Dow $DJI and NYSE Composite $NYA now below their Feb. 2020 pre-pandemic highs. pic.twitter.com/wipy5iVUj8 — Michael Kahn, CMT (@mnkahn) September 23, 2022 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). It’s a weekly bar chart of the NYSE Composite over the past five years. Both the NYSE Composite and Dow Jones Industrial […]
Chart of the Day – Tuesday, April 19th, 2022
Nat Gas loves its island gap reversals $UNG. This one, however, began at firmly overbought levels. pic.twitter.com/1T61L4AwzC — Michael Kahn, CMT (@mnkahn) April 19, 2022 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). It’s a chart of the Natural Gas ETF ($UNG) over the past four months. Natural Gas has gone parabolic […]
Chart of the Day – Thursday, March 31st, 2022
Homies don't like new mortgage rates. $ITB pic.twitter.com/yTRiv5ZGUI — Michael Kahn, CMT (@mnkahn) March 31, 2022 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). It’s a daily bar chart of the Home Construction ETF, $ITB, over the past 11 months. The largest stocks in this ETF include; $DHI, $LEN, $NVR, $PHM, and […]
Chart of the Day – Tuesday, February 22nd, 2022
Yes, pundit, we all see it. #SPX #headandshoulders pic.twitter.com/Z7RW7HJzmC — Michael Kahn, CMT (@mnkahn) February 22, 2022 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). The S&P 500 has formed a textbook head & shoulders top over the past six months. According to the textbook, this bearish pattern would signal ~10% further downside […]
Chart of the Day – Friday, December 3rd, 2021
Micro-caps break support $RUMIC pic.twitter.com/VW7yhPEmbO — Michael Kahn, CMT (@mnkahn) December 3, 2021 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). It’s a daily bar chart of the Russell Micro-Cap index, year-to-date. Michael points out that Micro-Caps broke below support today, and closed at a 10-month low. Similar to Small-Caps, Micro-Caps have […]