings ChartList

by John Hopkins

It's been a very exciting time for the bulls, with the NASDAQ and S&P hitting all-time highs this week. In fact, for those who have been skeptical and sat out the move off of the March 21 bottom, this has been painful to watch, with the NASDAQ rising over 70% in just 5 months... Read More 

ChartWatchers

5 Charts to Think About

by Greg Schnell

It has been a ride off the lows. The juggernauts continue to rise into the valuation stratosphere. Because of the large balance sheets in Tech, they have become the defense and the offense for this market... Read More 

ChartWatchers

Equal-Weight S&P 500 (RSP) Weaves Bearish Tale + Free DP Trading Room Monday with Carl!

by Erin Swenlin

Yesterday I had the pleasure of doing a podcast with FinancialSense.com's James Puplava (I'll send the link out to the DecisionPoint free email list when I have it - sign up on the DecisionPoint.com homepage)... Read More 

ChartWatchers

New 52-week Highs Underwhelm, But Outpace New Lows

by Arthur Hill

The total number of new highs in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 continues to underwhelm. Even so, new highs are still outpacing new lows and this is enough to keep the uptrend since late March going... Read More 

ChartWatchers

Is It a Pullback or Something More? The Recent Selloff in Top Growth Stocks Reminds Us to Stay Sharp

by Mary Ellen McGonagle

The recent pullback in high-growth stocks has created some unique opportunities to purchase select growth names at a discount. Before considering this strategy, however, it's important to make sure that several characteristics are in place... Read More 

ChartWatchers

Here are 3 of the Fastest-Gaining Momentum Stocks

by Tom Bowley

Over the past five months, since that March low, we've enjoyed many stocks' relentless pursuit to the upside. I know it's hard, however, to keep chasing those stocks as their prices move into what seems the stratosphere... Read More 

ChartWatchers

What Would Change My Mind on This Market

by David Keller

The last five months of market history are a blur for me. Back in mid-March, the S&P 500 was in free fall with no end in sight. Here we are in mid-August, and the S&P is retesting all-time highs... Read More 

ChartWatchers

Not All Tech Stocks Look Good... But the Most Important Ones Still Do!

by Julius de Kempenaer

The technology sector sparks a lot of interest, and for good reason - it has turned into a safe(r) haven when things get rough in the markets, but it's also everybody's baby when the market goes up. "What could possibly go wrong?", one would think... Read More 

ChartWatchers

Time for a Little Firmness in Bond Yields?

by Martin Pring

Chart 1 shows that the basic trend for bond yields around the world is still negative, as all series are in a clear-cut downtrend. The only exception is Japan, where the secular down trendline was violated earlier in the year... Read More 

ChartWatchers

Techs Retreat as Other Groups Gain

by John Murphy

Big tech has been the main story in the market since the start of the pandemic with most of the rest of the market largely left behind... Read More 

ChartWatchers

Two Industrial Sector Stocks that are Prepared to Perform!

by Erin Swenlin

On Wednesday afternoon, as I was preparing to record the DecisionPoint show, I did a scan of the sectors in preparation and the Industrial Sector SPDR (XLI) caught my eye after a nice gap up... Read More 

ChartWatchers

Powerhouse Stocks with Smashing Results

by John Hopkins

A number of tech giants have crushed earnings expectations, something that becomes quite apparent when you look at their charts. For example, take a look at Apple (AAPL), which recently reported its numbers: Your eyes are not deceiving you... Read More 

ChartWatchers

Ballistic Investing Heroes

by Greg Schnell

It seems remarkable that, every week, the market moves higher regardless of public health deterioration, rising death rates, politics, increasing global conflict, falling earnings and rising bankruptcies... Read More 

ChartWatchers

Four Stocks Poised to Drive Healthcare Higher

by Arthur Hill

The Healthcare SPDR (XLV) is one of the strongest sectors in 2020. Even though it does not sport the biggest gain, XLV recorded a new high in July and some 80% of its components are above their 200-day EMAs... Read More 

ChartWatchers

FAANG Stocks Exploding Higher? – Here's The Real Story This Earnings Season

by Mary Ellen McGonagle

It's been quite a week for the markets and while market news is likely to focus on the explosive gains in select FAANG stocks, I believe there's an even bigger story that's come to light during this surprisingly robust earnings season... Read More 

ChartWatchers

Copper Could Hold the Key for the Next Leg Up in the Stock Market Rally

by Martin Pring

Swings in commodity prices are both a market and an economic indicator. There are certainly exceptions, but when the economy is in a recovery phase, commodity prices generally rise... Read More 

ChartWatchers

Our Model Portfolio Is +118% In 21 Months; Here Are The 10 Equal-Weighted Stocks That Comprise It

by Tom Bowley

Every three months, we fill out our four portfolios with 10 equal-weighted and leading stocks, mostly in leading industries. We combine fundamental research and technical analysis to make our money work harder, which is the whole idea... Read More 

ChartWatchers

Too Far, Too Fast for Amazon

by David Keller

This week on The Final Bar, one of our Mailbag questions related to Amazon.com (AMZN) and how far it has reached above its 200-day moving average... Read More