Sponsored By: Today’s Summary Tuesday, June 25th, 2019 Indices: US stocks were lower in today’s session with the Dow Jones Industrial Average falling 179 points or 0.67%. The Nasdaq underperformed the rest of the major indices falling 1.51%. Sectors: Materials led for the second day in a row and were the only sector to close positive, but just by 0.04%. Communications lagged, falling 1.84%. Commodities: WTI […]
Archives for June 2019
Chart of the Day – Tuesday, June 25th, 2019
Today’s chart of the day was shared on Twitter by Andrew Thrasher (@AndrewThrasher). It’s a daily candlestick chart of the S&P 500 index with an RSI, and On Balance Volume indicator on top. The chart highlights the failed breakout that he’s seeing in the S&P 500. A failed breakout occurs when price breaks out from […]
Daily Chart Report ? Monday, June 24th, 2019
Sponsored By: Today’s Summary Monday, June 24th, 2019 Indices: US stocks were mixed today with the Dow Jones Industrial Average gaining just 8 points or 0.03%. The rest of the major indices finished negative, with the Russell 2000 falling the hardest, down 1.26%. Sectors: Materials led, gaining 0.42%. Energy lagged, falling 0.91%. Commodities: WTI Crude Oil futures were higher by 0.64% to settle at $57.80. Gold futures […]
Chart of the Day – Monday, June 24th, 2019
Today’s chart of the day was shared on Twitter by Tarek Saab of Fibonacci.com (@FibLines). It’s a daily candlestick chart of the US Dollar Index ($DXY). Tarek points out that the Dollar has violated both its 200-day moving average and its uptrend line. Both the 200-day-moving-average and the uptrend line have acted as support several times in the […]
When Buying Record Lows Makes Sense
This week’s chart is going to have a very different look from what we normally share in our Chart of the Week column. From time to time we cover an interesting chart that is at a key inflection point but usually we employ a top-down approach and focus on pointing out the strongest structural trends […]
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