ChartWatchers

May 2022

ChartWatchers

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The Brutal Summer Ahead Will Favor Health Care

by Tom Bowley

I've been warning all year about this cyclical bear market and, unfortunately, it's not over just yet. Sentiment is turning more and more bearish, which is good, but we haven't seen the peak to mark the market bottom. That will take time and patience... Read More 

ChartWatchers

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What Bear Market? These Stocks Have Great Looking Charts -- With Very Sound Reasons

by Mary Ellen McGonagle

The markets have fallen for seven consecutive weeks, with the S&P 500 having its worst period in over 20 years (which was back when investors were grappling with the dot-com bubble burst)... Read More 

ChartWatchers

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The US is Dragging Stock Markets Around the World Lower

by Julius de Kempenaer

For a bird's eye view of developments in international stock markets, I use a Relative Rotation Graph that shows the rotations for a group of international stock indexes. The RRG below shows the weekly rotation for this group... Read More 

ChartWatchers

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Great Rally But Lacked Conviction

by Carl Swenlin, Erin Swenlin

The following is a complimentary copy of Friday's subscriber-only DP Weekly Wrap. Want this content in your email box every market day? Subscribe to the DP Alert without delay! It was a volatile trading week, with investors breathing a sigh of relief on today's positive close... Read More 

ChartWatchers

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Tech Tries To Thrust

by Greg Schnell

Tech shares have been pounded for the last 6 months after making their highs in November. This week, we saw some significant lows. The Nas-dawg 100 was down 30%. That's not 30% of the gains since 2020 -- that's 30% of the whole price. That is a massive haircut... Read More 

ChartWatchers

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Is There Any Hope for the Beaten Down Stocks?

by John Hopkins

The carnage in the market, which has resulted from the 30% decline in the NASDAQ since its November 22, 2021 high, is going to be remembered for a long time, especially by those who painfully held on to stocks that, in some cases, fell 50% or more from their all-time highs... Read More 

ChartWatchers

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A Key Factor in the Trading Puzzle

by Arthur Hill

The bigger trend is one of the most important factors to consider when trading stocks or ETFs. We can use trend signals as part of a trend-following strategy or to dictate our trading bias. I look for bullish setups and pullback opportunities when the trend is up... Read More 

ChartWatchers

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There's 1 Missing Ingredient for a Market Bottom, and It's The Scariest One of All

by Tom Bowley

As we closed out 2021, I began discussing sentiment and its need for a "reset." We had moved higher for the better part of two years, and the U.S. stock market had picked up a lot of new "post-pandemic" investors and traders... Read More 

ChartWatchers

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Are the Markets Poised to Trade Much Lower? Keep Your Eye on This One Chart

by Mary Ellen McGonagle

It's been an extremely tough period for the markets over the past 2 weeks, with oversold rallies giving way to major selling... Read More 

ChartWatchers

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The Stock Market May be on the Edge of a Cliff, But This Chart Says It May Not Fall Off

by Martin Pring

Chart 1 reflects the fact that some market averages are on the edge of a cliff, in the form of major support trendlines marking the lower edges of potential top formations... Read More 

ChartWatchers

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USD Strength Continues with EUR/USD Arriving at Critical Junction

by Julius de Kempenaer

The Relative Rotation Graph that shows the rotation for currencies against the USD as the base is sending us a very clear picture! USD Strength The graph holds the G10 currencies... Read More