Can we wait to call Armageddon until % of $RUI constituents > 200-day MA print persistent values below 50-45ish please? The market can correct a lot more than 3% with the long term trend still intact $IWB pic.twitter.com/YwYxvX5NDJ — Drew Wells, CIMA® (@DrewTheCharts) January 29, 2020 Today’s Chart of the Day was shared on Twitter […]
Seasonal Tailwinds for Small-Caps
The underperformance of Small-cap stocks has been a big part of the bear case for US Equities this year. However, according to seasonality, we could see Small-caps begin to outperform their Large-cap peers going into the end of the year. Seasonality expert, Jeff Hirsch shared the chart below in a blog post titled; Open Season for […]
Chart of the Day – Monday, October 14th, 2019
Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). It’s a daily candlestick chart of the Large-Cap Russell 1000 index ($RUI). The bottom pane of the chart is a breadth indicator showing the percentage of stocks above their 200-day moving average. Drew points out that 50% of the Russell 1000 components […]