The idea that lower volume rallies are not reliable is oddly prevalent. But look and learn for yourself. This @trendspider chart for $QQQ includes a 20-day MA for volume which clearly trends down as the market goes up. ? pic.twitter.com/QqlNlOJMwo — Jonathan Harrier, CMT (@jonathanharrier) December 28, 2021 Today’s Chart of the Day was shared […]
Chart of the Day – Monday, November 22nd, 2021
Today’s Chart of the Day was shared by Jonathan Harrier (@jonathanharrier). Small-Cap breadth has been pretty weak lately. As of Friday, more than 35% of Russell 2000 stocks had been down for at least three days in a row. Jonathan backtested how the Russell 2000 has historically performed following this sort of weakness. There have been 24 […]
Chart of the Day – Wednesday, October 27th, 2021
$IWM I've seen a lot of smallcap bashing as $SPX makes new highs. But come on, look at the monthly chart; it's a bull flag. If any stock ran up 145% in a year and sat for a while consolidating, it would look pretty juicy, and it does.@TrendSpider https://t.co/GRyaOaDqoP — Jonathan Harrier, CMT (@jonathanharrier) October […]
Chart of the Day – Tuesday, September 21st, 2021
The % of $SPX components above their 10 dma is currently 12%. It's rarely gotten below 20 over the past 5 yrs. 30 days out the final return was up 83% of the time. Median return was 4.6%, including Covid crash.https://t.co/F31Soein4k via @MarketCharts pic.twitter.com/iKdq0qgdGx — Jonathan Harrier, CMT (@jonathanharrier) September 21, 2021 Today’s Chart of the […]