$KWEB back to the VWAP off its 2021 high. pic.twitter.com/ucA47O5g6M — Andrew Thrasher, CMT (@AndrewThrasher) January 5, 2023 Today’s Chart of the Day was shared by Andrew Thrasher (@AndrewThrasher). Chinese Internet stocks have been a surprising area of relative strength recently. $KWEB has surged 100% in less than three months, while the S&P 500 has gone […]
Chart of the Day – Thursday, December 8th, 2022
One difference (so far) between this down trend and '01 and '08 was we have yet to see a major break below the 200-week moving average which has been excellent support on many prior market dips. pic.twitter.com/ggaN5IcORY — Andrew Thrasher, CMT (@AndrewThrasher) December 8, 2022 Today’s Chart of the Day was shared by Andrew Thrasher […]
Chart of the Day – Wednesday, November 23rd, 2022
The S&P 500 has gone from less than 5% of stocks above the 50-day Moving Average to over 85%, a historically bullish development. However, the occurrence in August didn't draw higher prices like it has in the past. Watching if this time is different. pic.twitter.com/nXYUDdTmdU — Andrew Thrasher, CMT (@AndrewThrasher) November 23, 2022 Today’s Chart […]
Chart of the Day – Wednesday, June 1st, 2022
When support becomes resistance, that tells us the bears have likely resumed control. $SPX pic.twitter.com/KQzWD6o3rN — Andrew Thrasher, CMT (@AndrewThrasher) June 1, 2022 Today’s Chart of the Day was shared by Andrew Thrasher (@AndrewThrasher). The S&P 500 rebounded about 6% on a closing basis, however, it’s struggling to reclaim its March lows near 4170. As we […]
Chart of the Day – Wednesday, March 23rd, 2022
More than 95% of Nasdaq 100 stocks have regained their 20-day moving average with less than 45% of stocks above the 200-day MA. This is just the 4th time short-term breadth has been this strong while long-term breadth has been this weak.$QQQ pic.twitter.com/TXUjpQQV9j — Andrew Thrasher, CMT (@AndrewThrasher) March 23, 2022 Today’s Chart of the […]
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