ChartWatchers October 30, 2020 at 10:00 PM
Four of the biggest tech stocks are weakening today after several of them reported decent earnings. And they're weighing on the rest of the market. Chart 1 shows Amazon.com (AMZN) falling to the lowest level in a month. Chart 2 shows Apple (AAPL) doing the same... Read More
ChartWatchers October 30, 2020 at 08:36 PM
One of the world's most difficult issues seems ready to explode. As the pandemic numbers soar in the second wave, the real problem is the size of the base that it is surging from. When the first wave hit, it multiplied from a small base... Read More
ChartWatchers October 30, 2020 at 08:36 PM
Earnings season is in full swing and, so far, we've seen some really solid results. That might seem counterintuitive, given the bloodbath of late; however, two companies that recently knocked it out of the park were Snap (SNAP) and Pinterest (PINS)... Read More
ChartWatchers October 30, 2020 at 05:40 PM
Breadth indicators, such as Advance-Decline Percent, measure the participation behind a move in the underlying index. Sometimes participation is so strong that it tips the scales and signals the start of an extended move... Read More
ChartWatchers October 30, 2020 at 05:40 PM
These are the ten stocks in the S&P 500 with the highest market capitalization, and they will have a significant effect on the movement of that market index... Read More
ChartWatchers October 24, 2020 at 12:51 AM
While only a quarter of S&P 500 companies have reported 3rd quarter earnings so far, the number of companies beating EPS estimates is near record highs... Read More
ChartWatchers October 23, 2020 at 10:04 PM
Earnings is what we do at EarningsBeats.com. While a lot of traders are hoping, perhaps gambling, that companies they own come through with great results, we're doing our homework to prepare for our next Top 10 Stocks webinar on November 19th... Read More
ChartWatchers October 23, 2020 at 09:00 PM
They say Copper is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy. That arises because of copper's widespread applications in most sectors of the economy, from homes and factories to electronics and power generation... Read More
ChartWatchers October 23, 2020 at 04:16 PM
Those of you who follow my blogs and watch Sector Spotlight on StockCharts TV will know that I regularly look at rotations among various asset classes... Read More
ChartWatchers October 23, 2020 at 04:00 PM
This past Monday, I asked three experts on the Presidential Cycle - Bruce Fraser, Jeff Hirsch, and Tom McClellan - to share their take on market trends around the election season. They delivered in a big way, and the result was a masterclass in how to learn from market history... Read More
ChartWatchers October 16, 2020 at 10:48 PM
Those who follow me know that I'm constantly monitoring the current leaders and watching for new leadership. It's one piece of technical analysis that helps in selecting our portfolio stocks... Read More
ChartWatchers October 16, 2020 at 07:55 PM
I have heard rumblings of market participants beginning to "feel" bearish about the market as it pulled back this past week. That information can not only be gleaned from business news channels, but can also be pulled from polling data... Read More
ChartWatchers October 16, 2020 at 07:41 PM
Tesla marked down the selling price of the Model 3 twice this week! In a humorous twist, $69,420 shows up as the list price. Good ol' $420. Funding secured. We almost miss all those bizarre tweets. Article continues below... Read More
ChartWatchers October 16, 2020 at 07:33 PM
Healthcare stocks are leading the market higher for a change. The daily bars in Chart 1 show the Health Care SPDR (XLV) nearing a test of its recent highs after finding support near its 50-day moving average... Read More
ChartWatchers October 16, 2020 at 05:01 PM
The Russell 2000 ETF (IWM) rose from the ashes in late September and surged above its summer highs with a double-digit advance. This is quite amazing considering that IWM closed below its 200-day SMA on 24-Sept and was seriously lagging less than a month ago... Read More
ChartWatchers October 10, 2020 at 12:37 AM
The Nasdaq has been in recovery mode over the past 3 weeks after a September rout that left many high-growth Tech stocks underwater. Leading stock Apple (AAPL) was down over 25% from its peak and the stock is still trying to get up off the mat... Read More
ChartWatchers October 09, 2020 at 10:28 PM
I would currently describe myself as a "cautious bull," in that I recognize that the market is trending higher, I'm prepared to follow that trend as long as it continues, and I'm always looking for some signs of potential weakness and/or exhaustion... Read More
ChartWatchers October 09, 2020 at 10:00 PM
Sometimes, it's a good idea to approach likely market action not so much from an analysis of the market itself, but substituting intermarket or inter-asset relationships to accomplish the same objective... Read More
ChartWatchers October 09, 2020 at 12:44 PM
I remain firmly in the secular bull market theory camp. We're going higher. Forget about politics, civil unrest, the virus, the deficit, the economy, blah, blah, blah. Money flow, the Fed and historically-low interest rates will fuel higher prices... Read More
ChartWatchers October 03, 2020 at 12:00 AM
Coppock Indicator Using Quarterly Data is Bullish Long-term Charts show that gold is in a firm uptrend... Read More
ChartWatchers October 02, 2020 at 08:13 PM
It's very true at the moment that this is a "stock pickers" market, meaning it really makes a big difference which individual stocks you are trading unless you focus more on ETFs... Read More
ChartWatchers October 02, 2020 at 07:49 PM
While I love bacon, I did not intentionally pick another "pig"-themed headline (referring to my article on the "pig's ear" chart pattern at this link)... Read More
ChartWatchers October 02, 2020 at 05:03 PM
The S&P 500 SPDR (SPY) gapped up on Monday and broke out of a classic correction pattern. The breakout is bullish, but the coast is not entirely clear. Here's what to watch going forward... Read More
ChartWatchers October 02, 2020 at 03:00 PM
This week, I hosted a one-hour special edition of Market Buzz on the Electric Car theme. While I have 29 currently on my list, there are some compelling charts other than Tesla to check out. BYD Co. (BYDDF) BYD is a large manufacturer competing in the electric vehicle space... Read More
