Today’s Chart of the Day was shared in a note by Arthur Hill (@ArthurHill). It’s a daily bar chart of the 5G ETF, $FIVG, over the past year. The top stocks in this ETF include NXP Semiconductors ($NXPI), Analog Devices ($ADI), Ericsson ($ERIC), Qualcomm ($QCOM), and Nokia ($NOK). There aren’t too many Tech-related ETFs trading at all-time […]
Chart of the Day – Monday, December 14th, 2020
$IWM is over 30% above its 200-day SMA and this is a record since trading began (2000). For reference, $SPY is 15.6% above and $QQQ is 19.7% above. IWM has been 25% or more above its 200-day three times (Sep-2003, Sep-2009, Dec-2020). Not much of a sample size. #FWIW pic.twitter.com/iO7LMMTBGM — Arthur Hill, CMT (@ArthurHill) […]
Chart of the Day – Friday, December 4th, 2020
Here is some back of the envelope analysis using the CNN Fear&Greed Index. Extreme fear signal (<20) was a timely sell in Oct-2018, but a good buy signal in Aug-2019. $SPX moved higher for several weeks after extreme greed signals (>80) in Oct and Dec 2019. Sometimes #greedisgood pic.twitter.com/36TRCDIzjV — Arthur Hill, CMT (@ArthurHill) December […]
Chart of the Day – Wednesday, November 4th, 2020
$IWM is not up as much as $QQQ today, but the small-cap ETF sports a rising channel since June and an island reversal the last 7 days. Note that IWM forged a higher high in October and QQQ remains below its early September high. pic.twitter.com/4mIuR2K1DW — Arthur Hill, CMT (@ArthurHill) November 4, 2020 Today’s Chart […]
Chart of the Day – Monday, March 16th, 2020
2011 volatility looks like the best case scenario, not the base case, and certainly not the worst case. Remember, $SPX has twice fallen 50% since 2000. This is not a prediction, but it is possible in a bear market. $SPY. Post on setting expectations. https://t.co/0m2xT9MZ63 pic.twitter.com/7KLLHhieaa — Arthur Hill, CMT (@ArthurHill) March 16, 2020 Today’s […]