Despite all the action with mega caps recently, the equal weight $SPX is still maintaining the lead off the March 23rd lows $SPY $RSP pic.twitter.com/gT4iK3DUjQ — Drew Wells, CMT, CIMA® (@DrewTheCharts) August 5, 2020 Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). There’s been a lot of concern over […]
Chart of the Day – Tuesday, August 4th, 2020
Friendly reminder that overbought is a good thing… “regime change?”$GLD $IAU $GDX pic.twitter.com/FwMnU0lCx2 — J4 (@J4_doji) August 4, 2020 Today’s Chart of the Day was shared on Twitter by @J4_doji. It’s a weekly candlestick chart of Gold over the past two decades, along with a 14-period RSI indicator in the lower pane. Gold Bugs celebrated […]
Daily Chart Report ? Monday, August 3rd, 2020
Sponsored By: Today’s Summary Monday, August 3rd, 2020 Indices: US stocks kicked off the week on a positive note with the Dow Jones Industrial Average advancing 236 points or 0.89%. The S&P 500 and Nasdaq rose 0.72% and 1.47%, respectively. Small-Caps outperformed with the Russell 2000 gaining 1.78%. Sectors: Tech led for the third day in a row, gaining 2.46%. Real Estate lagged, falling 1.60%. Commodities: Crude Oil […]
Chart of the Day – Monday, August 3rd, 2020
Tomorrow is officially 3 months before the election. Remember, stocks have a stellar track record at predicting who might win in November. If stocks are up, the incumbent party wins. If down? Incumbent party tends to lose. Been right 87% of the time since the Great Depression. pic.twitter.com/B6qCux08ge — Ryan Detrick, CMT (@RyanDetrick) August 3, […]
Daily Chart Report ? Thursday, July 30th, 2020
Sponsored By: Today’s Summary Thursday, July 30th, 2020 Indices: US stocks were mostly lower in today’s session. The Dow Jones Industrial Average fell 226 points or 0.85%. The Nasdaq outperformed, rising 0.43%, while the S&P 500 slipped 0.38%. The Russell 2000 slipped 0.37%. Sectors: 9 of the 11 sectors closed lower. Tech led, rising 0.56%. Energy lagged dropping 3.93%. Commodities: Crude Oil futures fell 3.27% to $39.92 per barrel. Gold […]
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