ChartWatchers

May 2017

ChartWatchers

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Foreign Markets Retest The Highs

by Greg Schnell

With the big swing this week, some of the foreign markets are retesting breakouts. Below are just a few markets to watch in the next few weeks. Australia ($AORD) failed to hold the breakout to new highs and has now lost the 10 WMA... Read More 

ChartWatchers

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Rising European Currencies Are Pushing the Dollar Lower

by John Murphy

While stocks were rebounding last week, the dollar wasn't. Chart 1 shows the Power Shares Dollar Index ETF (UUP) falling again Friday to the lowest level since November. It may seem surprising to see the dollar continuing to drop with bond yields bouncing along with stocks... Read More 

ChartWatchers

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Broad REIT ETFs Hit Interesting Junctures, but Hotel and Retail REITs Weigh

by Arthur Hill

The REIT iShares (IYR) and the Vanguard REIT ETF (VNQ) are at interesting junctures because they corrected within an uptrend... Read More 

ChartWatchers

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Bearish Signals Continue to Mount

by Erin Swenlin

It was a rough finish to the week and it has shaken up the DecisionPoint Scoreboards... Read More 

ChartWatchers

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When in Doubt, Sit it Out

by John Hopkins

Anyone who trades the market on a regular basis knows how important it is to use whatever tools are available to make important decisions... Read More 

ChartWatchers

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Are We Topping? Watch These Two Industry Groups

by Tom Bowley

We saw the first significant selling pressure in months last week, especially on Wednesday... Read More 

ChartWatchers

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Financials Underperform After The Fed Meeting

by Greg Schnell

It seems that nothing is ever easy in the market, but following price action is really important as we know... Read More 

ChartWatchers

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Whipsaw Intermediate-Term PMO BUY Signals on SPX and OEX

by Erin Swenlin

I had already figured out what I would write about in today's ChartWatchers article, but that was put on hold when I received a Technical Alert in my email box telling me that we had IT Price Momentum Oscillator (PMO) signal changes on both the S&P 500 and S&P 100... Read More 

ChartWatchers

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Create McClellan Oscillators for the Nine Sector SPDRs and the Gold Miners

by Arthur Hill

The McClellan Oscillator is a breadth indicator that Chartists can use to enhance their analysis of an index. StockCharts carries the McClellan Oscillator for dozens of broad market indexes, but not for the S&P sectors... Read More 

ChartWatchers

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Sector Rankings and Weightings Are Still Market Positive

by John Murphy

SECTOR LEADERSHIP... One of the problems facing the current stock market is that some sectors have been rising, while others have suffered large losses. Since the start of the year, for example, technology has gained nearly 14% versus a 6.7% gain for the S&P 500... Read More 

ChartWatchers

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Earnings Season Favors the Bulls

by John Hopkins

Recent headlines have focused on tax reform, health care reform, partisan bickering, the president's first 100 days. But in the background many companies have been coming up big when reporting earnings which is why the market has been so strong of late... Read More