What comes next for the S&P500? Are we finally breaking above $420… ? My best guess is a breadth expansion with broader participation while the mega cap names take a back seat over the coming weeks. How do you see it?$SPX $SPY pic.twitter.com/yAiCpgTkmb — Sam McCallum (@Honeystocks1) May 26, 2023 Today’s Chart of the Day […]
Daily Chart Report 📈 Thursday, May 25, 2023
Powered By: Today’s Summary Thursday, May 25, 2023 Indices: Nasdaq +2.46% | S&P 500 +0.88% | Dow -0.11% | Russell 2000 -0.70% Sectors: 3 of the 11 sectors closed higher. Technology outperformed by its widest margin in over a decade, rising +3.84%. Energy lagged, dropping -1.78%. Commodities: Crude Oil futures dropped -3.38% to $71.83 per barrel. Gold futures dropped -1.06% to $1,996 per oz. Currencies: The US Dollar Index rose +0.31% to a […]
Chart of the Day – Thursday, May 25, 2023
$QQQ 50d, 200d, & 200w moving averages. Which way is the trend? pic.twitter.com/ARzIjsmxVA — ChartingCycles (@ChartingCycles) May 25, 2023 Today’s Chart of the Day was shared by @ChartingCycles. The chart shows three moving averages for the Nasdaq 100 ETF ($QQQ) the 50-Day (yellow), the 200-Day (orange), and the 200-Week (red). $QQQ closed at a […]
Daily Chart Report 📈 Wednesday, May 24, 2023
Powered By: Today’s Summary Wednesday, May 24, 2023 Indices: Nasdaq -0.50% | S&P 500 -0.73% | Dow -0.77% | Russell 2000 -1.16% Sectors: Energy was the only positive sector for the second day in a row, rising +0.44%. Real Estate lagged, dropping -2.19%. Commodities: Crude Oil futures rose +1.96% to $74.34 per barrel. Gold futures fell -0.50% to $1,965 per oz. Currencies: The US Dollar Index rose +0.36% to a two month high […]
Chart of the Day – Wednesday, May 24, 2023
SMH Semiconductor Etf will show an island reversal tomorrow based on Nvidia’s results. This is a rare bullish pattern. Long Nvda. pic.twitter.com/8WDH0zuxNE — Roy Mattox (@RoyLMattox) May 24, 2023 Today’s Chart of the Day was shared by Roy Mattox (@RoyLMattox). The Semiconductor ETF, $SMH, gapped lower by -1.93% this morning, ending the day down -1.47%. […]
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