Today’s Chart of the Day was shared on Twitter by Ryan Detrick of LPL Financial Research (@RyanDetrick). The past few sessions have been a wild ride for Stocks, specifically Tech stocks. Ryan points out that in just three days, the Nasdaq went from an all-time high to being down 10%, marking the fastest correction on record. The […]
Chart of the Day – Monday, August 3rd, 2020
Tomorrow is officially 3 months before the election. Remember, stocks have a stellar track record at predicting who might win in November. If stocks are up, the incumbent party wins. If down? Incumbent party tends to lose. Been right 87% of the time since the Great Depression. pic.twitter.com/B6qCux08ge — Ryan Detrick, CMT (@RyanDetrick) August 3, […]
Chart of the Day – Wednesday, June 17th, 2020
There is nearly $5 trillion in money markets currently. This is nearly double what it was five years ago. Also, the recent 3 month change was the largest spike ever. pic.twitter.com/8lI3LisJvD — Ryan Detrick, CMT (@RyanDetrick) June 17, 2020 Today’s Chart of the Day was shared on Twitter by Ryan Detrick (@RyanDetrick). The chart shows […]
Chart of the Day – Wednesday, June 3rd, 2020
This is going to go down as the greatest 50-day rally ever for the S&P 500 Index. Take note, the previous 7 other largest 50-day rallies saw stocks higher 6- and 12-months later every single time. pic.twitter.com/y273jP9BVk — Ryan Detrick, CMT (@RyanDetrick) June 3, 2020 Today’s Chart of the Day was shared on Twitter by […]
Chart of the Day – Friday, March 13th, 2020
Today’s Chart of the Day was shared in a note titled “Signs of a Washout” by the team at LPL Financial Research. It’s a chart of the S&P 500 index over the past decade. The indicator in yellow shows the percentage of stocks within the S&P 500 that are trading above their respective 200-day moving averages. Over the […]