Now this, kids, is what a *real* parabolic advance looks like. But in the words of Merrill Lynch's legendary Bob Farrell, "Parabolic advances usually go further than you think, but they do not correct by going sideways". #ForTheArchives pic.twitter.com/QIfH9lFzMd — Walter Deemer (@WalterDeemer) February 4, 2020 Today’s Chart of the Day was shared on Twitter […]
Archives for February 2020
Daily Chart Report ? Monday, February 3rd, 2020
Sponsored By: Today’s Summary Monday, February 3rd, 2020 Indices: US stocks kicked off the week on a positive note, with the Dow Jones Industrial Average rebounding 144 points or 0.51%. The Nasdaq was the strongest of the major indices, gaining 1.34%, while the S&P 500 rose 0.73%. The Russell 2000 advanced 1.21%. Sectors: Materials led, gaining 2.10%. Energy lagged, falling 1.31%. Commodities: Crude Oil futures moved lower by 1.45% to […]
Chart of the Day – Monday, February 3rd, 2020
Oil liquidation continues for the 15th down day out of the past 19. Technically oversold and coming into prior support. Careful trying to catch, but worth watching. $CL_F $USO pic.twitter.com/QMg0PrFQ72 — Evan Medeiros (@EvanMedeiros) February 3, 2020 Today’s Chart of the Day was shared on Twitter by Evan Medeiros (@EvanMedeiros). It’s a daily candlestick chart […]
Following the Leaders in Asia
In general, World Equity markets have been grinding consistently higher since October with very little volatility. In the past week or so this has changed as many Indexes in Asia, particularly China’s Shanghai Composite, have endured some real structural damage. While the recent pullback is being attributed to the onslaught of negative headlines related to […]
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