Members Only

MEMBERS ONLY

THE ONLY STOCK FUNDS GOING UP ARE BEAR FUNDS -- THE VIX IS ALSO RISING -- THE DOLLAR CONTINUES TO RISE ON SAFE HAVEN BUYING -- RUSSELL 2000 SMALL CAP INDEX BREAKS NOVEMBER LOW -- THE NASDAQ MAY BE NEXT -- TREASURY BONDS BOUNCE

by John Murphy,

Chief Technical Analyst, StockCharts.com

INVERSE ETFS ARE RISING ... Rather than showing you pictures of falling stock indexes, I'm going to show you charts of stock indexes that are rising. That would of course be inverse (or bear) ETFs. These inverse funds are designed to trade in the opposite direction of their respective...   READ MORE 

MEMBERS ONLY

GLOBAL STOCKS UNDERCUT NOVEMBER LOWS -- MORE 2002 LOWS ARE BEING THREATENED -- BONDS AND THE DOLLAR ARE ONLY WINNERS -- COMMODIITES REMAIN WEAK

by John Murphy,

Chief Technical Analyst, StockCharts.com

NOWHERE TO HIDE... Another massive loss by AIG and problems at HSBC, which is Europe's biggest bank, have helped send global stocks sharply lower today. The heavy selling started in Asia before spreading to Europe and the U.S. The Dow and S&P 500 broke their...   READ MORE 

MEMBERS ONLY

WEAK ECONOMIC NUMBERS PUSH MARKET BACK NEAR 2002 LOWS -- DOWNSIDE TARGETS FOR THE DOW AND S&P IF THOSE LOWS ARE BROKEN

by John Murphy,

Chief Technical Analyst, StockCharts.com

WEAK ECONOMIC NUMBERS PUSH STOCKS LOWER... The Dow Industrials and the S&P 500 closed at the lowest level in twelve years on Monday. I cautioned, however, that the most important close of the week would take place on Friday. That's because today is the last trading...   READ MORE 

MEMBERS ONLY

WEAKNESS SPREADS TO OTHER SECTORS - HEALTHCARE SPDR BREAKS JANUARY LOW -- TECH SPDR BATTLES SUPPORT -- ENERGY SPDR TESTS 2008 LOWS -- UTILITIES SPDR BREAKS NOVEMBER LOW

by John Murphy,

Chief Technical Analyst, StockCharts.com

SECTOR LEADERS SUCCUMB TO THE BEAR... Today's Market Message was written by Arthur Hill. - Editor There are not many places to hide in this market. Richard Russell, of Dow Theory Letters, used to say: "In a bear market, everyone loses, and the winner is the one...   READ MORE 

MEMBERS ONLY

BONDS COME UNDER PRESSURE -- INTEREST RATES RISE -- SHORT-TERM RATES REFLECT UNCERTAINTY

by John Murphy,

Chief Technical Analyst, StockCharts.com

BONDS MOVER LOWER ... Today's Market Message was written by Arthur Hill. - Editor Bonds are coming under pressure from the prospect of increasing supply. The bailouts and stimulus package will require the government to raise large amounts of money through bond auctions (sales). Today, the government is set...   READ MORE 

MEMBERS ONLY

QQQQ RALLIES BACK -- YEN ETF CONFIRMS DOUBLE TOP -- NIKKEI TESTS OCTOBER LOW -- OIL SURGES FROM OVERSOLD LEVELS -- XLE AND OIH FAIL TO FOLLOW OIL HIGHER

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS RECOVER FROM LOWS... Today's Market Message was written by Arthur Hill. - Editor Stocks dipped sharply lower in early trading, but staged a tech-led comeback in the afternoon. Nothing has changed on the daily charts, but I did notice a couple of interesting patterns on the intraday...   READ MORE 

MEMBERS ONLY

UPSIDE VOLUME FAILS TO IMPRESS -- SPY REMAINS WITH SUPPORT BREAK -- QQQQ HOLDS DOWN GAP -- IWM AND DIA FORM HARAMI

by John Murphy,

Chief Technical Analyst, StockCharts.com

SPY TESTS NOVEMBER LOW... Today's Market Message was written by Arthur Hill. - Editor The stock market surged on Tuesday with the Nasdaq 100 ETF (QQQQ) and S&P 500 ETF (SPY) both gaining over 3.5%. This is an impressive gain when viewed as a single...   READ MORE 

MEMBERS ONLY

GOLD IS BACKING OFF FROM 1,000 AS GOLD STOCKS FALL BELOW 200-DAY AVERAGE -- GOLD GIVES FIRST SHORT-TERM SELL SIGNAL IN MORE THAN A MONTH

by John Murphy,

Chief Technical Analyst, StockCharts.com

GOLD STOCKS BACK BELOW 200-DAY AVERAGE... Gold stocks are coming under new selling pressure. Chart 1 shows the Market Vectors Gold Miners ETF (GDX) trading back below its 200-day moving average today. Part of that selling is coming from the two biggest gold stocks. Chart 2 shows Barrick Gold tumbling...   READ MORE 

MEMBERS ONLY

DOW AND S&P 500 CLOSE BELOW 2002 BOTTOM -- TREASURY BONDS BOUNCE ALONG WITH THE DOLLAR -- GOLD HOLDS FIRM -- A RISING VIX IS ANOTHER WARNING SIGNAL FOR STOCKS

by John Murphy,

Chief Technical Analyst, StockCharts.com

2002 LOWS UNDER PRESSURE ... Price declines in excess of 3% pushed the Dow and S&P 500 to the lowest closing price in twelve years. The monthly bars in Charts 1 and 2 show those two indexes closing under the previous bear market low formed in the fourth quarter...   READ MORE 

MEMBERS ONLY

A LOT OF MARKETS ARE AT CRITICAL CHART JUNCTURES -- GOLD REACHES $1,000 TARGET WHILE DOLLAR PULLS BACK FROM ITS NOVEMBER HIGH -- MAJOR MARKET INDEXES ARE TESTING THEIR NOVEMBER LOW AND THEIR 2002 BOTTOM

by John Murphy,

Chief Technical Analyst, StockCharts.com

GOLD TOUCHES $1000 FOR FIRST TIME IN A YEAR... A number of financial markets are testing important chart points. Let's start with gold. Bullion touched $1,000 today for the first time since last March. Chart 1 shows the streetTracks Gold Trust (GLD) very close to touching its...   READ MORE 

MEMBERS ONLY

DOW BREAKS NOVEMBER LOW -- FINANCIALS LEAD LOWER -- SHAREHOLDERS BAILOUT OF CITIGROUP -- GE TRADES LIKE A BIG BANK -- DOW STOCKS UNDER $10 -- MACD TURNS BEARISH FOR THE NASDAQ -- EUROSTOXX ETF TESTS SUPPORT ZONE

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW CLOSES BELOW NOVEMBER LOW... Today's Market Message was written by Arthur Hill. - Editor As noted yesterday, a close below 7552.29 in the Dow Industrials would confirm a Dow Theory sell signal. The Dow Transports already did its part with a close below the November (closing)...   READ MORE 

MEMBERS ONLY

DOW INDUSTRIALS TESTS NOVEMBER LOW -- DOW TRANSPORTS BREAKS NOVEMBER LOW -- MARKET BREADTH DETERIORATES -- VIX AND VXN BREAK ABOVE 50-DAY LINES -- A NEW VOLATILITY BASED ETN -- MOSAIC AND POTASH FORM RISING WEDGES -- MONSANTO TESTS SUPPORT

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW THEORY REMAINS BEARISH... Today's Market Message was written by Arthur Hill. - Editor Dow Theory remains on a sell signal as the Dow Transports broke below its late November low. Before moving on to the charts, let's review some Dow Theory basics. A Dow Theory...   READ MORE 

MEMBERS ONLY

PLAYING DEFENSE WITH THE SECTOR ROTATION MODEL -- THE NEW GOLD STANDARD -- FINANCIAL SPDR HITS NEW LOW AND LEADS MARKET LOWER -- S&P HITS THREE-MONTH LOW -- BONDS BOUNCE AS STOCKS WEAKEN -- GOLD AND SILVER SURGE -- WATCH MY BLOOMBERG INTERVIEW HERE

by John Murphy,

Chief Technical Analyst, StockCharts.com

SECTOR ROTATION MODEL ... One of our readers asked for more information on the Sector Rotation Model shown below. [This version can be found under the AMEX SPDRs part of the Performance Charts]. The model shows which sectors tend to lead at various stages of the business cycle. In my new...   READ MORE 

MEMBERS ONLY

GLOBAL STOCKS WEAKEN -- THE DOW AND S&P 500 REACH LOWEST LEVELS SINCE NOVEMBER -- GOLD AND THE DOLLAR JUMP SHARPLY AS FOREIGN CURRENCIES TUMBLE -- BONDS RISE AS STOCKS FALL

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS FALL SHARPLY... Stocks are falling sharply all over the world. Most foreign markets fell on Monday when our markets were closed and continued their fall today. Our market is just following along. On Friday, I showed a point & figure chart of the S&P 500 on a...   READ MORE 

MEMBERS ONLY

LOW PUT/CALL RATIO IS A POTENTIALLY NEGATIVE SIGN FOR THE STOCK MARKET -- POINT & FIGURE CHARTS OF THE MAJOR MARKET INDEXES -- THE SECOND EDITION OF THE VISUAL INVESTOR IS MY NEWEST AND MY FAVORITE BOOK -- I'LL BE ON BLOOMBERG TONIGHT AT 5:10 NYT

by John Murphy,

Chief Technical Analyst, StockCharts.com

LOW PUT-CALL RATIO IS NEGATIVE SIGN ... One of things that worries me about the current market is the unusually low reading in the CBOE Put/Call Ratio (CPC). The red line in Chart 1 is a 5-day moving average of the CPC which smooths out its daily trend. The put/...   READ MORE 

MEMBERS ONLY

STOCKS RECOVER IN FINAL HOUR -- XLF FORMS HAMMER -- RKH TRACES OUT DRAGON FLY DOJI -- RETAIL HOLDERS FAILS AT 50-DAY -- KOHLS GAPS DOWN -- TIFFANY DECLINES ON HIGH VOLUME -- WAL-MART HITS RESISTANCE

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS STAGE LATE RECOVERY... Today's Market Message was written by Arthur Hill. - Editor Stocks were down sharply in afternoon trading, but news of a mortgage relief program sparked a dramatic rally in the final hour. The Nasdaq (+.73%) and the Nasdaq 100 (+1.28%) led the recovery...   READ MORE 

MEMBERS ONLY

DOW LEADS MARKET LOWER - VIX REMAINS AT HIGH LEVELS -- VOLATILITY INDICES CONSOLIDATE

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW BREAKS TO NEW LOWS... Today's Market Message was written by Arthur Hill. - Editor With a sharp decline in early trading on Thursday, the Dow Industrials broke below the January-February lows. Chart 1 shows the Dow Industrials trading at its lowest level of the year today. In...   READ MORE 

MEMBERS ONLY

STOCKS FIRM AFTER SHARP DECLINE -- SPY AND IWM REMAIN WITHIN CONSOLIDATIONS -- QQQQ SHOWS GAIN FOR 2009 -- TWO KEY FINANCIAL ETFS FORM INSIDE DAYS

by John Murphy,

Chief Technical Analyst, StockCharts.com

LARGE TRIANGLES CONTINUE TO EVOLVE... Today's Market Message was written by Arthur Hill. - Editor Last week I featured a chart of the S&P 500 ETF (SPY) with a rather large triangle over the last few months. Chart 1 shows this pattern still at work with...   READ MORE 

MEMBERS ONLY

BONDS SURGE ON BAILOUT CONCERNS -- LONG-TERM RATES HIT RESISTANCE - GOLD EXTENDS ITS GAINS AND COVERAGE -- USING SHORT-TERM RSI TO IDENTIFY PULLBACKS

by John Murphy,

Chief Technical Analyst, StockCharts.com

BONDS EXTEND ADVANCE... Today's Market Message was written by Arthur Hill. - Editor As John Murphy noted, there was a flight to safety as money charged into gold, bonds and the Dollar on Tuesday. Bonds and gold added to their gains with another surge early Wednesday. The rise...   READ MORE 

MEMBERS ONLY

STOCKS FALL IN HEAVY TRADING ON BAILOUT PLAN -- DROP IN EURO PUSHES DOLLAR HIGHER AND MOST COMMODITIES LOWER -- GOLD AND THE YEN CONTINUE TO ATTRACT SAFE HAVEN MONEY

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS FALL IN HEAVY TRADING ... The stock market reacted badly to release of the latest bailout plan. All of the major market indexes lost more than 4%. Charts 1 and 2 show the Dow Diamonds and the S&P 500 SPDRs falling in heavy trading. Both indexes met resistance...   READ MORE 

MEMBERS ONLY

STOCKS SELL OFF ON BAILOUT PACKAGE AS FINANCIALS LEAD DECLINE -- BONDS AND GOLD BOUNCE IN SAVE HAVEN BID -- GLD AND BARRICK GOLD CHALLENGE AUTUMN HIGHS

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS FALL IN HEAVY TRADING ... Stocks have sold off in heavy trading after details of the new bailout plan were released. The hourly bars in Chart 1 show the S&P 500 SPDRS tumbling more than 3% in heavy trading. It's important to note that the recent...   READ MORE 

MEMBERS ONLY

DAILY AND WEEKLY MACD LINES ARE HELPING TO SUPPORT STOCKS WHICH END WEEK ON A POSITIVE NOTE -- SIGNS OF BUYING IN FINANCIALS AND HOMEBUILDERS ARE ALSO AN ENCOURAGING SIGN

by John Murphy,

Chief Technical Analyst, StockCharts.com

MACD LINES SHOW SOME PROMISE ... Another reader complained this week that we failed to point out the "negative divergence" in the daily MACD lines during January prior to the latest downturn. The reason I didn't point it out was because none existed. In fact, it may...   READ MORE 

MEMBERS ONLY

THREE ACTIONABLE IDEAS THAT I'VE WRITTEN ABOUT IN THE NEW YEAR INCLUDE GOLD, CORPORATE BONDS AND TIPS, AND HEALTHCARE STOCKS --

by John Murphy,

Chief Technical Analyst, StockCharts.com

GOLD IS RISING AGAINST ALL CURRENCIES... One of our readers complained to me this week that we haven't provided any actionable ideas since the start of the new year. How about gold? We've written a number of positive articles on that commodity over the past couple...   READ MORE 

MEMBERS ONLY

STOCKS STAGE RECOVERY ON EXPANDING VOLUME -- OIL SERVICES AND SEMIS LEAD ADVANCE

by John Murphy,

Chief Technical Analyst, StockCharts.com

NASDAQ SURGES OVER 2%... Today's Market Message was written by Arthur Hill. - Editor It was a wild day on Wall Street as stocks opened weak and then staged an impressive advance with above average volume. Chart 1 shows the Nasdaq with a long white candlestick that closed...   READ MORE 

MEMBERS ONLY

GOLD SURGES AND TURNS VOLATILE -- EURO REMAINS WEAK OVERALL -- TIPS AND GOLD MOVE IN TANDEM -- RISING INTEREST RATES BOOST THE DOLLAR -- STRONG DOLLAR KEEPS OIL IN CHECK - INTERMARKET PICTURE SINCE MID DECEMBER

by John Murphy,

Chief Technical Analyst, StockCharts.com

GOLD AND THE EURO DIVERGE ... Today's Market Message was written by Arthur Hill. - Editor Contrary to historical tendencies, gold and the Euro appear to be going their separate ways. There has historically been a negative correlation between the U.S. Dollar and gold. The Dollar advances as...   READ MORE 

MEMBERS ONLY

SPY CONTINUES THE BIG STALL -- QQQQ SHOWS RELATIVE STRENGTH -- SEMIS LEAD THE TECH SECTOR HIGHER -- TXN SURGES ON GOOD VOLUME -- INTEL SURGES ON LACKLUSTER VOLUME -- DOW TRANSPORTS LAG -- DOW UTILITIES LEAD

by John Murphy,

Chief Technical Analyst, StockCharts.com

SPY REMAINS RANGE BOUND... Today's Market Message was written by Arthur Hill. - Editor Indecision continues to grip the stock market as the S&P 500 ETF (SPY) trades within a tightening range. Chart 1 shows SPY trading on either side of 85 since 10-Oct (blue dotted...   READ MORE 

MEMBERS ONLY

A NUMBER OF HEALTHCARE STOCKS CONTINUE TO TRADE ABOVE THEIR 200-DAY AVERAGES -- NEW ADDITIONS INCLUDE ABBOTT LABS, GILEAD AND MEDCO HEALTH SOLUTIONS

by John Murphy,

Chief Technical Analyst, StockCharts.com

HEALTHCARE GIVES MARKET A BOOST ... On January 27, I wrote about upside leadership coming from healthcare stocks, and suggested that more of that could provide some support for the rest of the market. That's certainly the case today. Better than expected earnings from Merck and Schering Plough are...   READ MORE 

MEMBERS ONLY

STOCKS HAVE WORST JANUARY IN HISTORY -- CORPORATE BONDS GAIN GROUND AS TREASURIES DROP -- GOLD CONTINUES TO SHINE

by John Murphy,

Chief Technical Analyst, StockCharts.com

GOING FOR THE GOLD ... With stocks falling again this week, and Treasury bond prices tumbling, investors turned to gold as a safe haven. Chart 1 shows bullion closing jumping $22 on Friday to end at $928 which puts it right up against its October intra-day peak at $936. On a...   READ MORE 

MEMBERS ONLY

LACKLUSTER VOLUME -- NASDAQ AND NY COMPOSITE BREAK FLAG RESISTANCE -- FED STATEMENT WEIGHS ON BONDS -- DOLLAR FIRMS AS RATES RISE -- GOLD RISES ALONG WITH THE DOLLAR

by John Murphy,

Chief Technical Analyst, StockCharts.com

VOLUME FAILS TO INSPIRE... Today's Market Message was written by Arthur Hill. - Editor Despite a big advance on Wednesday, Nasdaq and NYSE volume levels were uninspiring. Chart 1 shows the Nasdaq surging 3.55% with average volume. Chart 2 shows the NY Composite surging 3.5% with...   READ MORE 

MEMBERS ONLY

FINANCIALS SURGE ON BAD BANK IDEA -- XLF AND RKH GAP HIGHER -- CITIGROUP, BANK OF AMERICA AND WELLS SURGE - BROKERS OUTPERFORMING BANKS - POINT & FIGURE SETTINGS -- TARGETS AND REVERSAL MARKERS FOR SPX AND NDX

by John Murphy,

Chief Technical Analyst, StockCharts.com

FINANCIALS LEAD BROAD MARKET ADVANCE... Today's Market Message was written by Arthur Hill. - Editor In early trading on Wednesday, financial stocks led the market higher as investors embraced the "bad bank" idea. Bloomberg reported that President Obama was nearing a deal to create a bad...   READ MORE 

MEMBERS ONLY

GOLD STILL HAS MORE RESISTANCE BARRIERS TO OVERCOME -- WHY GOLD CAN BE A DEFLATION HEDGE -- GOLD STRENGTH HINTS AT DOLLAR WEAKNESS

by John Murphy,

Chief Technical Analyst, StockCharts.com

GOLD STILL HAS MORE BARRIERS TO OVERCOME... I've gotten a lot of questions about the recent upturn in gold. I'll try to answer some of them here. I wrote on Friday that gold had "broken out" to a three-month high and had exceeded its...   READ MORE 

MEMBERS ONLY

HEALTHCARE IS TOP DEFENSIVE SECTOR -- LEADERS INCLUDE BRISTOL MYERS SQUIBB, SCHERING PLOUGH, UNITEDHEALTH, AND MYLAN LABS -- MCKESSON AND ST JUDE MEDICAL GAP HIGHER -- HEALTHCARE SPDR NEARS TEST OF JANUARY HIGH

by John Murphy,

Chief Technical Analyst, StockCharts.com

HEATLHCARE RS LINE HITS NEW HIGH ... Over the last year, the three top performing market sectors have been consumer staples, healthcare, and utilities (in that order). Although all three have lost money, they've lost a lost less than the market as a whole. That's perfectly normal...   READ MORE 

MEMBERS ONLY

GOING FOR THE GOLD -- BULLION BREAKS OUT -- BARRICK AND NEWMONT EXCEED 200-DAY AVERAGES -- TIPS GAIN GROUND ON TREASURY BONDS -- MCCELLAN OSCILLATOR TURNS NEGATIVE

by John Murphy,

Chief Technical Analyst, StockCharts.com

GOLD HITS THREE MONTH HIGH ... The gold market is starting to attract a lot of attention and money. Chart 1 shows the streetTracks Gold Trust ETF (GLD) jumping $36 dollars today. In so doing, it has decisively cleared the falling resistance drawn over the July/October highs. And it did...   READ MORE 

MEMBERS ONLY

VOLATILITY REIGNS SUPREME -- DOW BATTLES SUPPORT AT 8000 -- USING STOCHRSI TO IDENTIFY THE SWINGS -- AN INVERSE HEAD-AND-SHOULDERS FOR DIA? -- BONDS FALL SHARPY

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW CONTINUES ITS SWINGING WAYS... Today's Market Message was written by Arthur Hill. - Editor Chart 1 shows the Dow Industrials since early October. Despite a number of big swings the last few months, the average is currently trading near the October lows. Essentially, the Dow has gone...   READ MORE 

MEMBERS ONLY

DOWNSIDE BREADTH STRONGER THAN UPSIDE BREADTH -- NEW 52-WEEK LOWS STILL OUTPACING NEW 52-WEEK HIGHS -- VOLUME LEVELS REMAIN UNINSPIRING

by John Murphy,

Chief Technical Analyst, StockCharts.com

BREADTH LAGS ON BOUNCE ... Today's Market Message was written by Arthur Hill. - Editor The stock market surged on Wednesday, but a look under the hood shows lagging breadth and uninspiring volume. Before getting into the analysis, let's review some key breadth indicators. Charts 1 and...   READ MORE 

MEMBERS ONLY

SPY AND QQQQ FORM HARAMI PATTERNS -- FINANCIALS LEAD RECOVERY BOUNCE -- SURGING OIL BOOSTS XLE AND OIH -- MARKET CARPET SEES RED IN 2009 -- CONSUMER STAPLES SECTOR SHOWS RELATIVE STRENGTH

by John Murphy,

Chief Technical Analyst, StockCharts.com

SPY AND QQQQ FORM INSIDE DAYS ... Today's Market Message was written by Arthur Hill. - Editor After a long black candlestick and sharp decline on Tuesday, the S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQQ) formed inside days on Wednesday. Taken together, the candlesticks of...   READ MORE 

MEMBERS ONLY

STOCKS SUFFER WORST INAUGURATION DAY DROP IN HISTORY -- A RETEST OF NOVEMBER LOWS APPEARS LIKELY

by John Murphy,

Chief Technical Analyst, StockCharts.com

NYSE INDEX LOSES 6% ON RISING VOLUME... According to Bloomberg, today's stock drop was the biggest loss in inauguration day history. Chart 1 shows the NYSE Composite Index losing 6% and ending at the lowest close since early December (as did all of the other major stock indexes)...   READ MORE 

MEMBERS ONLY

PLUNGE IN BANK SHARES PULLS REST OF THE MARKET LOWER -- TODAY'S ONLY WINNERS ARE THE DOLLAR, YEN, AND GOLD -- A RISING VIX IS SOMETHING ELSE FOR STOCKS TO WORRY ABOUT

by John Murphy,

Chief Technical Analyst, StockCharts.com

BANKS PLUNGE TO NEW LOWS... The plunge in European bank shares on Monday spilled over to U.S. trading today. Chart 1 shows the PHLX Bank Index falling near 15% to a new low. Financials and consumer discretionary are among the day's biggest losers. Other big losers include...   READ MORE 

MEMBERS ONLY

EUROPEAN MARKETS FALL ON MONDAY ALONG WITH US STOCK FUTURES -- INTERMARKET RELATIONSHIPS STILL PAINT A NEGATIVE PICTURE FOR STOCKS AND COMMODITIES AS A RISING DOLLAR HURTS BOTH -- CORPORATE BONDS PLAY CATCH-UP

by John Murphy,

Chief Technical Analyst, StockCharts.com

EUROPEAN MARKETS FALL ... Although U.S. markets are closed for the Martin Luther King holiday, foreign markets are open. And, unfortunately, most of them are dropping. That includes Brazil, Canada, and Europe. Stocks fell in all 18 western European markets. A catalyst for European weakness was a 67% plunge in...   READ MORE 

MEMBERS ONLY

BEWARE OF SHORT-TERM WHIPSAWS -- USE LONG-TERM CHARTS TO FILTER DAILY SIGNALS -- MORE BOND ETFS ARE BOUNCING

by John Murphy,

Chief Technical Analyst, StockCharts.com

OTHER BOND CATEGORIES ARE BOUNCING... I recently wrote about how investment grade corporate bonds were starting to gain some ground on Treasury bonds. Today, I'm adding two other bond categories to that list. The flat line in Chart 1 is the 20+Year Treasury Bond iShares (TLT) which...   READ MORE