Tech bouncing right at support the past two days, but XLK will need to reclaim $175 for it to mean much pic.twitter.com/g3IP9PjlFA — Scott Brown, CMT (@scottcharts) August 21, 2023 Today’s Chart of the Day was shared by Scott Brown (@scottcharts). Tech ($XLK) was the strongest sector last week, and it led again today. You […]
Chart of the Day – Friday, June 23, 2023
The S&P 500 is on track to close lower by more than 1% for the first time since early March. However, the index is set to post a second consecutive weekly close above the August highs pic.twitter.com/eNE7oJ4GEx — Scott Brown, CMT (@scottcharts) June 23, 2023 Today’s Chart of the Day was shared by Scott Brown […]
Chart of the Day – Tuesday, February 28th, 2023
Today’s Chart of the Day was shared in a note by Scott Brown (@scottcharts). The S&P 500 fell 2.61% in February, however, it spent the entire month above its 200-day moving average. As of today’s close, the index has spent 25 consecutive trading days above its 200-day moving average. Scott points out that this is could be evidence that […]
Chart of the Day – Wednesday, September 7th, 2022
DBC is on track to close below its 200-day moving average for the first time since October 2020 pic.twitter.com/DWNFyF5mvI — Scott Brown, CMT (@scottcharts) September 7, 2022 Today’s Chart of the Day was shared by Scott Brown (@scottcharts). It’s a daily candlestick chart of the Commodity ETF, $DBC, over the past two years. This ETF […]
Chart of the Day – Monday, August 22nd, 2022
The most important stock in the world right now has broken its parabolic uptrend channel after getting rejected at trend line resistance. Huge headwind for the major indexes. $AAPL pic.twitter.com/pgPypp0TU4 — Scott Brown, CMT (@scottcharts) August 22, 2022 Today’s Chart of the Day was shared by Scott Brown (@scottcharts). It’s a daily candlestick chart of […]