BAYCREST: S&P 500 “is starting to break below its uptrend channel .. We see risk to the 50 DMA around 3208 .. Should the 50 DMA not hold, the risk is a bigger 5-6% move down as there is a ‘volume pocket’ towards the 3,000 level.” – @jkrinskypga pic.twitter.com/gwCH5TjldE — Carl Quintanilla (@carlquintanilla) January 30, […]
Chart of the Day – Tuesday, January 21st, 2020
Today’s Chart of the Day was shared in an article by Schaeffer’s Investment Research. The S&P 500 is currently 11% above its 200-day moving average; the most extended it’s been in about two years. While many take this as a sign that the market is overbought, Schaeffer’s points out that it’s historically been a bullish […]
Chart of the Day – Friday, January 17th, 2020
Indicator shows consecutive days above 50 day moving average. Current streak is 67 days 2017 had two instances of streaks above 100 days. pic.twitter.com/JMhl8AllZR — Steve Place (@stevenplace) January 17, 2020 Today’s Chart of the Day was shared on Twitter by Steve Place (@stevenplace). It’s a chart of the S&P 500 ETF, $SPY, over the […]
Chart of the Day – Thursday, September 5th, 2019
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 […]
