Earlier this week, Charlie Bilello put out this tweet, comparing the recent “V” bottom off the December lows to previous corrections and bear markets: As we can, if the current rally kept on this same projectory, it would wind up as one of the quickest recoveries from a “bear market” over the last 90 years. The […]
Archives for February 2019
Two Leaders Rolling Over on Daily RRG
Julius de Kempenaer, the investor of Relative Rotation Graphs, has pointed out an interesting developments on the Daily and Weekly RRGs. I, for one, am a huge fan of RRGs and they’re something I monitor on a constant basis. In regards to the shorter-term Daily RRG, Julius points out to two Sectors which have been […]
Daily Chart Report ?Wednesday, February 20th, 2019
Sponsored By: Today’s Summary Wednesday, February 20th, 2019 US stocks were slightly higher in today’s session, with the Dow Jones Industrial Average closing up 63 points or 0.24%. The Nasdaq was relatively unchanged, closing down just 0.05% As for the sectors of the S&P 500, Materials were the leader for the second day in a row and […]
Copper is Trying to Breakout
Copper is currently testing a key resistance level. It’s up nearly 10% so far in 2019. Today, it closed at its highest level in 7-months. Copper is an important industrial metal used in construction, electrical equipment, machinery and more. Because of its numerous industrial applications, it can serve as a barometer for global growth and […]
Daily Chart Report ?Tuesday, February 19th, 2019
Sponsored By: Today’s Summary Tuesday, February 19h, 2019 US stocks inched higher in today’s session, with the Dow Jones Industrial Average closing higher by just 8 points or 0.03%. The small-cap Russell 2000 index was the strongest among the major US indices finishing up 0.33%. As for the sectors of the S&P 500, Materials were the […]
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