The Chart Report

The best technical analysis being done by the best technicians in the world every day.

  • Daily Chart Report
  • Archives
  • About Us

Chart of the Day – Thursday, April 9th, 2020

April 9, 2020 Patrick Dunuwila

The rally since 3/23 has been stronger than after any of the 13 previous waterfalls (last 5 on chart). $DJIA‘s 26% is bigger than any bear market rally except in 1930.
This decline was bigger, so bounce should be bigger, but we are in rare territory for a bear market rally.4/4 pic.twitter.com/zqXMug5NAg

— Ed Clissold (@edclissold) April 9, 2020

Today’s Chart of the Day was shared on Twitter by Ed Clissold of Ned Davis Research (@edclissold). The chart compares the bounces that occurred after the past five waterfall declines in the Dow Jones Industrial Average (2002, 2008, 2011, 2018, and 2020). As of today’s close, the Dow is up more than 27% from the March lows. As Ed points out, this has been the strongest recovery rally the index has seen in decades. Despite this impressive rebound in just 13 trading days, many continue to dismiss this move as a dead cat bounce, warning that a retest of the low is likely.

$DIA, $DJI, Chart of the Day

Sign Up For The Daily Chart Report

Testimonials

If you're not subscribing to the @TheChartReport and getting their nightly recap of some of the great charts shared on social media and blogs, then you're really missing out.

— Andrew Thrasher, CMT (@AndrewThrasher) July 17, 2019

That last tweet was directly from one of my favorite emails each day @TheChartReport Daily Chart Report 📈 Wednesday, August 14th, 2019: https://t.co/5NZjhmgnxR

— Brian Shannon, CMT (@alphatrends) August 15, 2019

Nice work on @TheChartReport guys. Definitely recommend checking it out and signing up for the daily report. Great work as always @Pdunuwila @the_chart_life @AlphaEyeCharts @sstrazza

— Gregory Krupinski (@G_krupins) April 28, 2019

#FF @TheChartReport the best free email I get every day

— J.C. Parets (@allstarcharts) September 6, 2019

Follow @TheChartReport and subscribe to their fail email for great technical analysis. Nice job on the $TSLA piece @Pdunuwila https://t.co/SdNTYsCHNN

— Brian Shannon, CMT (@alphatrends) April 26, 2019

if you’re not signed up for @TheChartReport get your life together bro

— Shane C. Murphy (@murphycharts) August 7, 2019

Love getting my daily market news from @TheChartReport

— Andrew Fieschko (@AFieschko) August 7, 2019

Recent Posts

  • Daily Chart Report 📈 Friday, February 3rd, 2023
  • Chart of the Day – Friday, February 3rd, 2023
  • Daily Chart Report 📈 Thursday, February 2nd, 2023
  • Chart of the Day – Thursday, February 2nd, 2023
  • Daily Chart Report 📈 Wednesday, February 1st, 2023

Follow @thechartreport

  • Instagram
  • Twitter

© 2023 The Chart Report. All Rights Reserved.

Terms and Conditions - Privacy Policy