ChartWatchers

July 2009

ChartWatchers

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McClellan Oscillators Remain Bullish

by Arthur Hill

The McClellan Oscillators moved from bearish to bullish with the July surge in stocks. Basically, the McClellan Oscillator is the 19-day EMA of Net Advances less the 39-day EMA of Net Advances (advances less declines)... Read More 

ChartWatchers

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DOLLAR SELLS OFF AS EURO HOLDS SUPPORT

by John Murphy

It looks like you can throw out most of what I wrote last Friday. I was expecting a deeper market correction after most market indexes broke short-term head and shoulder "necklines" (and daily EMA lines turned negative)... Read More 

ChartWatchers

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BREAKDOWN BECOMES BEAR TRAP

by Carl Swenlin

Last week I presented an alternate scenario to the head and shoulders breakdown and projected decline: "While the bearish case seems strongest at this point, a bullish outcome is not impossible... Read More 

ChartWatchers

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Riding Out the Summer Doldrums

by Richard Rhodes

As the summer doldrums set in, we've seen quite a bit of back and forth in the various capital markets, with prices not moving far from where they were just 2-months prior... Read More 

ChartWatchers

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Semiconductors Continue As Relative Leaders

by Tom Bowley

This first chart really says it all: Semiconductors are trying to break out on a relative basis. They're trying to do it at a time when the major indices are attempting breakouts of their own... Read More 

ChartWatchers

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Majority of Stocks Still Above their 200-day SMAs

by Arthur Hill

It is hard to argue with the bulls when the vast majority of Nasdaq and NYSE stocks are trading above their 200-day SMAs. Over 66% of Nasdaq stocks are trading above their 200-day moving averages, while over 77% of NYSE stocks are trading above their 200-day moving averages... Read More 

ChartWatchers

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Consumer Discretionary Stocks Get Rocked

by Arthur Hill

Non-farm payrolls declined 467,000 for June, which was worse than expected. Stocks took the news hard with a broad based decline on Thursday... Read More 

ChartWatchers

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CORRECTIVE MOVE OR SIGNIFICANT DOWNTREND?

by Tom Bowley

I believe it's the former. Thursday's selloff after the June Employment report was a bit scary, particularly if you're only looking at the magnitude of the point losses. But, in my opinion, no key support levels have been violated... Read More 

ChartWatchers

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TECHNICAL ANALYSIS 101 - PART 10

by Chip Anderson

This is the tenth 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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DEFENSIVE ROTATIONS DURING JUNE

by John Murphy

A sign that investors have turned more negative over the last month is the rotation out of economically-sensitive groups (like consumer discretionary and energy stocks) and into defensive groups (like utilities, consumer staples, and healthcare)... Read More 

ChartWatchers

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GOLDEN CROSS

by Carl Swenlin

About a week ago the S&P 500 50-SMA (simple moving average) crossed up through the 200-SMA. (See chart below.) This is known as a "Golden Cross" because it is interpreted by many as a sign that the market is turning long-term bullish... Read More