Today’s Chart of the Day was shared on Twitter by Luke Kawa (@LJKawa). It is a daily bar chart of S&P 500 futures with the 50-day moving average in pink and the 200-day moving average in yellow. Luke points out that from August 5th – September 5th the S&P 500 traded in a tight range […]
Chart of the Day – Friday, August 16th 2019
Today’s Chart of the Day was shared on Twitter by Strategas Research Partners (@StrategasRP). It is a chart of the 20+ Year Treasury Bond ETF, $TLT with a 200-day moving average in red. The indicator in the lower pane measures how extended price is from the 200-day moving average. Strategas notes that price is extremely extended right now. In […]
Trendless Markets
The legendary Paul Tudor Jones once said: “Markets trend only about 15 percent of the time; the rest of the time they move sideways.” When you think about this quote in the context of today’s stock market it’s clear that we’re in the midst of that 85% of the time when markets move sideways. In […]
U.S. Dollar at a Key Inflection Point
The U.S. Dollar has been in focus for a lot of traders and analysts lately. It broke out to a new 52-week high at the end of May but since then, has pulled back rather sharply. It’s been in a healthy uptrend for over a year, as it’s traded above a rising 200-day moving average. […]
Does the Golden Cross Really Matter?
Well, it’s that time again. We knew this day would eventually arrive. We also knew that when it did arrive, there would be a plethora of reactions on both sides of the aisle. Today the Dow Jones Industrial Average ($DJIA) saw a “Golden Cross”, which occurs when the 50-day MA crosses above the 200-day MA, two closely-followed […]
