This rally in the dollar $DXY over the past year has been incredibly weak. We've now set 7 small and failed higher highs, this is usually a sign to look lower, even after the recent dip. The macro case to be bullish DXY is well known, but price suggests a deeper washout is ahead pic.twitter.com/1WcvErMulJ […]
Chart of the Day – Thursday, October 17th, 2019
If we're above 27,000 in the Dow and you're shorting stocks, good luck…. I just don't see it. I think it's irresponsible not to be aggressively long $DJIA $DIA $YM_F pic.twitter.com/0D8RS2t7K6 — J.C. Parets (@allstarcharts) October 17, 2019 Today’s Chart of the Day was shared on Twitter by JC Parets (@allstarcharts). It’s a monthly candlestick […]
Chart of the Day – Wednesday, October 16th, 2019
Today’s Chart of the Day was shared on Twitter by @TradeTraders. It’s a daily candlestick chart of the iShares Home Construction ETF, $ITB. The ETF is up nearly 50% year-to-date, and it closed at a new 52-week high today. Some of the top holdings in $ITB include: $DHI, $LEN, $NVR, $PHM and $SHW. As you […]
Chart of the Day – Tuesday, October 15th, 2019
Today’s Chart of the Day was shared on Twitter by Aaron Jackson (@ATMcharts). It’s a ratio chart of the Consumer Discretionary sector ($XLY) relative to the Consumer Staples sector over the past 12-months. When the ratio is rising, it means Consumer Discretionary stocks are outperforming Consumer Staples stocks and vice versa. Aaron points out that […]
Chart of the Day – Monday, October 14th, 2019
Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). It’s a daily candlestick chart of the Large-Cap Russell 1000 index ($RUI). The bottom pane of the chart is a breadth indicator showing the percentage of stocks above their 200-day moving average. Drew points out that 50% of the Russell 1000 components […]
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