ChartWatchers

September 2021

ChartWatchers

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A Hundred Large Cap Stocks are in a Bear Market - And Wall Street is Looking for 35 of Them to Soar

by Mary Ellen McGonagle

While the S&P 500 and the Nasdaq 100 (QQQ) are in striking distance of their early September highs in price, over 20% of the Large Cap stocks within these Indices are in a bear market.* That is to say, they're down at least 20% from their 52-week highs... Read More 

ChartWatchers

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Three Climax Days This Week That Were Right On

by Carl Swenlin, Erin Swenlin

Climax analysis is something unique to DecisionPoint and we've found that "climax days" are highly accurate in determining market bottoms and tops in the very short term... Read More 

ChartWatchers

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Breaking Down the Financials Sector on RRG

by Julius de Kempenaer

On the Relative Rotation Graph for sectors, the Financials sector, XLF, is positioned inside the lagging quadrant and heading upwards to the improving quadrant. The sector is gaining on the vertical JdK RS-Momentum axis, but not so much (yet) on the horizontal Jdk RS-Ratio axis... Read More 

ChartWatchers

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This Sector Is Turning The Bullish Corner; Higher Prices Ahead

by Tom Bowley

As you probably know, my background is in public accounting. I practiced as a CPA for two decades prior to turning my full attention to technical analysis... Read More 

ChartWatchers

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Profiting on Stocks After Earnings

by John Hopkins

On September 9, Affirm Holdings (AFRM) reported its earnings results after the bell. The market liked what they heard and saw, with the stock climbing a nifty 37.5% from the prior day's close to the high the day after the numbers were released... Read More 

ChartWatchers

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Walking Blind Into An Energy Crisis

by Greg Schnell

A theme is emerging in the energy space. Oddly, it is not a theme focused on green energy. At this point, it appears to be a theme focused on the energy squeeze that is right before us. This worldwide issue appears to be coming to a head... Read More 

ChartWatchers

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AAII Percent Bears Surges, but Excessive Sentiment is not a Two-Way Street

by Arthur Hill

The AAII indicators are making waves this week so I will cover two charts. AAII percent bears surged to 39.3% and percent bulls dropped to 22.40%. As a result, net bull-bear percentage plunged to -16.90%, the first negative reading since September 2020... Read More 

ChartWatchers

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The Markets are Weakening... Here's A System That Will Help You Prepare

by Mary Ellen McGonagle

The S&P 500 posted its worst week since February, with every sector ending in the red. The move points to investor concerns about volatility as we head into the typically difficult fall period... Read More 

ChartWatchers

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Nine Country ETFs That are Starting to Emerge

by Martin Pring

Chart 1 shows that the US stock market is in a long-term uptrend relative to the rest of the world. The upper window compares the S&P to the Vanguard All-World ex-US ETF and indicates a recent breakout from a consolidation reverse head-and-shoulders... Read More 

ChartWatchers

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An International Perspective on (Stock) Markets From RRG

by Julius de Kempenaer

With the SPY/SPX chart sending curveballs, sector rotation on Relative Rotation Graphs is sending conflicting signals. With breadth continuing to deteriorate as the S&P continues to creep higher, getting a handle on the markets is not getting any easier... Read More 

ChartWatchers

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What You Need to Know About September Weakness

by Tom Bowley

Congratulations! We've made it through the first 10 days of September mostly unscathed. At the time of this writing, the S&P 500 is down slightly more than 0.50% month-to-date... Read More 

ChartWatchers

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Catch More of These Stunning Returns!

by Greg Schnell

Tech gets all the press these days, as the Energy sector is so small in the SPX weighting. However, it is the second-best sector to produce some of the stunning returns year-to-date... Read More 

ChartWatchers

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How to Profit from Strong Earnings Reports While Reducing Risk

by John Hopkins

For a very long time, I have avoided holding stocks that I own into an earnings report. I should explain that I am more of a short-term trader, so I don't like the risk that goes along with holding a stock when they are about to report... Read More 

ChartWatchers

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New Trend Signal for a Former High Flyer

by Arthur Hill

Today's commentary will start with price chart analysis for a clean energy ETF, which once led the market with triple digit gains. After a corrective period, it appears that this high flying ETF and a few of its brethren are turning up again with recent trend signals... Read More