How Do I Rearrange the Charts in My ChartList to the Order I Want to Use?
Charts in a ChartList are arranged in alphabetic order based on their description. To change the order, insert a "code" at the front of each chart's description using numbers or letters. For this example, we are using "001", "002", "003", etc as the coding scheme. Open the List You Want to Rearrange in Edit Mode...
QQQ Forms Long Legged Doji
QQQ opened flat, surged, dipped and then recovered to close basically unchanged on the day. As a result, the ETF formed a long legged doji, which shows indecision on the day....
Is the Ultimate reversal trade finally here?
OK which one am I talking about? THe Nat gas trade or the long bond trade? Well, it's the long bond trade. Here is a picture of the daily zoomed in on the latest time period. So this is clearly a breakout. Again, how can we trade it? Well, we...
COMPLACENCY SCREAMS "GET OUT" SHORT-TERM
Ok, I'll admit I'm being a little dramatic. But everyone should know how I feel about my favorite sentiment indicator - Relative Complacency/Pessimism. One month ago as the market was dropping, I wrote about how relative pessimism was building and how that could limit the downside action. Well, today the reverse is true. On Thursday,...
DIGGING DEEPER INTO ELDER’S IMPULSE SYSTEM
Hello Fellow ChartWatchers! Early last year, we added Dr. Alexander Elder's Impulse System to our SharpCharts charting package and it has proven to be quite popular. This is the system that colors the price bars red, green or blue depending on two criteria that Elder feels are very important: 1.) Is the 13-day exponential moving...
REGISTER FOR CHARTCON NOW TO GET EARLY-BIRD DISCOUNT
CHARTCON EARLY REGISTRATION DEADLINE FAST APPROACHING - Join us in Seattle this August for our second annual ChartCon conference. Two days of presentations by John Murphy, Arthur Hill, Tom Bowley, Richard Rhodes and Carl Swenlin - basically all of the ChartWatchers columnists! Last year's convention was a huge hit with everyone that attended - don't...
S&P 500 AND NASDAQ CLEAR FOURTH QUARTER RESISTANCE
The U.S. stock market continues to lead the rest of the world higher. Charts 1 and 2 show the S&P 500 and Nasdaq Composite Indexes clearing their fourth quarter highs, which puts them in position to challenge the highs formed last summer and spring. The S&P is also clearing a eight-month down trendline (see circle)....
METALS STILL BULLISH
Since the beginning of the year, we've seen both Gold ($GOLD) and her sister metal Silver ($SILVER) rally; but we've seen Gold under-perform during this rally. This is exactly what should take place in a metals bull market. But that said, the Gold/Silver Ratio remains at a very critical area in our opinion, for up...
HOUSING RECOVERY?
The market rally on Wednesday was driven in part by a surge in housing stocks, which was triggered by a favorable housing report. Since the fundamentals of the housing market are not too thrilling, regardless of short-term gains, my curiosity was piqued and I pulled up some charts. The daily chart of the Dow Jones...
Treasury Yields Surge ahead of Fed Meeting
The FOMC meets next Tuesday-Wednesday and will make its policy statement Wednesday afternoon. With stocks surging and recent economic reports buoyant, the bond market may be looking ahead to this meeting with trepidation. The first chart shows the 10-year Treasury Yield ($TNX) rising sharply the last three day. Treasury bonds rise when treasury yields falls....
Looking for trouble? Chart trouble that is….
Today, Let me present a simple chart of the $SPX from February 1 to August 1,2011. Then let's use the logic for the TSX. Then we'll take it back to the SP500. If we narrow down a chart to a specific time period which marks the top of the market...
DJ Ireland Index Breaks 2011 Highs
While the German DAX Index ($DAX) and the French CAC Index ($CAC) languish well below their 2011 highs, the DJ Ireland Index ($IEDOW) shows strength with a break above its highs....
