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 29th, 2022

June 29, 2022 Patrick Dunuwila

Uncomfortable with these groups on their lows pic.twitter.com/p7qYHg3gYE

— Strategas (@StrategasRP) June 29, 2022

Today’s Chart of the Day was shared by Strategas Research (@StrategasRP). On top is a ratio chart of  Consumer Discretionary sector vs. Consumer Staples sector, and on the bottom, is a ratio chart of the Semiconductor index vs. the S&P 500. These two ratios are commonly used by technicians to gauge risk appetite for the broader market. Both continue to be in downtrends, threatening to make new lows. In fact, the Semiconductor index closed at fresh 20-month lows on a relative basis today. In a comment to The Chart Report, Todd Sohn of Strategas said, “It was a red flag with the recent equity bounce not being accompanied by any resounding leadership from these two ratios. No improvement – and fresh lows now – leaves us hesitant on the broader market.”

Chart of the Day, Consumer Discretionary, Consumer Staples, Daily Chart Report, Featured Stories, Front Top Content, S&P500, Semiconductors, Todd Sohn

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 📈 Thursday, August 11th, 2022
  • Chart of the Day – Thursday, August 11th, 2022
  • Daily Chart Report 📈 Wednesday, August 10th, 2022
  • Chart of the Day – Wednesday, August 10th, 2022
  • Daily Chart Report 📈 Tuesday, August 9th, 2022

Follow @thechartreport

  • Instagram
  • Twitter

© 2022 The Chart Report. All Rights Reserved.

Terms and Conditions - Privacy Policy