Today’s Chart of the Day was shared in a note by Jason Goepfert of SentimenTrader (@SentimenTrader). It’s a chart of the S&P 500 over the past six months, and the A/D Line in the lower panel. As you might know, the A/D Line is a popular breadth indicator that often leads the market higher or lower. It recently broke […]
A Bullish Combination
Legendary analyst Paul Montgomery once said: “The most bullish thing the stock market can do is go up.” The S&P 500 printed a fresh all-time high today for the first time since July. Despite this bullish development, investors remain cautious. The combination of stocks breaking out and bearish sentiment could fuel the next leg of […]
Chart of the Day – Monday, September 9th, 2019
Today’s Chart of the Day was shared on Twitter by SentimenTrader (@sentimentrader). The chart highlights the fact that some of the worst-performing stocks year-to-date were some of the best-performing stocks today and vice versa. Price action felt somewhat backward today. Some of the weakest areas of the market caught a bid today. For example, Banks ($KBE), […]