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Latest Posts


This New Behind-The-Scenes Video Perfectly Captures The ChartCon Spirit

by Grayson Roze

Hello Fellow ChartWatchers! In case you missed it, we just released a special behind-the-scenes video that I want to make sure you see. I can hardly believe that ChartCon 2018 is now only TWO WEEKS AWAY, but watching this video really made it feel even more real. Last week, while filming bonus content for the conference, we had a chance to sit down with a few of our featured speakers and talk to them face-to-face about ChartCon. We asked what we thought were a few simple questions like, "What are you most excited for about ChartCon?", but the totally unscripted Read More 


Stubborn Weekly Momentum SELL Signals SPX and Dow

by Erin Swenlin

My expectation for week end was two new weekly PMO BUY signals. Instead we got only one. The SPX missed its weekly PMO BUY signal by hair or technically, by two one-hundredths of a point. The OEX managed to squeak its out and the Dow is finally seeing a possible weekly PMO bottom. The NDX is just sitting back and waiting for everyone to catch up. It's been on a weekly PMO BUY signal since mid-June. The OEX is attempting a breakout above resistance from the February/March top. It managed to hurdle the 2nd quarter top last week but pulled back slightly to close just Read More 


The Big Start To Earnings Comes Out Flat

by Greg Schnell

The US earnings season is in full bloom with major corporate earnings announcements flowing. The earnings have come out just fine, but it seems investors had already figured that out. This week the market is flat with a doji candle. What brings this doji to my attention is that it showed up while we were trying to make a convincing break above 2800.  There has been a lot of talk about the FANG leadership and the heavy weighting they have on the index. The bottom line is the NASDAQ 100 ended the week with a slight negative which is hardly the resounding Read More 


Ten-Year Treasury Yield Is Still Testing Overhead Resistance

by John Murphy

Editors Note: This article was originally published in John Murphy's Market Message on Thursday, July 19th at 1:46pm ET. The monthly bars in Chart 1 shows the 10-Year Treasury Yield ($TNX) forming a major bottoming pattern that started six years ago (2012). Its monthly MACD lines (bottom box) are at the most positive reading in ten years. That favors an eventual upside breakout. [A decisive upside breakout would also break a falling trendline going back more than three decades]. Since May, however, the TNX has been pulling back. The chart below shows one of the reasons why. The Read More 


Two Key Sectors Move from Laggards to Leaders

by Arthur Hill

The Financials SPDR (XLF) and Industrials SPDR (XLI) weighed on the broader market the first six months of the year, but perked up in July and started to show some upside leadership. The PerfChart below shows the percentage change for the ten sector SPDRs from December 29th to June 29th, the first six months of 2018. Only three sectors stand out: the Consumer Discretionary SPDR (red), the Technology SPDR (green) and the Energy SPDR (black). The rest were either fractionally higher or down. Notice that the Financials SPDR (blue) and Industrials SPDR (magenta) were down 3.97% and 4.58% Read More 


Fresh Trading Opportunities as Earnings Season Shifts into High Gear

by John Hopkins

Traders have been waiting patiently for Q2 earnings season to begin and now they need to wait no longer. Already we've heard from some of the largest banks in the world and on Tuesday we heard from EBAY, who came up short and then Thursday from one of the largest Market Cap tech companies, Microsoft, who exceeded expectations.   To me the market is at its finest when companies that come up short of expectations are punished while those that meet/beat expectations are rewarded, which is the way it should be. We can see this in the two charts Read More 


Why All The Talk About The Yield Curve Flattening?

by Greg Schnell has a nice Dynamic Yield Curve tool that anyone can use. It's extremely friendly. As we roll through the pictures in this article, notice the date in the upper left corner of the yellow box. The red vertical line on the yellow background on the right side shows it in the context of the stock market. Here is a snapshot of the tool on July 12, 2016. In the picture above, we can see the line tilted sharply higher. The black shading is the yield each of the bond maturity dates have travelled and the red is the line at the snapshot in time.  About 2% between Read More 


The Trading Strategy That Makes Money

by Tom Bowley

Let's first talk about a trading strategy that doesn't work. I steer clear of companies that struggle to meet Wall Street expectations and there's a very simple reason why.  Management helps Wall Street set their expectations.  So when companies miss their targets, it's essentially a confession by management that they could not deliver on their promise.  They weren't capable of executing.  Let me give you a perfect example of what I avoid. PriceSmart, Inc. (PSMT). Here's a company that missed its earnings expectation for the Read More 


Checking out the land down under on a Relative Rotation Graph

by Julius de Kempenaer

On the Relative Rotation Graph above I have grouped a selection of world equity market indices, mainly some big regions, and put them against the Vanguard Total World Stock Index (VTWSX) as the benchmark. What immediately grabs our attention, or at least mine is the fact that this selection is clearly split between positive (Leading) and negative (Lagging). The universe The universe on the RRG is found in the table below I have collected a number of ticker symbols for important international equity markets Read More 


Health Care SPDR Achieves Bullish Breakout

by John Murphy

On a day when stocks are rising, and all eleven market sectors are in the black, healthcare is the standout performer. This chart shows the Health Care SPDR (XLV) rising to the highest level since the middle of March. The bottom box shows the XLV/SPX ratio rising to the highest level since late April. The XLV has been rising faster than the SPX since the start of May. The XLV now appears to be on the verge of exceeding its March intra-day high at 86.23. Biotechs are the main driving force behind today's healthcare surge. Read More 

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