The most important chart for today – comparison of $TNX (10-yr Treasury Yield) to the rotational chart of $IWM : $QQQ. This explains the weakness in the Tech sector & suggests small-cap outperformance, regardless of directionality. We will discuss it in Wednesday's WMD class. pic.twitter.com/CczqGG1wS1 — Wyckoff Analytics (@WyckoffAnalysis) September 28, 2021 Today’s Chart of the […]
Chart of the Day – Wednesday, September 15th, 2021
#NQ_f, 15m Bulls are fighting back! Nasdaq formed yet another Bear Trap in the morning. pic.twitter.com/H0nwJFNkIC — Yuriy Matso (@yuriymatso) September 15, 2021 Today’s Chart of the Day was shared by Yuriy Matso (@yuriymatso). It’s a 15-minute candlestick chart of Nasdaq futures since Friday. The major indices closed at a precarious spot yesterday, but buyers showed […]
Chart of the Day – Wednesday, August 11th, 2021
Today’s Chart of the Day was shared in a note by Frank Cappelleri of Instinet (@FrankCappelleri). It’s a chart of the 10-year US Treasury yield (red) over the past 14-months and a ratio of the Russell 2000 vs. the Nasdaq 100 (blue). Frank explains that the 10-year yield has been driving a lot of the rotation in the stock […]
Chart of the Day – Friday, July 2nd, 2021
Today’s Chart of the Day was shared on Twitter by Carter Worth (@CarterBWorth). The Nasdaq 100 just closed higher for the 7th consecutive week. Carter points out that the Nasdaq has only done this 17 other times since the inception of the index over 35 years ago. Of those 17 prior instances, the following week closed higher […]
Chart of the Day – Wednesday, March 17th, 2021
$NQ, 1h 13250 – a very important pivot for Nasdaq. This level is exactly 61.8% Fibonacci retracement of the Feb-March drop. pic.twitter.com/GaQvyygmk0 — Yuriy Matso (@yuriymatso) March 17, 2021 Today’s Chart of the Day was shared on Twitter by Yuriy Matso (@yuriymatso). It’s a one-hour candlestick chart of the Nasdaq 100 futures over the past two […]