This week, the US 10-year Treasury yield sank to new 52-week lows and sliced through some important support levels. Today, a closely watched yield spread (10-year minus 3-month) turned negative for the first time in over a decade, inverting the front-end of the curve. A yield curve inversion is a bearish signal that occurs when […]
Archives for March 2019
Daily Chart Report ? Thursday, March 21st, 2019
Sponsored By: Today’s Summary Thursday, March 21st, 2019 Indices: US stocks closed higher today, with the Dow Jones Industrial Average rallying 217 points or 0.84%. The Nasdaq led the rest of the major indices for the second day in a row, finishing up 1.42%. Sectors: Technology led, with a gain of 2.42%, while Financials lagged for the second day in a row, falling 0.33%. Commodities: WTI Crude […]
The Three Charts John Roque is Watching
Legendary technician, John Roque made a rare appearance on Bloomberg TV yesterday with host Abigail Doolittle. They discussed interest rates, and why he thinks Chinese stocks will outperform the US. He presents three charts; the Shanghai Composite, the 30-year Treasury bond and the S&P 500, offering some specific things to be mindful of with each. Here’s […]
Daily Chart Report ? Wednesday, March 20th, 2019
Sponsored By: Today’s Summary Wednesday, March 20th, 2019 Indices: US stocks were lower, with the Dow Jones Industrial Average closing down 142 points or 0.55%. The Nasdaq was able to eke out a small gain of 0.07%, while the Russell 2000 continued its recent underperformance closing down 0.76%. Sectors: Communications led, with a gain of 0.90%, while Financials lagged, falling 2.06%. Commodities: WTI Crude Oil futures […]
Does the Golden Cross Really Matter?
Well, it’s that time again. We knew this day would eventually arrive. We also knew that when it did arrive, there would be a plethora of reactions on both sides of the aisle. Today the Dow Jones Industrial Average ($DJIA) saw a “Golden Cross”, which occurs when the 50-day MA crosses above the 200-day MA, two closely-followed […]
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