Who's buying Chinese equities at this shelf of former lows?$KWEB pic.twitter.com/4NCDrDu4W0 — Alfonso Depablos (@AlfCharts) August 28, 2023 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). Chinese stocks are starting to appeal to contrarians as the telltale signs of extreme pessimism emerge. This week’s cover of The Economist features a caricature of Xi […]
Daily Chart Report 📈 Friday, August 25, 2023
Powered By: Today’s Summary Friday, August 25, 2023 Indices: Nasdaq +0.85% | Dow +0.73% | S&P 500 +0.67% | Russell 2000 +0.40% Sectors: All 11 sectors closed higher. Consumer Discretionary led, gaining +1.12%. Communications lagged, but still inched higher by +0.11%. Commodities: Crude Oil futures rose +0.99% to $79.83 per barrel. Gold futures fell -0.37% to $1,940 […]
Chart of the Day – Friday, August 25, 2023
$IWM Small caps IWM in an ascending triangle flirting with the 200 weeks moving average 👀 pic.twitter.com/s5F1ammd1h — conradseric, CMT, CAIA, CEFA (@conradseric) August 25, 2023 Today’s Chart of the Day was shared by Eric Conrads (@conradseric). The Russell 2000 ($IWM) closed lower for the fourth straight week but formed a doji candle as it […]
Daily Chart Report 📈 Thursday, August 24, 2023
Powered By: Today’s Summary Thursday, August 24, 2023 Indices: Dow -1.08% | Russell 2000 -1.27% | S&P 500 -1.35% | Nasdaq 100 -2.19% Sectors: All 11 sectors closed lower. Financials led but still fell -0.35%. Tech lagged, dropping -2.30%. Commodities: Crude Oil futures rose +0.20% to $79.05 per barrel. Gold futures were flat at $1,947 per oz. Currencies: The US Dollar Index gained +0.61% to a two-month high of $103.99. […]
Chart of the Day – Thursday, August 24, 2023
Today was both a 7 day high & 3 day low in $SPX, closing 1.84% below the high. Biggest intraday reversal since March 22nd. $XLK with 3.5% reversal after making 14 day high: pic.twitter.com/iTmxOnHEun — Optuma (@Optuma) August 24, 2023 Today’s Chart of the Day was shared by Optuma (@Optuma). The S&P 500 was up […]
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