Someone better call CPS. We have a lot of Abandoned Babies out here on the charts. pic.twitter.com/K9Eg4FHR6m — Ian McMillan, CMT (@the_chart_life) July 9, 2021 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). Over the past three sessions, the S&P 500 has formed a bullish candlestick pattern known as the “Abandoned Baby“ pattern. As […]
Chart of the Day – Wednesday, June 16th, 2021
$DJIA $DIA pic.twitter.com/bkNA4Mxd6J — Ian McMillan, CMT (@the_chart_life) June 16, 2021 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a chart of the Dow Jones Industrial Average over the past year (bottom), and the % of Dow stocks above their 50-day moving averages (top). We’re continuing to see breadth and momentum deteriorate beneath the surface of […]
Chart of the Day – Thursday, April 22nd, 2021
$ETHUSD vs. $BTCUSD Ethereum is moving higher from a 2.5-year base, relative to big brother Bitcoin… pic.twitter.com/PLo0PPW0oA — Ian McMillan, CMT (@the_chart_life) April 22, 2021 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). This is easily one of the most talked-about charts this week. It’s a chart of Ethereum vs. Bitcoin ($ETHUSD vs. […]
Chart of the Day – Tuesday, March 30th, 2021
As @RyanDetrick pointed out, credit markets have yet to signal any type of impending weakness for equities. This is good news for investors, due to the fact that HY spreads turning up is typically seen as a leading indicator for said volatility. pic.twitter.com/O3An6ZCgwd — Ian McMillan, CMT (@the_chart_life) March 30, 2021 Today’s Chart of the […]
Chart of the Day – Friday, February 26th, 2021
To me, rates are big part of the story in regards to which sectors/industries we want to be overweight and underweight in the market… pic.twitter.com/8LujyDVuyG — Ian McMillan, CMT (@the_chart_life) February 26, 2021 Today’s Chart of the Day was shared on Twitter by Ian McMillan (@the_chart_life). The major development this week was the breakout in interest rates. This […]