The Dow's past 9-day trading range is the smallest on a historical basis since Jan 2, 2018. Holiday-level conditions. Perfect time for a catalyst… pic.twitter.com/m3TLnI7X3P
— John Kicklighter (@JohnKicklighter) November 14, 2019
Today’s Chart of the Day was shared on Twitter by John Kicklighter (@JohnKicklighter). It’s a daily candlestick chart of the Dow Jones Industrial Average with a nine-day trading range indicator. The market has felt pretty quiet recently with the Dow moving less than five basis points on three separate days this week. John points out that this has been the narrowest 9-day trading range for the Dow in nearly two years. He suggests that this lack of volatility is typical around this time of year and adds that this sort of market environment is ripe for a catalyst.