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 […]
Chart of the Day – Friday, March 4th, 2022
Palladium set to make a new 52-week high. This is a metal I've talked a lot about in my Thrasher Analytics letter. The COT data for palladium had a historic setup late last year. pic.twitter.com/Z7DmhpYGEC — Andrew Thrasher, CMT (@AndrewThrasher) March 4, 2022 Today’s Chart of the Day was shared by Andrew Thrasher (@AndrewThrasher). It’s […]
Chart of the Day – Wednesday, October 20th, 2021
Breakout in BTC, seeing if ETH can follow. pic.twitter.com/zshZXwqpkr — Andrew Thrasher, CMT (@AndrewThrasher) October 20, 2021 Today’s Chart of the Day was shared by Andrew Thrasher (@AndrewThrasher). The chart shows the two largest Cryptocurrencies, Ethereum (left) and Bitcoin (right). Bitcoin broke out to an all-time high today for the first time in six months. […]
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