Today’s Chart of the Day was shared by Joe Fahmy (@jfahmy). Joe points out that the current rally in the Nasdaq Composite (right) resembles the rally in 2003 when the index was recovering from the dot-com bubble. Both 2003 and 2023 were preceded by bear markets that bottomed in October. As we know, October has […]
Chart of the Day – Wednesday, March 29th, 2023
$QQQ Coffee anyone? ☕️ pic.twitter.com/wdyMAmtgZI — TrendSpider (@TrendSpider) March 29, 2023 Today’s Chart of the Day was shared by TrendSpider (@TrendSpider). It’s a 65-min candlestick chart of the Nasdaq 100 ETF ($QQQ) over the past two months. Today, the media declared that the Nasdaq is in a new bull market, as it’s up more than 20% […]
Chart of the Day – Monday, January 9th, 2023
Back-to-back WEEKLY doji candles just above very round 10000 number should be respected until they are negated $COMPQ. Reversed near 50-day SMA. "Turnaround Tuesday" awaits. pic.twitter.com/qY8Z2qhN5w — Douglas Busch CMT (@chartsmarter) January 9, 2023 Today’s Chart of the Day was shared by Doug Busch (@chartsmarter). The Tech-heavy Nasdaq has underperformed the S&P 500 for more than […]
Chart of the Day – Wednesday, October 26th, 2022
Same song… pic.twitter.com/zpjXDr0TKJ — da Chart Life (@daChartLife) October 26, 2022 Today’s Chart of the Day was shared by John Roque (@daChartLife). It’s a ratio chart of the Nasdaq vs. the S&P 500 over the past four decades. We highlighted this chart at the beginning of the year, pointing out that the Nasdaq was forming […]
Chart of the Day – Friday, November 5th, 2021
NASDAQ seeing the most new highs since March. pic.twitter.com/p6PhY2W4oi — Willie Delwiche (@WillieDelwiche) November 5, 2021 Today’s Chart of the Day was shared by Willie Delwiche (@WillieDelwiche). It’s a chart of the Nasdaq Composite along with the number of new 52-week highs within the index. The Nasdaq just closed higher for the 10th consecutive day and […]