Ladies and gentlemen, we have a Dow Theory nonconfirmation. Higher highs in one index not confirmed by higher highs in the other. Now both indexes threatening new swing lows. $INDU $DJIA $TRAN $DJIT pic.twitter.com/srXrQ443zV — David Keller, CMT (@DKellerCMT) September 24, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). […]
Chart of the Day – Wednesday, August 26th, 2020
Hard to be bearish when bellwether group semiconductors continues to make new highs with RSI firmly in the bullish range. $SMH $SOX $SOXX pic.twitter.com/nZZOg4F6lv — David Keller, CMT (@DKellerCMT) August 26, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a daily bar chart of the Semiconductor ETF ($SMH) […]
Chart of the Day – Tuesday, March 31st, 2020
A Zweig Breadth Thrust buy signal has only triggered six times in the last 20 years. Are we headed for a 7th?https://t.co/5Wu6XRll09 pic.twitter.com/DtkCh0NXY0 — David Keller, CMT (@DKellerCMT) March 31, 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 the past 20-years, […]
Chart of the Day – Tuesday, March 10th, 2020
Stocks to bonds ratio has dropped significantly, resulting in an oversold condition similar to previous bounces over the last year. Could see a snapback rally with a bounce in stocks/pullback in bonds but I believe that would be short-lived. $SPX $SPY $TLT pic.twitter.com/eVh57Br2MD — David Keller, CMT (@DKellerCMT) March 10, 2020 Today’s Chart of the […]
Chart of the Day – Monday, February 10th, 2020
Add this chart to the list of bearish divergences abounding right about now…S&P at new highs but less stocks rebounding above their moving averages.$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 […]