ChartWatchers

October 2020

ChartWatchers

These Leading Stocks Are In Bullish Positions After Reporting Strong Earnings

by Mary Ellen McGonagle

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 

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4 Earnings Reports You Need To Be Watching

by Tom Bowley

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 

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Upside Break by Copper also Has Implications for the CRB Composite and the Economy

by Martin Pring

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 

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Presidential Rotation

by Julius de Kempenaer

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 

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Three Takes on the Presidential Cycle

by David Keller

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 

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Don't Look Now, But We're Seeing a New Leading Industry Group Emerging

by Tom Bowley

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 

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Are Market Participants Really Bearish Right Now? Nope

by Erin Swenlin

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 

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Wow, Is Tesla in Trouble?

by Greg Schnell

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 

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Healthcare Providers Lead XLV Higher

by John Murphy

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 

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Small-Caps Take the Lead: Can They Hold It?

by Arthur Hill

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 

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These Leading Growth Stocks Just Reversed Their Downtrends

by Mary Ellen McGonagle

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 

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Bullish Expansion of New Highs

by David Keller

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

Reliable Long-Term Ratio May Be About to Trigger its Seventh Buy Signal for Stocks Since 1995

by Martin Pring

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 

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Ready For a Melt UP? Bears, It's Checkmate!

by Tom Bowley

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 

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The Gold Bull Market is Likely to Extend Once the Correction Runs its Course

by Martin Pring

Coppock Indicator Using Quarterly Data is Bullish Long-term Charts show that gold is in a firm uptrend... Read More 

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Here are the 2 Stocks Leading Our Powerful Portfolios

by John Hopkins

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 

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Going "Hog Wild"! & Free DP Trading Room with Julius de Kempenaer

by Erin Swenlin

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

Mind the Gap in SPY

by Arthur Hill

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 

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Car Companies Other Than Tesla

by Greg Schnell

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