ChartWatchers November 26, 2021 at 08:26 PM
The news that a new variant has popped up spooked the market on Friday, with all of the major indexes getting hit hard. But the truth is the market had gotten overextended and really was in need of a pullback... Read More
ChartWatchers November 26, 2021 at 07:56 PM
This week has taken quite a few investors by surprise. One thing technicians have learned over the years is that the news is usually created after the price of the stock, bond commodity or index has dropped. This week is a classic example... Read More
ChartWatchers November 26, 2021 at 07:48 PM
(Our holiday gift to you... today's ChartWatchers article is a reprint of today's subscriber-only DP Weekly Wrap.) Today, it was announced that we are faced with another COVID variant... Read More
ChartWatchers November 26, 2021 at 07:20 AM
Note that this article has been revised to account for Friday's price action. Stocks were slammed on Black Friday with small-caps leading the way lower and stay-at-home stocks bouncing. The declines were big, but they should be put into perspective... Read More
ChartWatchers November 19, 2021 at 10:34 PM
Last week, the S&P 500 traded mostly sideways despite outsized gains in several heavyweight FAANMG stocks... Read More
ChartWatchers November 19, 2021 at 08:41 PM
This past Thursday evening, our Chief Market Strategist Tom Bowley unveiled his "Top 10 Stock Picks" for our 4 portfolios, 40 stocks in all... Read More
ChartWatchers November 12, 2021 at 08:13 PM
The gold price zig-zagged its way down between August of last year and April of this one. Since then, it's really been in a trading range and now looks as if it is breaking out. I'll start off by taking a look at the longer-term picture... Read More
ChartWatchers November 12, 2021 at 07:51 PM
Much has been made of the oil trade this year, and we have seen other commodities swing wildly, but higher. It continues to be a strong area for swing traders to outperform. Some of the tech names have been rocking it to the upside too... Read More
ChartWatchers November 12, 2021 at 03:08 PM
I spend hundreds of hours during each quarterly earnings season researching earnings reports, deciphering which beat revenue and EPS estimates and then annotating every one of those charts... Read More
ChartWatchers November 12, 2021 at 12:25 PM
The surge in the 10-yr Treasury Yield is the talk of the town this week, and last week it was the breakout in the Russell 2000 ETF and relative strength in small-caps... Read More
ChartWatchers November 05, 2021 at 11:05 PM
The Consumer Discretionary sector hit another new high in price last week... Read More
ChartWatchers November 05, 2021 at 09:21 PM
Like most technicians, I take a "top down" approach when it comes to my trading strategy. I start with the overall market, which, I believe, continues to be insanely bullish... Read More
ChartWatchers November 05, 2021 at 07:04 PM
One of the (if not THE) most promising tails on the Relative Rotation Graph for US sectors is on XLY, the Consumer Discretionary sector. Over the last five weeks, the tail on XLY shows an almost straight line into the leading quadrant while gaining on both axes... Read More
