This week's US debt downgrade has coincided with recent weakness in stocks, but the charts signaled stocks were running out of steam and due for consolidation. 14-day RSI peaked in June, and July's price gain wasn't confirmed. Likewise, MACD stalled for the past 6 weeks. pic.twitter.com/NNbJMo37db — Gina Martin Adams (@GinaMartinAdams) August 4, 2023 Today’s […]
Chart of the Day – Tuesday, February 8th, 2022
Momentum shift in #BTC $BTC.X pic.twitter.com/MnNujciGLn — Rolando Santos (@TKPTrader) February 7, 2022 Today’s Chart of the Day was shared by Rolando Santos (@TKPTrader). We highlighted this chart last week, but a lot has changed in that short time. Over the weekend, Bitcoin reclaimed key support around $41k (red line) and it continues to trade firmly above it around […]
Chart of the Day – Tuesday, December 8th, 2020
Nasdaq 100 technically overbought for the first time since early September pic.twitter.com/JvonmbYeLM — Sarah Ponczek (@SarahPonczek) December 8, 2020 Today’s Chart of the Day was shared on Twitter by Sarah Ponczek of Bloomberg (@SarahPonczek). It’s a daily bar chart of the Nasdaq 100 over the past year. The Nasdaq closed higher for the 10th consecutive […]
Chart of the Day – Tuesday, August 4th, 2020
Friendly reminder that overbought is a good thing… “regime change?”$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 […]