Big tech is tight. Trading in a 3% range for more than 2 weeks.$QQQ pic.twitter.com/5dvuJaiv8r — Greg Rieben (@gregrieben) April 17, 2023 Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). Greg points out that $QQQ has been trading in a tight range of less than 3% so far this month. Keep in mind, this […]
Chart of the Day – Thursday, February 23rd, 2023
The wrecking ball is back.#USD $DXY pic.twitter.com/YHRgFccrll — Greg Rieben (@gregrieben) February 23, 2023 Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). This is one of the more concerning charts out there right now. It’s a daily candlestick chart of the US Dollar Index ($DXY) over the past 16 months. The Dollar […]
Chart of the Day – Wednesday, November 2nd, 2022
The 200 day moving average doing what it does best. Putting a lid on the price of the DJIA.$DIA pic.twitter.com/TumvH2Uuns — Greg Rieben (@gregrieben) November 2, 2022 Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). The Dow continues to be in the spotlight after having its best October ever. It reclaimed its […]
Chart of the Day – Monday, September 12th, 2022
New lows for the 20-year $TLT pic.twitter.com/AYTOBT8NH2 — Greg Rieben (@gregrieben) September 12, 2022 Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). It’s a daily candlestick chart of the 20+ Year Treasury Bond ETF ($TLT). Bonds are having their worst year in history, and they continue to make new lows on both an […]
Chart of the Day – Tuesday, July 5th, 2022
That US Dollar though…?$DXY #USD pic.twitter.com/xMOId7h3vB — Greg Rieben (@gregrieben) July 5, 2022 Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). Today was the best day for the US Dollar Index since 2020, rising to its highest level in 20 years. Dollar strength is generally a headwind for risk assets including Stocks, Commodities, and […]