As $SPY tests its October highs the % of stocks above their 200ma retreats from its October highs pic.twitter.com/ev7FQKlSxj — Stacey.A.Lee (@BBaxter2020) November 8, 2023 Today’s Chart of the Day was shared by Stacey Lee (@BBaxter2020). The S&P 500 rose for the eighth straight day today, closing at its highest since September. It’s attempting to […]
Chart of the Day – Wednesday, October 13th, 2021
The Advance-Decline Line, which generated a whole bunch of negative divergences in July-August, has now managed to generate a positive divergence. pic.twitter.com/Lzs9j5696i — Walter Deemer (@WalterDeemer) October 13, 2021 Today’s Chart of the Day was shared by Walter Deemer (@WalterDeemer). It’s a chart of the NYSE Advance-Decline Line over the past year, along with the S&P […]
Chart of the Day – Tuesday, June 22nd, 2021
Look at how quick the dip got defended in $SPX. Two days almost got it all back. pic.twitter.com/IMurAg7k7J — Michael Antonelli (@BullandBaird) June 22, 2021 Today’s Chart of the Day was shared by Michael Antonelli (@BullandBaird). It’s a daily bar chart of the S&P 500 over the past couple of months. Michael points out that […]
Chart of the Day – Friday, June 18th, 2021
The bottom line is market breadth has been deteriorating behind the scenes. This isn't end of the world stuff, but after a 90% rally for the S&P 500, it has been suggesting a break could be needed. pic.twitter.com/OKd68QpomU — Ryan Detrick, CMT (@RyanDetrick) June 18, 2021 Today’s Chart of the Day was shared by Ryan […]
Chart of the Day – Wednesday, June 16th, 2021
$DJIA $DIA pic.twitter.com/bkNA4Mxd6J — Ian McMillan, CMT (@the_chart_life) June 16, 2021 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a chart of the Dow Jones Industrial Average over the past year (bottom), and the % of Dow stocks above their 50-day moving averages (top). We’re continuing to see breadth and momentum deteriorate beneath the surface of […]