Charting Stocks

Louise Yamada is widely regarded as one of the top technical analysts in the business. She was a Managing Director and Head of Technical Research for Smith Barney and was the top-ranked market technician in 2001, 2002, 2003 and 2004.
In November, Louise stressed the importance of the Dow Jones holding the 2002 lows and warned [...]

The Dow Jones Industrial Average breached its November low, closing below 7500 for the first time since October 2002.
In only 18 months, the index has given back all of the gains achieved over the previous 5 years.
The chart below shows the index taking out the 2002 lows, but keep in mind that this is a [...]

Citigroup (C) and Bank of America (BAC) won’t live to see May. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening.
If there’s one thing our readers know, it’s that ChartingStocks.net has made some bold calls in the past which seemed controversial and highly unlikely [...]

No  sign of a bottom! The S&P 500 Index has violated it’s 2002 lows. The financial sector remains in free fall. Hartford Insurance appears to be the next AIG, and Citigroup the next Lehman.
The Dow Jones Industrial Average is coming close to it’s moment of truth, a test of it’s 2002 lows. A breach of [...]

Another brutal day on wall street as the Dow Jones Industrial Average gave up another 223 points to close the day at 8273.  The following chart paints a grim picture as to the internal health of the market. The NYSE New Highs-New Lows ratio shows the number of stocks in the NYSE making new 52 [...]

The stock market continued it’s slide this week with the financial stocks leading the way.
Goldman Sachs, UBS, Citigroup & Merrill Lynch make fresh new lows.

Both Houses of Morgan (JP Morgan & Morgan Stanley) show relative strength while Goldman Sachs and Citigroup look the weakest.

Charting Stocks
April 1, 2006
“All great inflations end with the acceptance of real money—gold—and the rejection of political money—paper. The stage is now set; monetary order is of the utmost importance. Conditions are deteriorating, and the solutions proposed to date have only made things worse. Although the solution is readily available to us, powerful forces whose [...]

January 1, 2007
Charting Stocks 2007 Outlook:
The case for a Stock Market decline in 2007
-Contraction of the manufacturing sector: Usually precedes a recession
-Auto production declining by more than 10%: Usually precedes a recession.
-The collapsing real estate market: Public Home Builders report record cancellations. KB Homes 53% of orders were cancelled in 2006. Pulte Homes 36%, [...]