Today's reversal coming right from Stan Weinstein's 30-week moving average. Important zone. $SPX $SPY $QQQ $IWM $VIX pic.twitter.com/IeGgMR0QA1 — Andrew Adams CFA, CMT (@DayTraderGator) August 8, 2022 Today’s Chart of the Day was shared by Andrew Adams (@DayTraderGator). The S&P 500 was up as much as 1% this morning, but it reversed lower and closed slightly […]
Chart of the Day – Thursday, May 27th, 2021
Small caps had perfect opportunity to collapse. Now gapped up over resistance. Looks like they want to go higher now. $IWM pic.twitter.com/T3rVVJrCeW — Andrew Adams CFA, CMT (@DayTraderGator) May 27, 2021 Today’s Chart of the Day was shared by Andrew Adams (@DayTraderGator). It’s a daily candlestick chart of the Russell 2000 ETF, $IWM, over the […]
Chart of the Day – Thursday, May 28th, 2020
Today’s Chart of the Day was shared by Andrew Adams (@DayTraderGator). The chart shows the spread between the % of NYSE stocks above their 50-day moving average and the % of NYSE stocks above their 200-day moving average ($NYA50R-$NYA200R). 91.57% of NYSE stocks are above their 50-day moving average, while only 27.78% are above their […]
Shooting Star Candlesticks
Today, all of the major US stock indices formed what’s referred to by technicians as a shooting star candle on their daily charts. These candles were formed when price gaped up, continued to move higher before reversing and closing lower than where they opened. Shooting star candles are similar to inverted hammer candles, both have short bodies […]