Nasdaq RSI momentum still positive. If we push for new highs, will be watching for possible divergence. $SPY $IWM $QQQ pic.twitter.com/O7YLWn2irl — Rolando Santos 🌊 (@TKPTrader) October 16, 2020 Today’s Chart of the Day was shared on Twitter by Rolando Santos (@TKPTrader). It’s a daily candlestick chart of the Nasdaq 100 ETF, $QQQ, over the […]
Chart of the Day – Tuesday, August 4th, 2020
Friendly reminder that overbought is a good thing… “regime change?”$GLD $IAU $GDX pic.twitter.com/FwMnU0lCx2 — J4 (@J4_doji) August 4, 2020 Today’s Chart of the Day was shared on Twitter by @J4_doji. It’s a weekly candlestick chart of Gold over the past two decades, along with a 14-period RSI indicator in the lower pane. Gold Bugs celebrated […]
Chart of the Day – Monday, July 6th, 2020
China $SHCOMP daily RSI hit 88 today, one of the highest of all time. In the 30 years of this index, extreme momentum was very rare – associated with the early stages of massive rallies. Looks like the summer could get hot. pic.twitter.com/TL7zvEVTdA — Macro Charts (@MacroCharts) July 6, 2020 Today’s Chart of the Day […]
Chart of the Day – Friday, May 29th, 2020
Another look at the anti-momentum trade over the last 2-weeks. Y-axis = 6-month momentum skipping 2 weeksX-axis = Trailing 2-week return Lower momo = better 2-week return Universe = SPX pic.twitter.com/TnSi76DnN1 — Christopher Cain, CMT (@PythonTrader) May 29, 2020 Today’s Chart of the Day was shared on Twitter by Chris Cain (@PythonTrader). It’s a scatter […]
Chart of the Day – Tuesday, September 10th, 2019
Today’s Chart of the Day was shared on Twitter by Sheldon McIntyre (@hertcapital). It’s a ratio chart showing the performance of the Momentum Factor ETF, $MTUM versus the Value Factor ETF, $VLUE. Over the past few days, there has been a sharp rotation out of Momentum stocks and into Value stocks. Sheldon points out that […]
