ChartWatchers

December 2020

ChartWatchers

Which One Were You?

by Greg Schnell

This year created an extreme assortment of performance across financial advisors, hedge funds, individual investors, young entrepreneurs, self-directed investors and family office agencies. Those that protected capital might not have done as well if they didn't get back in early... Read More 

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Stock Uptrend Continues

by John Murphy

Tuesday's message used hourly bar charts to show the three major stock indexes holding short-term support levels. Wednesday's daily bars show stocks continuing to stay above their green 20-day moving averages. They're usually the first line of support on market pullbacks... Read More 

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Market Bias Not So Bullish Anymore

by Erin Swenlin

(This is a reprint of the subscriber-only "DecisionPoint Alert" article from 12/22/2020... Read More 

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This ETF Has Skyrocketed 58% in Just Two Months

by John Hopkins

A lot of traders opt for individual stocks when looking for outsized gains. But ETFs can produce great gains as well if you are able to identify which ones are poised to rise. As an example, take a look at the chart below on the Clean Energy ETF, PBW... Read More 

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More Forest and Fewer Trees in 2021

by Arthur Hill

Way back in early September, a time long long ago, tech-related ETFs were leading the market and recording new highs... Read More 

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These Stocks are Poised for Explosive Moves Higher!

by Mary Ellen McGonagle

The broader markets are in an upward trending phase with positive news of a COVID vaccine helping investors to look past a steady uptick in virus cases... Read More 

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Numerous International Multi-Year Trading Ranges are Reminiscent of the 1982 Dow 1,000 Breakout

by Martin Pring

Years ago, before online charting platforms were widely available, technicians resorted to chartbooks published on a weekly or monthly basis and received days later in the snail mail... Read More 

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E-Commerce Names Charging Into 2021

by David Keller

As investors review the performance of stocks in 2020, e-commerce names like AMZN and SHOP exemplify the transition from brick-and-mortar stores to an online shopping experience... Read More 

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Getting Your Options Right Around Communication Services

by Julius de Kempenaer

Over the last weeks, the Communication Services sector continued to improve and recently moved back into the leading quadrant after rotating through weakening and, very briefly, through lagging... Read More 

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Is Solar Teflon?

by Erin Swenlin

If you have attended the free DecisionPoint.com Trading Room or you are a DecisionPoint Diamonds Report subscriber, you'll know that I have been very bullish on renewable energy stocks since the beginning of autumn... Read More 

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Here's Why I'd Be Buying an Overbought Market

by Tom Bowley

Since the March lows, the NASDAQ has seen its RSI approach or pierce the overbought 70 level on 11 different occasions. The only meaningful correction that's taken place on any of those 11 occurrences, though, has been the September selling... Read More 

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United States Oil Fund Breaks Out

by John Murphy

The price of crude oil continues to rise and is pulling energy shares along with it. Chart 1 shows the United States Oil Fund (USO) surging to the highest level in eight months after clearing its previous high formed during August... Read More 

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Will We Get There?

by Greg Schnell

Today, I want to cover off one of the things that have to fall into place for the EV movement to really succeed. I was very interested in an article on how the early design of a full-site, electric charging station looks... Read More 

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Stocks That Rock During December!

by John Hopkins

At EarningsBeats.com, we created a list of stocks that are historically among the best-performing ones during the month of December. This list was created on November 30 and one of the companies on the list, Seagate Technology Holdings (STX), has not disappointed... Read More 

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Squeezing the Apple for a Breakout

by Arthur Hill

Several big tech stocks have consolidation patterns working the last few months and Bollinger Band squeezes in December. These include Apple, Amazon, Microsoft and Nvidia. Today's article will focus on the strongest of the four, and the one with a breakout working already... Read More 

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2 Intermarket Relationships are Providing MASSIVE Buy Signals

by Tom Bowley

I always credit John Murphy for all of my work regarding intermarket relationships. He's inspired me in a number of ways and I continue to look for relationships that can better increase my odds of calling the stock market correctly... Read More 

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Is it Time to Pull the Plug on the Gold Bull Market?

by Martin Pring

Since its intraday high (set in August), the price of the SPDR Gold Trust, the GLD, has fallen close to 15%. That's not enough to qualify for a bear market under the media's arbitrary and totally useless 20% standard. However, it is enough for bulls like me to get concerned... Read More 

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These 3 Steps Will Put You In Front Of Big, Winning Stocks

by Mary Ellen McGonagle

For many investors, uncovering that best-of-breed stock that goes on to far outpace its peers can be elusive. With the tools I'm going to share with you today, you can get started setting up a system that's designed to locate and help you trade that next big winner... Read More 

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Three Tells for a Bottom in Gold Stocks

by David Keller

As much as people speak of gold's value as a safe haven, its performance in 2020 has done much to dispel that investment thesis. Recent months have seen gold and gold stocks underperforming the S&P 500... Read More 

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(When) Will we See $40k in Bitcoin?

by Julius de Kempenaer

Bitcoin and, more broadly, cryptocurrencies, are back to the forefront of financial markets. A lot of new participants are entering the crypto-space and they are all looking to get a piece of the bitcoin-pie... Read More