Transports are taking out a key support level as they are resolving lower from a 12-month distribution pattern. pic.twitter.com/Ha5kTZJVHm — Alfonso Depablos (@AlfCharts) May 18, 2022 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a weekly candlestick chart of the Dow Jones Transportation Average over the past five years. Transports suffered their […]
Chart of the Day – Monday, April 4th, 2022
I like the breakout in Rare Earth/Strategic Metals ETF $REMX pic.twitter.com/9e4rV4Xj8o — Alfonso Depablos (@AlfCharts) April 4, 2022 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a chart of the Rare Earth Metals ETF, $REMX, over the past decade. Metal-related ETFs have been breaking out left and right in 2022, and this […]
Chart of the Day – Tuesday, March 15th, 2022
If there is a place for energy to take a breather, what better place than this? pic.twitter.com/NDIXMbEIFW — Alfonso Depablos (@AlfCharts) March 15, 2022 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). The chart shows Crude Oil futures (black) and the Energy Sector (blue) over the past 13 years. Crude Oil is back […]
Chart of the Day – Tuesday, January 25th, 2022
Bulls want to see this former resistance turn into support.$SPY / $GLD pic.twitter.com/ypldOPqA3E — Alfonso Depablos (@AlfCharts) January 25, 2022 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a ratio chart of the S&P 500 vs. Gold over the past four years ($SPY/$GLD). Last week, we discussed how Gold was beginning […]
Chart of the Day – Tuesday, November 16th, 2021
Take a look at home construction breaking out of this 6-month base.$ITB pic.twitter.com/ABceDKjPeJ — Alfonso Depablos (@AlfCharts) November 16, 2021 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a daily candlestick chart of Home Construction ETF, $ITB, over the past 11 months. The largest stocks in this ETF include $DHI, $LEN, $NVR, $PHM, $LOW, […]