Sponsored By: Todayâs Summary Thursday, July 18h, 2019 Indices: US stocks inched higher in todayâs session, with the Dow Jones Industrial Average closing up just 3 points or 0.01%. The S&P 500 was the strongest of the major indices, gaining 0.36%. Sectors: Utilities led for the second day in a row, gaining 0.87%. Communications lagged, falling 0.85%. Commodities: Crude Oil futures fell for the […]
Patrick Dunuwila
Patrick Dunuwila is Editor and co-founder of The Chart Report. His passion for trading began in 2007 when he bought Apple's stock at $17 and realized the potential of the financial markets. Patrick first became interested in financial media as an intern at StockTwits, a social network for traders and investors. He remains an active member on StockTwits as well as Twitter where he enjoys sharing his trade ideas and thoughts on the markets. He studied economics at Drexel University before beginning his career at Benchmarq Trading Partners, a proprietary trading firm based in New York City. Prior to The Chart Report, Patrick worked under J.C. Parets, at All Star Charts where he assisted in selling technical analysis research to institutional investors. The 26 year-old Syracuse, NY native currently resides in Manhattan where he is pursuing his Chartered Market Technician (CMT) designation.
Chart of the Day – Thursday, July 18th, 2019
Today’s Chart of the Day was shared on Twitter by Scott Elliott (@Scelliott81). It’s a weekly candlestick chart of Tesla ($TSLA) testing a key level around $250. As you can see this level acted as support several times in the past before breaking down in April. After breaking the $250Â level, the stock fell to a […]
Daily Chart Report đ Wednesday, July 17th, 2019
Sponsored By: Todayâs Summary Wednesday, July 17h, 2019 Indices: US stocks were lower in todayâs session with the Dow Jones Industrial Average falling 116 points or 0.42%. The Russell 2000 was the weakest of the major indices, falling 0.72%. Sectors: Utilities led, gaining 0.45%. Industrials lagged, falling 2.16%. Commodities: Crude Oil futures dropped 1.46% to $56.74 per barrel. Gold futures rallied 0.83% to $1,423 per ounce. Currencies: The US Dollar Index fell 0.17%. Interest Rates: The US […]
Chart of the Day – Wednesday, July 17th, 2019
Today’s Chart of the Day was shared in a research note from Frank Cappelleri of Instinet (@FrankCappelleri). It’s a chart showing the S&P 500 in the top panel, and the number of new highs within the index in the bottom panel. Over the past month or two, the S&P 500 has rallied to record highs. At […]
Should You be Worried About Dow Theory?
Last week, The Dow Jones Industrial Average hit an all-time high and crossed 27,000 for the first time ever. On the other hand, The Dow Jones Transportation Average is still about 9% below its all-time high. Some experts are citing Dow Theory as a reason for concern going forward while others argue that this century-old […]
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