Someone better call CPS. We have a lot of Abandoned Babies out here on the charts. pic.twitter.com/K9Eg4FHR6m — Ian McMillan, CMT (@the_chart_life) July 9, 2021 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). Over the past three sessions, the S&P 500 has formed a bullish candlestick pattern known as the “Abandoned Baby“ pattern. As […]
Chart of the Day – Tuesday, September 22nd, 2020
#candlechart #hammer — SPX "Hammer"… ? pic.twitter.com/TpFxlOlGUT — Nautilus Research (@NautilusCap) September 22, 2020 Today’s Chart of the Day was shared on Twitter by Nautilus Research (@NautilusCap). The S&P 500 printed a bullish hammer candle on the daily chart yesterday. Hammer candles are formed when price falls significantly after the open, only to claw back those losses […]
A Minor Pullback and the Abandoned Baby
This week, the market saw its fifth-largest pullback since the start of 2019. The S&P 500 peaked the day before Thanksgiving and fell about 2.80% over the following three sessions. We’ve been quite bullish on Stocks over the past few months, and this recent pullback hasn’t changed our outlook. If anything, we view it as healthy, […]
Chart of the Day – Thursday, October 3rd, 2019
Today’s Chart of the Day was shared on Twitter by Scott Redler (@RedDogT3). It’s a daily candlestick chart of the S&P 500 ETF, $SPY. Scott uses this chart to highlight a “Red Dog Reversal” pattern. The first example is the candle from October 1st, where price broke out to a 4-day high but then quickly […]
Bird’s-Eye View of Boeing
Boeing ($BA) has been the best-performing Dow component this year. Not only is Boeing the largest percent gainer, up 25% YTD, but it has also contributed the most gains to the Dow YTD as well as over the past year, due to its 11% weighting. In their morning note today, Bespoke pointed out Boeing’s superior […]