Today’s Chart of the Day was shared by Joe Fahmy (@jfahmy). Joe points out that the current rally in the Nasdaq Composite (right) resembles the rally in 2003 when the index was recovering from the dot-com bubble. Both 2003 and 2023 were preceded by bear markets that bottomed in October. As we know, October has […]
Chart of the Day – Friday, July 16th, 2021
If the Nasdaq Comp loses it 21-day EMA (green line on the chart), then a retest of the recent breakout level (14,100-14,200) would likely be the next stop. pic.twitter.com/MbC52JXDuB — Joseph Fahmy (@jfahmy) July 16, 2021 Today’s Chart of the Day was shared on Twitter by Joe Fahmy (@jfahmy). It’s a daily chart of the Nasdaq Composite […]
Chart of the Day – Wednesday, October 30th, 2019
The Dow Jones is just starting to move out of a 21-month consolidation. $DIA pic.twitter.com/lT3j4Rj5Yk — Joseph Fahmy (@jfahmy) October 30, 2019 Today’s Chart of the Day was shared on Twitter by Joe Fahmy (@jfahmy). It’s a weekly bar chart of the Dow Jones Industrial Average ETF, $DIA. Joe points out that the Dow is […]