Is there a more important chart than Industrials right now? All eyes on those former highs… $XLI 👀 pic.twitter.com/LxbkrZvRBu — Steven Strazza (@sstrazza) November 23, 2021 Today’s Chart of the Day was shared by Steve Strazza (@sstrazza). It’s a chart of the Industrial sector ETF, $XLI, year-to-date. The largest weighted stocks in $XLI include $HON, $UPS, […]
Chart of the Day – Monday, March 8th, 2021
As Tech & Growth has corrected… elsewhere OK pic.twitter.com/R7m5Ibvd1S — Strategas (@StrategasRP) March 8, 2021 Today’s Chart of the Day was shared on Twitter by Strategas Research (@StrategasRP). The Nasdaq officially fell into correction territory today (10% off highs). On the other hand, the Dow closed just shy of a record high. Sector rotation is […]
Chart of the Day – Thursday, September 24th, 2020
Ladies and gentlemen, we have a Dow Theory nonconfirmation. Higher highs in one index not confirmed by higher highs in the other. Now both indexes threatening new swing lows. $INDU $DJIA $TRAN $DJIT pic.twitter.com/srXrQ443zV — David Keller, CMT (@DKellerCMT) September 24, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). […]
The New High in XLI
One of the US Equity sectors I pay the closest attention to for a read on the broader market is Industrials ($XLI). This is also true for Financials ($XLF) and Technology ($XLK) as these three Sectors are home to many of the most ubiquitous and vital companies in the US economy. They are also some […]
Bird’s-Eye View of Boeing
Boeing ($BA) has been the best-performing Dow component this year. Not only is Boeing the largest percent gainer, up 25% YTD, but it has also contributed the most gains to the Dow YTD as well as over the past year, due to its 11% weighting. In their morning note today, Bespoke pointed out Boeing’s superior […]