This week, the market saw its fifth-largest pullback since the start of 2019. The S&P 500 peaked the day before Thanksgiving and fell about 2.80% over the following three sessions. We’ve been quite bullish on Stocks over the past few months, and this recent pullback hasn’t changed our outlook. If anything, we view it as healthy, […]
Chart of the Day – Tuesday, December 3rd, 2019
"Equities are in trouble here" pic.twitter.com/qzoM4dBxCw — Tom Bruni, CMT (@BruniCharting) December 3, 2019 Today’s Chart of the Day was shared on Twitter by Tom Bruni (@BruniCharting). It’s a weekly candlestick chart of the Dow Jones Industrial Average going back over a decade. Tom jokes that “Equities are in trouble here.” It might feel this […]
Chart of the Day – Thursday, November 14th, 2019
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 […]
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 […]
