Add this chart to the list of bearish divergences abounding right about now…S&P at new highs but less stocks rebounding above their moving averages.$SPX $SPY pic.twitter.com/lDdjlBqmn5 — David Keller, CMT (@DKellerCMT) February 10, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a chart of the S&P 500 over […]
Chart of the Day – Tuesday, November 26th, 2019
Until this two-year chart of the $XLF looks much less constructive, have to expect further market strength. $SPY $SPX #bigbasebreakout pic.twitter.com/QjI6ilfD5K — David Keller, CMT (@DKellerCMT) November 26, 2019 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a daily bar chart of the Financial sector ETF, $XLF, over the […]
Chart of the Day – Tuesday, October 1st, 2019
Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a daily bar chart of the S&P 500 index since April. David lays out the three directions of the market in order of least painful to most painful. He argues that sideways markets, like the one we’re currently in, are the […]
The Most Important Indicator Right Now
The S&P 500 fell nearly 7% from its all-time high at the beginning of August. Since then, the index has been chopping sideways as market participants anxiously try to figure out which direction this consolidation will resolve. In environments like this, it can be helpful to analyze market internals, like breadth, to gauge the overall […]
“Gold”-ilocks and the Three…Bulls?
The “bugs” are getting giddy. Could an 8-year drought in returns for Precious Metals finally be coming to an end? There is no definitive move yet, but many seem to be quite anxious about the recent moves we have seen in both the metals themselves and their mining counterparts. The most popular chart that we […]
