The S&P 500 has gone from less than 5% of stocks above the 50-day Moving Average to over 85%, a historically bullish development. However, the occurrence in August didn't draw higher prices like it has in the past. Watching if this time is different. pic.twitter.com/nXYUDdTmdU — Andrew Thrasher, CMT (@AndrewThrasher) November 23, 2022 Today’s Chart […]
Chart of the Day – Monday, August 15th, 2022
Friday triggered a rare, but quite bullish signal. >90% of the components in the S&P 500 are now above their 50-day moving average. As you can see, these signals take place in strong uptrends historically. pic.twitter.com/UtJfMcHJrW — Ryan Detrick, CMT (@RyanDetrick) August 14, 2022 Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). Ryan […]
Chart of the Day – Friday, July 29th, 2022
Percent of $SPX stocks at 20-day new highs rose above 55% for first time since June 2020 (concept thanks to Jeff DeGraaf). This marks the 3rd breadth thrust signal in the last 8 trading sessions. Broader than off the March and May lows. @WillieDelwiche @RenMacLLC pic.twitter.com/ofhLRPyyv8 — Ed Clissold (@edclissold) July 29, 2022 Today’s Chart […]
Chart of the Day – Wednesday, February 17th, 2021
Why the big picture is critical – especially now: Nearly all global Stock markets are back in uptrends (rising 200dmas). This condition defined all Bull Markets in history. It's one of the strongest readings ever – usually seen at the start of Major advances. Follow the trend. pic.twitter.com/vnew2jU9hG — Macro Charts (@MacroCharts) February 17, 2021 […]
Chart of the Day – Friday, October 9th, 2020
Another breadth thrust signal today: >90% stocks >10-day moving averages. A lot of good technical readings this week. @NDR_Research pic.twitter.com/A0LTjogCOv — Ed Clissold (@edclissold) October 9, 2020 Today’s Chart of the Day was shared on Twitter by Ed Clissold of Ned Davis Research (@edclissold). There were quite a few bullish technical developments this week! We saw fresh […]