After slaughtering R2K troops, traders recently began shooting NDX generals. Whether NDX can reverse last week’s minor breakdown is a key question, in my view. pic.twitter.com/yIGVmPCbZe — Mark Ungewitter (@mark_ungewitter) October 30, 2023 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). One of the more bearish aspects of last week’s price action […]
Chart of the Day – Tuesday, March 21st, 2023
Tech heavyweights index influence on the rise again. pic.twitter.com/XiH2G56sib — Todd Sohn (@Todd_Sohn) March 21, 2023 Today’s Chart of the Day was shared by Todd Sohn of Strategas (@Todd_Sohn). The green line represents the combined weights of the two largest stocks within the S&P 500 over the past 30-years. $AAPL and $MSFT are currently the largest, but keep […]
Chart of the Day – Wednesday, December 28th, 2022
Today’s Chart of the Day was shared in a note by John Roque of 22V Research (@daChartLife). It’s a weekly chart of Apple ($AAPL) over the past seven years. Apple has held up better than most FAANG stocks this year, however, John points out that it could be the bear’s next victim. The stock closed at a fresh […]
Chart of the Day – Thursday, September 29th, 2022
All you need to know about this market. $AAPL pic.twitter.com/uLitFRYymb — Brian Lund (@bclund) September 29, 2022 Today’s Chart of the Day was shared by Brian Lund (@bclund). Apple was one of the only stocks that didn’t participate in yesterday’s rally, and it continued lower today dropping nearly 5%. Keep in mind this is the […]
Chart of the Day – Monday, August 22nd, 2022
The most important stock in the world right now has broken its parabolic uptrend channel after getting rejected at trend line resistance. Huge headwind for the major indexes. $AAPL pic.twitter.com/pgPypp0TU4 — Scott Brown, CMT (@scottcharts) August 22, 2022 Today’s Chart of the Day was shared by Scott Brown (@scottcharts). It’s a daily candlestick chart of […]
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