While Large-Cap Tech's decline is making many think today's market is down, Equal-wgt $SPX ($RSP) is higher by +0.78%, and we're seeing DJ Transports rise to highest levels on a closing basis in over 3 mths-$XLK -0.36%, but $RSPT (Equal-wgtd #Tech) is up +0.66%. Food for… pic.twitter.com/pAKqRJ1y9y — Mark Newton CMT (@MarkNewtonCMT) June 26, 2023 […]
Chart of the Day – Monday, November 28th, 2022
$DIA broke above its August high, while $DJT did not confirm the move pic.twitter.com/2HfIz4RGGo — Stacey.A.Lee (@BBaxter2020) November 28, 2022 Today’s Chart of the Day was shared by Stacey A. Lee (@BBaxter2020). The Dow Jones Industrial Average (top) has been the only major index to break above its August highs. However, that breakout is failing, considering […]
Chart of the Day – Wednesday, May 18th, 2022
Transports are taking out a key support level as they are resolving lower from a 12-month distribution pattern. pic.twitter.com/Ha5kTZJVHm — Alfonso Depablos (@AlfCharts) May 18, 2022 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a weekly candlestick chart of the Dow Jones Transportation Average over the past five years. Transports suffered their […]
Chart of the Day – Tuesday, April 5th, 2022
Both Dow Theory indexes selling off hard after failing to hold last week's highs $DJT $SOX pic.twitter.com/Uq0nnhMxXO — Steven Strazza (@sstrazza) April 5, 2022 Today’s Chart of the Day was shared by Steve Strazza (@sstrazza). It’s a chart of the Dow Transportation Average (black) and the Semiconductor Index (blue) over the past 11 months. Several bellwether […]