In yesterday’s Chart of the Day, we highlighted the Dow Jones Industrial Average ($DJI) trying to resolve above its key resistance level around 27,000. In the post, Patrick explains this level represents a logical area of interest among buyers and sellers as it coincides with the 261.8% Fibonacci extension measured from the Great Financial Crisis […]
Chart of the Day – Thursday, October 17th, 2019
If we're above 27,000 in the Dow and you're shorting stocks, good luck…. I just don't see it. I think it's irresponsible not to be aggressively long $DJIA $DIA $YM_F pic.twitter.com/0D8RS2t7K6 — J.C. Parets (@allstarcharts) October 17, 2019 Today’s Chart of the Day was shared on Twitter by JC Parets (@allstarcharts). It’s a monthly candlestick […]
Chart of the Day – Wednesday, August 14th 2019
Today’s Chart of the Day was shared on Twitter by Michael Batnick (@michaelbatnick). It’s a dot plot showing the daily percentage change of the Dow Jones Industrial Average over the past 100 years. Today was without a doubt an ugly day for stocks with the Dow dropping 3.05%. There were a lot of headlines pointing out […]
Thinking in Percentages vs. Points
Yesterday, the Dow Jones Industrial Average fell 767 points or 2.90%. News outlets had a field day with this and we saw some pretty misleading headlines like the one below. In reality, the sell-off wasn’t nearly as bad as some were suggesting. Apparently, ‘historic lows’ now means the Dow is 6% off of an all-time high. It […]
Bearish Undertones
“Risk happens fast.” Or whatever the smart alecks in the media and Twitter say. But it is hard to deny that there are some bearish undertones to the market these days, at least over the short term. Is it because someone Tweeted something? Is it because of interest rates? Is it because of the US […]
