Today’s chart of the day was shared on Twitter by Tarek Saab of Fibonacci.com (@FibLines). It’s a daily candlestick chart of the US Dollar Index ($DXY). Tarek points out that the Dollar has violated both its 200-day moving average and its uptrend line. Both the 200-day-moving-average and the uptrend line have acted as support several times in the […]
Chart of the Day – Friday, June 21st, 2019
Today’s chart of the day was shared on Twitter by Brian Shannon (@alphatrends). It’s a 65 min candlestick chart of $LYFT since its IPO with two volume-weighted average price (VWAP) indicators, anchored from two different points in time. The VWAP is a fascinating indicator because it combines price, volume and time. It’s essentially exactly what it sounds like, a […]
Chart of the Day – Thursday, June 20th, 2019
Today’s chart of the day was shared in a note from Bespoke titled: “Bullish Sentiment Very Low For a Market at New Highs”. The chart shows the S&P 500 in red, with AAII bullish sentiment in blue. We like the chart because it illustrates how pessimistic investors are despite the fact that the S&P 500 is […]
Chart of the Day – Wednesday, June 19th, 2019
Today’s chart of the day was shared in a research note from Andrew Adams (@DayTraderGator). The chart examines the correlation between the U.S. Dollar Index and the S&P 500 over the past 10-years. There’s a lot of speculation and discussion over how the Dollar will impact the stock market however, this chart proves that no meaningful relationship exists between the […]
Chart of the Day – Tuesday, June 18th, 2019
Today’s chart of the day was shared on Twitter by Michael Antonelli of Baird (@BullandBaird). It’s a chart of the S&P 500 in blue and the NDR Daily Trading Sentiment Composite in red. Antonelli notes that this indicator was signaling “extreme pessimism” as of yesterdays close. Meanwhile, the S&P 500 is less than 2% away from all-time highs. Sentiment, at […]