$NDX – The real fight is about to begin. Bulls need to get off the canvas (short term). pic.twitter.com/orL4OJrqYH — Larry Thompson (@HostileCharts) August 10, 2023 Today’s Chart of the Day was shared by Larry Thompson (@HostileCharts). Larry points out that the Nasdaq 100 ($NDX) is testing a confluence of potential support, around 15,000. This […]
Chart of the Day – Wednesday, June 21, 2023
$BTCUSD – Bitcoin in a logical area to take a breather. Let's see if we can get some polarity at 28.5K area (blue area). #Bitcoin pic.twitter.com/V0TZVFIUw0 — Larry Thompson (@HostileCharts) June 21, 2023 Today’s Chart of the Day was shared by Larry Thompson (@HostileCharts). Bitcoin reclaimed $30k today after rallying +20% over the past week. It was skating […]
Chart of the Day – Monday, March 27th, 2023
$RSP vs. $SPX pic.twitter.com/7cpxMA7JMQ — Larry Thompson (@HostileCharts) March 27, 2023 Today’s Chart of the Day was shared by Larry Thompson (@HostileCharts). It’s a ratio chart of the Equal Weight S&P 500 vs the traditional Cap Weight S&P 500 (RSP/SPX). Breadth has become a concern in recent weeks, as a handful of Mega Cap Tech stocks […]
Chart of the Day – Wednesday, October 19th, 2022
$XLK – Bullish RSI divergence is cool….but you know what's cooler than being cool? Being above your June lows. pic.twitter.com/NWYTab3WIk — Larry Thompson, CPA (@HostileCharts) October 19, 2022 Today’s Chart of the Day was shared by Larry Thompson (@HostileCharts). It’s a daily candlestick chart of the Technology sector ($XLK) over the past year. Tech represents more […]
Chart of the Day – Thursday, September 15th, 2022
$XLK vs. $SPX – Making new lows. $XLK makes up ~26% of the S&P 500. We have not seen these levels since June 2021. pic.twitter.com/uOmnI9Z1FB — Larry Thompson, CPA (@HostileCharts) September 15, 2022 Today’s Chart of the Day was shared by Larry Thompson (@HostileCharts). It’s a ratio chart of the Technology Sector relative to the […]