Pot stocks have taken a nosedive this year. The largest ETF that tracks the Marijuana industry group, $MJ, hit an all-time low today and has fallen 47% in the past 12 months. It’s a sea of red regardless of what time frame you’re looking at. Just a year ago, sentiment around these stocks was euphoric. There was […]
Archives for October 2019
Daily Chart Report ? Tuesday, October 1st, 2019
Sponsored By: Today’s Summary Tuesday, October 1st, 2019 Indices: US stocks closed lower in today’s session with the Dow Jones Industrial Average falling 1.28%. The Russell 2000 was the weakest of the major indices, dropping 1.97%. Sectors: All 11 sectors fell. Utilities led but still slipped 0.26%. Industrials lagged, falling 2.40% Commodities: Crude Oil futures moved lower by 0.96% to $53.60 per barrel. Gold […]
Chart of the Day – Tuesday, October 1st, 2019
Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a daily bar chart of the S&P 500 index since April. David lays out the three directions of the market in order of least painful to most painful. He argues that sideways markets, like the one we’re currently in, are the […]
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