Micro-caps break support $RUMIC pic.twitter.com/VW7yhPEmbO — Michael Kahn, CMT (@mnkahn) December 3, 2021 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). It’s a daily bar chart of the Russell Micro-Cap index, year-to-date. Michael points out that Micro-Caps broke below support today, and closed at a 10-month low. Similar to Small-Caps, Micro-Caps have […]
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.
Daily Chart Report 📈 Thursday, December 2nd, 2021
Sponsored By: Today’s Summary Thursday, December 2nd, 2021 Indices: Dow +1.82% | S&P 500 +1.42% | Nasdaq +0.83% | Russell 2000 +2.74% Sectors: All 11 sectors closed higher. Financials led, gaining 2.98%. Health Care lagged but still rose 0.49%. Commodities: Crude Oil futures rose 1.42% to $66.50 per barrel. Gold futures dropped 1.21% to $1,763 per ounce. Currencies: The US Dollar Index gained 0.10%. Interest Rates: The US 10-year Treasury yield rose to 1.448%. Here are the best charts, articles, and ideas […]
Chart of the Day – Thursday, December 2nd, 2021
I humbly present the ASH trade:Apple $AAPLSemiconductors $SMHHomebuilders $ITBThree charts showing strength during a period of market dislocation. pic.twitter.com/xNxuPB4iOD — David Keller, CMT (@DKellerCMT) December 2, 2021 Today’s Chart of the Day was shared by David Keller (@DKellerCMT). It’s a daily bar chart of the Semiconductor ETF, $SMH, over the past two years. Stocks rebounded […]
Daily Chart Report 📈 Wednesday, December 1st, 2021
Sponsored By: Today’s Summary Wednesday, December 1st, 2021 Indices: Dow -1.34% | S&P 500 -1.18% | Nasdaq -1.83% | Russell 2000 -2.34% Sectors: 10 of the 11 sectors closed lower. Utilities was the only sector that closed higher, inching up 0.18%. Communications lagged, dropping 2.31%. Commodities: Crude Oil futures fell 0.92% to a three-month low of $65.57 per barrel. Gold futures rose 0.44% to $1,784 per ounce. Currencies: The US Dollar Index moved higher by 0.15%. Interest Rates: The US 10-year Treasury […]
Chart of the Day – Wednesday, December 1st, 2021
With a close of 4513, the S&P 500 is now below: 1) it's respective September highs 2) 50 day moving average3) AVWAP from the October lows (when the current rally began) It was a nice confluence of potential support that could now become resistance.$SPX $SPY $ES_F pic.twitter.com/NCgFI8ikPW — Ian McMillan, CMT (@the_chart_life) December 1, 2021 […]