Yields probably need to stay subdued for equities' sake. Staying below this level is a good start.$TNX pic.twitter.com/geS8vvK2xL — David Rath, CMT, CFA (@DJwrath) January 16, 2024 🏆 Today’s Chart of the Day was shared by David Rath (@DJwrath). The US 10-Year Yield ($TNX) closed at a one-month high today, and it’s testing a potential […]
Chart of the Day – Wednesday, April 5th, 2023
Prepare for more "Pain at the Pump" news stories if this breaks out.$RBOB_F pic.twitter.com/K54UvQf6Vr — David Rath (@DJwrath) April 5, 2023 Today’s Chart of the Day was shared by David Rath (@DJwrath). It’s a daily candlestick chart of RBOB Gasoline Futures over the past 20 months. Remember all of the “pain at the pump” stories last Summer […]
Chart of the Day – Friday, March 17th, 2023
Strength out of the Nasdaq has been impressive this year. From a relative standpoint, it's at an important spot. Does it blast right through or take a breather? pic.twitter.com/enybj2ow2D — David Rath (@DJwrath) March 17, 2023 Today’s Chart of the Day was shared by David Rath (@DJwrath). The Nasdaq led by a wide margin this […]
Chart of the Day – Friday, February 10th, 2023
$DJI tightening up here pic.twitter.com/9LltCOgywX — David Rath (@DJwrath) February 10, 2023 Today’s Chart of the Day was shared by David Rath (@DJwrath). The Dow closed flat for the second week in a row. David points out that the price has been tightening into a narrow since the end of November, with rising support and […]
Chart of the Day – Friday, September 16th, 2022
$TNX pic.twitter.com/uOmqPyQAzi — David Rath (@DJwrath) September 16, 2022 Today’s Chart of the Day was shared by David Rath (@DJwrath). It’s a daily candlestick chart of the US 10-year Treasury yield since the start of 2022. The 10-year yield just registered its highest weekly close in more than a decade. It hasn’t quite broken out on […]