Back to the DTL…$EEM $SPX pic.twitter.com/XUQ850GMlg — Ian McMillan, CMT (@the_chart_life) January 12, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a relative strength chart of Emerging Markets vs. the S&P 500 over the past year and a half ($EEM/$SPX). Emerging Markets underperformed US stocks by a wide margin in […]
Chart of the Day – Wednesday, December 1st, 2021
With a close of 4513, the S&P 500 is now below: 1) it's respective September highs 2) 50 day moving average3) AVWAP from the October lows (when the current rally began) It was a nice confluence of potential support that could now become resistance.$SPX $SPY $ES_F pic.twitter.com/NCgFI8ikPW — Ian McMillan, CMT (@the_chart_life) December 1, 2021 […]
Chart of the Day – Monday, October 25th, 2021
$TSLA above $900 to ATHs. Bears won't want to hear this, but there's a very good chance this one keeps going. As mentioned on @cvpayne a few months back, I have a $1300 price target on this stock by August 2022. Will we make it? Who knows. But we are off to a good start. […]
Chart of the Day – Friday, July 9th, 2021
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 […]