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 – Wednesday, June 16th, 2021

June 16, 2021 Patrick Dunuwila

$DJIA $DIA pic.twitter.com/bkNA4Mxd6J

— Ian McMillan, CMT (@the_chart_life) June 16, 2021

Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a chart of the Dow Jones Industrial Average over the past year (bottom), and the % of Dow stocks above their 50-day moving averages (top). We’re continuing to see breadth and momentum deteriorate beneath the surface of the market. Ian points out that while the Dow has drifted to new highs in recent weeks, fewer and fewer of its constituents have been able to keep up with their respective 50-day moving averages. This isn’t just the case for the Dow, it’s happening in the S&P 500 as well. If market internals don’t improve soon, stocks could be due for some turbulence in the weeks ahead.

$DJI, $DJIA, Breadth, Breadth Divergence, Chart of the Day, Ian McMillan, Louis Sykes

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 📈 Monday, May 23rd, 2022
  • Chart of the Day – Monday, May 23rd, 2022
  • Daily Chart Report 📈 Friday, May 20th, 2022
  • Chart of the Day – Friday, May 20th, 2022
  • Daily Chart Report 📈 Thursday, May 19th, 2022

Follow @thechartreport

  • Instagram
  • Twitter

© 2022 The Chart Report. All Rights Reserved.

Terms and Conditions