ChartWatchers

April 2021

ChartWatchers

Institutions Have Raised $3 Trillion in Cash. They're Starting to Put That Money Back to Work

by Mary Ellen McGonagle

Institutions have increased their cash balances by 9% since the beginning of this year*. This brings their total cash pile to $3 trillion, which represents lots of potential firepower for equity gains as this money gets put to work... Read More 

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A Downtrending Stock Poised to Explode Higher - Get in Early

by Tom Bowley

When I see a long-term winning stock sell off for a period of weeks, or even months, I always question the motive. If institutions want to buy a large position in a company, it takes time to do so. They don't simply put a market order in for 1 million shares... Read More 

ChartWatchers

A Battle for Breadth on Relative Rotation Graphs

by Julius de Kempenaer

This past Thursday, I was one of the guest hosts to fill in for David Keller on The Final Bar, as Dave was enjoying a week off. Of course I brought RRG to the show, but I also wanted to add a bit of educational content on how to use RRG in a way that was somewhat outside the box... Read More 

ChartWatchers

Clarifying Oil's 10-Year Message For Stocks

by Tom McClellan

It is now officially April and, in past posts, I have noted that the leading indication message from crude has called for a stock market top due in April 2021. This should be the 10-year echo of the monthly closing price top in oil prices in April 2011... Read More 

ChartWatchers

These Mega-Caps Look Set for Higher Prices!

by Greg Schnell

It has been 6 weeks since the February 12th market top on the $COMPQ. The $SPX and the $INDU have gone on to new highs, and some of the large caps are setting up in the sweet spot for me. That would add a lot of thrust to a second quarter rally... Read More 

ChartWatchers

Is It Time to Go Long on Gold? -- Mary Ellen McGonagle Joins DP Trading Room Monday!

by Erin Swenlin

In today's "Diamond Mine" Trading Room (DP Diamonds subscribers only), I was asked if it was time to go long on Gold given its rally this week. Well, if we are talking about "longs," we should start at the monthly chart and work down to the daily chart... Read More 

ChartWatchers

A Relative Strength Clue for QQQ

by Arthur Hill

The Nasdaq 100 ETF (QQQ) represents the largest stocks in the Nasdaq and the Nasdaq 100 Next Gen ETF (QQQJ) covers the next 100 (101 to 200). Stocks at the top of the latter group are knocking on the door and trying to fatten up for inclusion into the legendary QQQ... Read More 

ChartWatchers

Here's What Great Earnings-Related Trade Setups Look Like

by Tom Bowley

I love earnings season. Perhaps it's the CPA inside of me, having practiced in public accounting for a couple decades. Maybe it's the excitement of new fundamental information being released that alters the valuation of companies... Read More