Sponsored By: Todayâs Summary Friday, April 3rd, 2020 Indices: US Stocks ended the week on a sour note today with the Dow Jones Industrial Average closing lower by 361 points or 1.69%. The S&P 500 and Nasdaq fell 1.51% and 1.53%, respectively. The Russell 2000 was by far the weakest of the major indices, dropping 3.11%. Sectors: Consumer Staples was the only sector to close higher, […]
Chart of the Day – Friday, April 3rd, 2020
Equally weighted index, Offensive $XLF & $XLK & $XLY vs Defensive $XLP & $XLU & $XLV. Respecting a support and resistance level dating back to 2007. pic.twitter.com/1LrMpyrYDI — Grant Hawkridge (@granthawkridge) April 3, 2020 Todayâs Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). It’s a ratio chart showing a basket of the offensive […]
Chart of the Day – Thursday, April 2nd, 2020
Todayâs Chart of the Day was shared with us in a note by MarketShark. We call this chart pack, “The Good, The Bad, and The Ugly.”  The Nasdaq ETF, $QQQ, is “The Good”  because it is the only one whose long-term uptrend remains intact after last month’s historic crash. The S&P 500 ETF, $SPY, is “The Bad” because […]
Chart of the Day – Wednesday, April 1st, 2020
Todayâs Chart of the Day was shared in a note titled; “S&P Facing a Historical Kiss of Resistance“ by Chris Kimble. It’s a chart of the S&P 500 over the past 12 years. Chris points out that the index spent the past nine years inside of a rising channel and above its 200-week moving average. However, last month’s waterfall […]
Daily Chart Report đ Monday, March 30th, 2020
Sponsored By: Todayâs Summary Monday, March 30th, 2020 Indices: US Stocks kicked off the week on a positive note with the Dow Jones Industrial Average advancing 691 points or 3.19%. The S&P 500 and Nasdaq rose 3.35% and 3.62%, respectively. The Russell 2000 was the weakest of the major averages but still gained 2.33%. Sectors: All 11 sectors closed higher by at least 1%. Health […]
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