ChartWatchers

May 2021

ChartWatchers

I Don't Know If the Correction Will Extend, But Here are Five Charts I'm Watching

by Martin Pring

The Big Picture Before we get into the subject of corrections, it's important to make sure that we do not lose focus on the big picture. For instance, take Chart 1, which features the Value Line Geometric Average... Read More 

ChartWatchers

Shorts Get Cooked Again!

by John Hopkins

The Reddit crowd was at it again this past week as they mounted a full-out assault on short sellers, with some stocks making meteoric rises... Read More 

ChartWatchers

Cannabis Stocks Going Higher - Opportunities Abound

by Erin Swenlin

On Tuesday, I let DecisionPoint Diamonds subscribers know that weed stocks were the place to be. While this area can be speculative in nature, there are some strong winds at the back of these stocks... Read More 

ChartWatchers

CARZ Revs its Engine (while it Still Can)

by Arthur Hill

Some of the old Ford and GM cars can still rev their engines, but the sound of a revving engine could go the way of the dodo with EVs. Perhaps, I should say that the Global Auto ETF (CARZ) price chart is revving its engine and poised for a breakout... Read More 

ChartWatchers

Is This Business About to Implode -- Or Rocket Higher?

by Greg Schnell

This crazy world has so many unique twists and turns. The turn that absolutely baffles me is the move to green energy without the planning. Not just in one country, but worldwide... Read More 

ChartWatchers

These Stocks Can Provide Stability and a Lot More During These Tricky Times

by Mary Ellen McGonagle

I don't have to tell you it's been tough for most investors to make headway in the markets this month. We're navigating a landscape that's never before been traveled... Read More 

ChartWatchers

Will Gold Continue to Strengthen Versus Cryptos?

by Carl Swenlin

This is an excerpt from today's subscriber-only "DecisionPoint Weekly Wrap": It has long been our belief that gold should be doing a lot better, considering the reckless spending and borrowing that is currently in progress... Read More 

ChartWatchers

Is Equal-Weight Really Equal Weight When it Comes to Sectors?

by Julius de Kempenaer

The Relative Rotation Graph shows the rotation of the Invesco family of equal-weight ETFs. These sector ETFs are often used to eliminate the dominating weight of some individual stocks in specific sectors... Read More 

ChartWatchers

Wall Street Doesn't Want You to See These S&P 500 Performance Numbers

by Tom Bowley

The stock market has a history of running higher in anticipation of earnings season. On the S&P 500, for instance, here are the annualized returns for the following periods since 1950: This is 71 years of daily data, which is certainly statistically relevant... Read More 

ChartWatchers

Dead Cat Bounce on S&P 500?

by David Keller

When a market makes a quick move lower from an established peak, then quickly rebounds back to the upside, you will hear the dreaded phrase "dead cat bounce" emerge on trading floors... Read More 

ChartWatchers

How to Best Position Yourself For a Rocky Market Ahead

by John Hopkins

The volatility we've seen in the market of late can be linked to some recent reports showing that inflationary concerns are becoming problematic. More specifically, the Labor Department reported that CPI rose by 0.8%, while the rate of inflation over the past year climbed 4... Read More 

ChartWatchers

A Tech ETF Forming A Short-term Bullish Pattern within a Bigger Bullish Pattern

by Arthur Hill

The Cybersecurity ETF (CIBR) was hit with the rest of the tech sector over the last few weeks, but it held the March lows and is on my radar as a possible triangle forms over the last few months... Read More 

ChartWatchers

Gold Names Firm Up to 3-Month Highs

by Greg Schnell

I fired through some scans this morning and only one Gold name popped up. Then, after I altered my scan criteria slightly, a plethora of nice setups showed up. In a few weeks, StockCharts will have some new shows regarding scanning... Read More 

ChartWatchers

Base Breakouts Abound Amid Record First Quarter Earnings Season

by Mary Ellen McGonagle

The S&P 500 is reporting the highest year-over-year earnings growth since the markets were emerging from the '08-'09 recession. In fact, over 85% of corporations are reporting first quarter results that are well above their estimates... Read More 

ChartWatchers

One Industry That's Failed Miserably During Earnings Season

by Tom Bowley

I could provide a solid list of earnings season failure nominees like semiconductors ($DJUSSC), software ($DJUSSW) and medical equipment ($DJUSAM). However, I'm going to give the award to gambling ($DJUSCA)... Read More 

ChartWatchers

Putting Forward a Candidate to Take Over Tech Leadership

by Martin Pring

A couple of weeks ago, I posted an article questioning whether the tech-dominated NASDAQ still had the mojo to lead the market higher. At the time, many sub-surface indicators, such as breadth, volume and relative action, looked weak... Read More 

ChartWatchers

RRG Tails Have a Story to Tell

by Julius de Kempenaer

One of the main characteristics of a Relative Rotation Graph is the "tail," which shows us the sector's trajectory through recent history... Read More