Today’s Chart of the Day was shared in a research note by Frank Cappelleri of Instinet (@FrankCappelleri). It’s a daily bar chart of the S&P 500 over the past year. In the note, Frank points out that the S&P 500 has gone 65 trading days without a daily decline of 1% or more. The last […]
A Minor Pullback and the Abandoned Baby
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 – Wednesday, December 4th, 2019
Today’s Chart of the Day was shared in a note from Frank Cappelleri of Instinet. It’s a monthly bar chart of the Biotech ETF, $IBB, since its inception in 2001. Frank points out that $IBB just had its best two-month run since 2003, gaining 20% between October-November. He calls it “very extended” in the short-term, with […]
Chart of the Day – Monday, November 4th, 2019
Today’s Chart of the Day was shared in a research note by Frank Cappelleri of Instinet. It is a seasonality chart from EquityClock.com that compiles 20-years of data to show how the S&P 500 tends to perform throughout the year. In the note, Frank explains: “The S&P 500 adhered to October’s historical path as well it […]
Marijuana Massacre
Pot stocks have taken a nosedive this year. The largest ETF that tracks the Marijuana industry group, $MJ, hit an all-time low today and has fallen 47% in the past 12 months. It’s a sea of red regardless of what time frame you’re looking at. Just a year ago, sentiment around these stocks was euphoric. There was […]
