"It's just the Magnificent 7 driving this rally!" What a load of click-baity crap. The S&P 500 equal-weight index just cycled from a 52-week low to 52-week high in 33 days. The only time since 1957 it happened faster was in September 1982 when the average stock went on to… pic.twitter.com/u1HEHUcR5M — Jason Goepfert (@jasongoepfert) […]
Chart of the Day – Thursday, February 16th, 2023
Since 1950, he is correct… https://t.co/AhqWNb1sAs pic.twitter.com/vK6NeS0XuN — SentimenTrader (@sentimentrader) February 16, 2023 Today’s Chart of the Day was shared by SentimenTrader (@sentimentrader). Yesterday, Anthony Scaramucci revealed he was a closet technician when he shared this stat on Twitter. He pointed out that no prior S&P 500 bear market has made a new low after spending […]
Chart of the Day – Thursday, October 13th, 2022
Today was the 5th-largest intraday reversal from a low in the history of the S&P 500. It was the 4th-largest in the history of the Nasdaq Composite. pic.twitter.com/y9J9a6mCiX — SentimenTrader (@sentimentrader) October 13, 2022 Today’s Chart of the Day was shared by SentimenTrader (@sentimentrader). The S&P 500 posted one of its largest intraday reversals ever […]
Chart of the Day – Tuesday, October 26th, 2021
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 […]