Notice the difference now vs. 2020? https://t.co/USqyLFAuW3 pic.twitter.com/XUCNfMLBXv — Drew Wells, CMT, CIMA® (@DrewTheCharts) July 1, 2022 Today’s Chart of the Day was shared by Drew Wells (@DrewTheCharts). The chart shows High Yield Credit Spreads over the past four years. Drew points out that Credit Spreads have continued to widen out, breaking their 2018 peak […]
Chart of the Day – Monday, April 25th, 2022
Commodities at an area of interest $BCOM pic.twitter.com/LLyDcuLi2V — Drew Wells, CMT, CIMA® (@DrewTheCharts) April 25, 2022 Today’s Chart of the Day was shared by Drew Wells (@DrewTheCharts). It’s a daily candlestick chart of the Bloomberg Commodity Index over the past year. Commodities have been outperforming Stocks and Bonds by a longshot this year. However, […]
Chart of the Day – Monday, October 4th, 2021
I'm not a proponent of buying at resistance. Chase it here if you like but risk > reward until $57 is cleared. When/if it is, I'm 100% on board. But not there yet.$XLE pic.twitter.com/pS2QSzeAjX — Drew Wells, CMT, CIMA® (@DrewTheCharts) October 4, 2021 Today’s Chart of the Day was shared by Drew Wells (@DrewTheCharts). It’s […]
Chart of the Day – Friday, April 30th, 2021
This relationship is such a good one for your toolbox if you're not using it already. Historically reliable, and a great one to reference when the "markets in turmoil" headlines inevitably come up. Long term interpretation = Bullish stocks. $XLP $SPY $SPX #StocksToWatch pic.twitter.com/l8D8btB8Xm — Drew Wells, CMT, CIMA® (@DrewTheCharts) April 30, 2021 Today’s […]
Chart of the Day – Tuesday, March 16th, 2021
Supply for #energy stocks coming in at a ~5yr polarity area. Above $55 is ?, remaining below is ? $XLE $SPY #oil #stocks #CrudeOil pic.twitter.com/mVHpkZbuND — Drew Wells, CMT, CIMA® (@DrewTheCharts) March 16, 2021 Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). It’s a weekly candlestick chart of the Energy sector […]