ChartWatchers

November 2014

ChartWatchers

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Stalking the Elusive Holiday Consumer with Technical Analysis

by Chip Anderson

Hello Fellow ChartWatchers! I'm going to start with four important announcements and then we'll get into some sector-oriented market analysis: We now have the video of our ChartCon conference from back in August available in our bookstore... Read More 

ChartWatchers

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Wal-Mart Jumps to Record High, Retail ETFs Have Benefited From Plunge in Crude Oil

by John Murphy

Chart 1 shows Wal Mart surging 4% today to break out to a record high. That's a pleasant change for the world's largest retailer which has hardly been a market leaders... Read More 

ChartWatchers

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Earnings Season Delivers

by Tom Bowley

If ever the bulls needed to see some stellar earnings results and/or positive forward guidance, it was about one month ago. From the late September high of 2019 to the mid-October low of 1821, the S&P 500 fell nearly 10% just as earnings season kicked off... Read More 

ChartWatchers

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After Saying Good Buy, Is The Consumer Cyclicals (XLY) Saying Good Bye?

by Greg Schnell

Consumer Discretionary (XLY) is also referred to as Consumer Cyclicals (XLY) . This is the sector we would like to see break out to new highs. This week it did. Who could be not be bullish? Every thing I see on the chart looks so good... Read More 

ChartWatchers

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Stock Indices may be Overbought, But They are by No Means Weak

by Arthur Hill

The stock market is in a clear uptrend, but is short-term overbought after a big run the last four weeks... Read More 

ChartWatchers

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Metal Health

by Erin Swenlin

Forgive me! I couldn't resist that cheesy headline stolen from the Quiet Riot album title. The headline is true, metals had a healthy day, as did other natural resource ETFs... Read More 

ChartWatchers

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Japan Announces Big Jump in Asset Buying

by John Murphy

Japanese authorities surprised everyone on Friday by increasing their already aggressive bond purchases (QE) by a third. In addition, it will expand those purchases to include stocks and real estate investments... Read More 

ChartWatchers

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Is The Latest Breakout A Trick or Treat?

by Tom Bowley

First, let me say Happy Halloween to all! It's an exciting time for many, but especially the children. I know our neighborhood is always buzzing with kids anticipating the sugarfest! :-) Unfortunately, the stock market bears were SPOOKED on Halloween this year... Read More 

ChartWatchers

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Japanese Stimulus Delivers A Sweet New High To US Markets

by Greg Schnell

The continued desire of central banks to stimulate the economy seems to be onto its next round... Read More 

ChartWatchers

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Array of New Highs Reflects Broad Market Strength

by Arthur Hill

Not every index and not every sector recorded a new high this week, but several key indexes recorded new highs and the majority of sectors hit new highs. This shows broad market strength that validates the long-term uptrend in stocks... Read More