$SPX We intermediate traders get distracted by the daily fanfare. It is easy to lose sight of the Big Picture. A favorite trend indicator is the 20d MA of $NYNL. It just crossed above 0. The wind is at our backs. Don't lose site of that. pic.twitter.com/3zERCedpih — Alan Cohen (@al_xdpg) November 29, 2023 Today’s […]
Daily Chart Report 📈 Tuesday, November 28, 2023
Powered By: Today’s Summary Tuesday, November 28, 2023 Indices: Nasdaq +0.30% | Dow +0.24% | S&P 500 +0.10% | Russell 2000 -0.46% Sectors: 8 of the 11 sectors closed higher. Consumer Discretionary led, gaining +0.58%. Health Care lagged, falling -0.51%. Commodities: Crude Oil futures gained +2.07% to $76.41 per barrel. Gold futures rose +1.37% to […]
Chart of the Day – Tuesday, November 28, 2023
Today’s Chart of the Day was shared in a note by John Roque of 22V Research (@daChartLife). Gold is on track to book its highest weekly close in history. It hasn’t reached all-time highs on a daily basis yet, but it’s less than 2% from doing so. Many have given up on the yellow metal, as it’s […]
Daily Chart Report 📈 Monday, November 27, 2023
Powered By: Today’s Summary Monday, November 27, 2023 Indices: Nasdaq 100 -0.13% | Dow -0.16%| S&P 500 -0.19% | Russell 2000 -0.35% Sectors: 3 of the 11 sectors closed higher. Real Estate led, gaining +0.36%. Health Care lagged, falling -0.63%. Commodities: Crude Oil futures fell -0.90% to $74.86 per barrel. Gold futures rose +0.47% to a […]
Chart of the Day – Monday, November 27, 2023
$SPX is well above the 12M price target of consensus strategists on the street. That's historically bullish for $SPX as strategists are forced to adapt a more accommodating narrative. Yes, price leads narrative, not vice-versa #knowthedata pic.twitter.com/gfcBQyxxGu — RenMac: Renaissance Macro Research (@RenMacLLC) November 27, 2023 Today’s Chart of the Day was shared by Renaissance […]
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