ChartWatchers

October 2009

ChartWatchers

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SAFETY FIRST

by Tom Bowley

It's very easy to get caught up in the euphoria of this market run. I'd be careful to do that. Invested Central turned from aggressively optimistic to cautiously bullish in early May and we've maintained that more cautious stance since. Call us conservative if you'd like... Read More 

ChartWatchers

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OIL ETF BACK ON BUY SIGNAL

by Carl Swenlin

In my September 25 article I headlined the fact that the Oil ETF (USO) had generated convincing sell signal, so I think it is appropriate to report that the signal has recently turned to a buy... Read More 

ChartWatchers

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SHORT-TERM RATES AND THE DOLLAR

by Arthur Hill

While there has been a negative correlation between the Dollar and stocks this year, there has been a positive correlation between the Dollar and short-term interest rates. The chart below shows the US Dollar Index ($USD) with the 1-Year Treasury Yield ($UST1Y)... Read More 

ChartWatchers

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NYSE AD LINE NEARS 2007 HIGH

by John Murphy

NYSE ADVANCE-DECLINE LINE NEARS OLD HIGH ... One of our readers asked for a look at the NYSE Advance-Decline line, and this may be a good time to start keeping an eye on it. Chart 7 shows the NYAD nearing a test of its 2007 peak... Read More 

ChartWatchers

INTERNET CONNECTION AND DATAFEED UPGRADE REPORTS

by Chip Anderson

Internet Connectivity Upgrade Progress Report: On Monday night we moved our site traffic off of our old 180 megabit T3 connections and back onto the gigabit Fiber connection... Read More 

ChartWatchers

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TECHNICAL ANALYSIS 101 - PART 14

by Chip Anderson

This is the next part of a series of articles about Technical Analysis from a new course we're developing. If you are new to charting, these articles will give you the "big picture" behind the charts on our site... Read More 

ChartWatchers

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BREAKDOWN IN BOND YIELD MAY BE BAD FOR STOCKS

by John Murphy

One of the catalysts behind Thursdays heavy stock selling was the breakdown in Treasury bond yields. The 10-Year T-note yield fell below its July low to the lowest level in more than four months. Bond yields are an indicator of confidence in the economy... Read More 

ChartWatchers

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Major Indices Hit Major Resistance and Fail

by Tom Bowley

I've cautioned recently about the risks of being long in the market. There were too many warning signs. Yes, the market could have kept its head down and pushed to higher levels. But that wouldn't have been the healthy way to extend the recent uptrend... Read More 

ChartWatchers

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COMPLACENCY IN THE MARKETS

by Richard Rhodes

Complacency, complacency and more complacency. While the media worries about a correction in the strong cyclical bull market, they should quite simply be considering whether or not the cyclical bull has indeed topped out and a cyclical bear market has begun... Read More 

ChartWatchers

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SUPPORT STILL HOLDS CORRECTING PRICES

by Carl Swenlin

The market has begun another correction, but so far no serious technical damage has been done. The S&P 500 remains within the grasp of an ascending wedge formation, the dominant feature on the daily chart... Read More 

ChartWatchers

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TECHNICAL ANALYSIS 101 - PART 13

by Chip Anderson

This is the next part of a series of articles about Technical Analysis from a new course we're developing. If you are new to charting, these articles will give you the "big picture" behind the charts on our site... Read More 

ChartWatchers

Blog Article Title Image

BREAKDOWN IN BOND YIELD MAY BE BAD FOR STOCKS

by John Murphy

One of the catalysts behind Thursdays heavy stock selling was the breakdown in Treasury bond yields. The 10-Year T-note yield fell below its July low to the lowest level in more than four months. Bond yields are an indicator of confidence in the economy... Read More 

ChartWatchers

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QQQQ Tests the 50-day

by Arthur Hill

With a sharp decline over the last eight days, the Nasdaq 100 ETF (QQQQ) is testing support from the rising 50-day moving average and RSI is testing support around 45-50... Read More