ChartWatchers

October 2023

ChartWatchers

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Stock Market Indexes Shatter Critical Support Levels. Watch the March Lows.

by Jayanthi Gopalakrishnan

When uncertainty prevails, investors become indecisive, which leads to erratic movements from one day to the next. This is what's happening in the market right now. One day, you think the worst is behind you; the next day, the market sings a different tune... Read More 

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Many Reasons to Love and Hate AMZN Stock

by Karl Montevirgen

If you're feeling a little conflicted on Amazon's (AMZN) near-term prospects and whether to take a bullish or bearish stance, it's probably because of the many reasons—technical and fundamental—to consider either perspective... Read More 

ChartWatchers

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S&P Breaks Below 200-Day Moving Average: It's Going to be a Big Volatile Ride

by Jayanthi Gopalakrishnan

Stock market action in the last few months reflects how quickly investor sentiment can change. Federal Reserve Chairman Powell's comments on Thursday implied that inflation is still high and the US economy continues to be strong... Read More 

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These 3 Stocks Keep Hitting New Highs and Can Still Surge: This Is the Time To Look for an Entry

by Jayanthi Gopalakrishnan

When the stock market turns to the downside, it's discouraging. But not all stocks go down with the market. Running daily scans can help you identify some gems. Here are three stocks that have hit all-time highs in a market struggling to decide which way to go... Read More 

ChartWatchers

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Stock Market Weekly Update: 3 Valuable Points You Need To Know About the Selloff

by Jayanthi Gopalakrishnan

It's been a challenging week—geopolitical worries, no Speaker in the House of Representatives, hotter-than-expected inflation data—which means the stock market will likely continue its choppy movement... Read More 

ChartWatchers

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The Best Cybersecurity Stocks Showing Profitable Investment Opportunities

by Karl Montevirgen

Cybersecurity companies occupy a unique space. It can never end or stand still. It can only escalate and transform. And given the increase in spyware attacks, the necessity for cybersecurity will increase... Read More 

ChartWatchers

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Stock Market Ends Week on Positive Note; Market Internals May Be Turning Bullish

by Jayanthi Gopalakrishnan

September's strong labor market—336,000 jobs added—initially shocked investors. Treasury yields and the US Dollar Index ($USD) spiked higher, while equity futures dropped. But a comeback attempt was in play... Read More 

ChartWatchers

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10-Year Yield Spike Doesn't Mean Stock Market Will Plummet; You Need to See This Powerful Chart

by Jayanthi Gopalakrishnan, Karl Montevirgen

The stock market plunged on Tuesday, with the Dow Jones Industrial Average ($INDU), S&P 500 ($SPX), and Nasdaq Composite falling over 1% at the close. There are few different possible reasons for this. One could be the August Job Openings and Labor Turnover Survey (JOLTS) report... Read More