S&P 500 closed above the 200-day MA for first time in more than 7 months. Looking at the previous 13 times (since '50) it was beneath this trendline for 6 mos or more and closed above showed only once did it move back to new lows. Up avg 18.8% yr later and higher 12/13 times. […]
Chart of the Day – Monday, October 31st, 2022
November historically has been a strong month for stocks. In fact, the past 10 years it has been the best for stocks and in a midterm year it has been the second best (only October was better). pic.twitter.com/GBpKQlVO91 — Ryan Detrick, CMT (@RyanDetrick) October 31, 2022 Today’s Chart of the Day was shared by Ryan […]
Chart of the Day – Friday, October 14th, 2022
TGIF? Maybe not, as the S&P 500 has been very weak on this day lately. Down 8 of the past 10 weeks, showing no one wants to hold over the weekend. Also, down 4 in a row as well. Hasn't been down 5 Fridays in a row since 6 in a row in March/April 2017. […]
Chart of the Day – Monday, August 15th, 2022
Friday triggered a rare, but quite bullish signal. >90% of the components in the S&P 500 are now above their 50-day moving average. As you can see, these signals take place in strong uptrends historically. pic.twitter.com/UtJfMcHJrW — Ryan Detrick, CMT (@RyanDetrick) August 14, 2022 Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). Ryan […]
Chart of the Day – Monday, August 1st, 2022
Over the past decade July has been one of the best for stocks and that played out once again in 2022, with the S&P 500 up more than 9%. But be aware that August (and September) tend to be weak months. pic.twitter.com/kzBSdefix3 — Ryan Detrick, CMT (@RyanDetrick) July 31, 2022 Today’s Chart of the Day […]
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