Down we go again $DXY pic.twitter.com/J4LsX1Ovfj — Grant Hawkridge (@granthawkridge) February 10, 2021 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). Grant points out that the US Dollar Index has resumed its structural downtrend this week. In mid-January, we explained that a potential move higher in the Dollar would likely be a headwind for risk […]
Chart of the Day – Tuesday, December 29th, 2020
#Stocks can stay extended for longer than you think! $SPY pic.twitter.com/qUVzfNQkRb — Grant Hawkridge (@granthawkridge) December 29, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). The chart shows the S&P 500 over the past two decades. Legendary technician, Bob Farrell once said, “Markets are strongest when they are broad, and […]
Chart of the Day – Tuesday, October 6th, 2020
Everyone is talking about Trump this Trump that.. deal here and another deal over there.. but all I see is a rejection of resistance and price looks to be within a ranging market (3220 – 3400) $SPY #SPX #Stocks pic.twitter.com/QS8WUnESxC — Grant Hawkridge (@granthawkridge) October 6, 2020 Today’s Chart of the Day was shared on […]
Chart of the Day – Tuesday, July 14th, 2020
This one is for the bulls… you want this level to hold moving forward $XLY $XLP pic.twitter.com/Q6RpuTR26K — Grant Hawkridge (@granthawkridge) July 14, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). It’s a ratio chart of the Consumer Discretionary sector ($XLY) vs. the Consumer Staples sector ($XLP). This ratio is […]