One difference (so far) between this down trend and '01 and '08 was we have yet to see a major break below the 200-week moving average which has been excellent support on many prior market dips. pic.twitter.com/ggaN5IcORY — Andrew Thrasher, CMT (@AndrewThrasher) December 8, 2022 Today’s Chart of the Day was shared by Andrew Thrasher […]
Chart of the Day – Wednesday, November 30th, 2022
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 – Wednesday, November 23rd, 2022
The S&P 500 has gone from less than 5% of stocks above the 50-day Moving Average to over 85%, a historically bullish development. However, the occurrence in August didn't draw higher prices like it has in the past. Watching if this time is different. pic.twitter.com/nXYUDdTmdU — Andrew Thrasher, CMT (@AndrewThrasher) November 23, 2022 Today’s Chart […]
Chart of the Day – Friday, November 18th, 2022
#ES_F, 1d Deja vu pic.twitter.com/eenHkrfyjz — Yuriy Matso (@yuriymatso) November 18, 2022 Today’s Chart of the Day was shared by Yuriy Matso (@yuriymatso). The S&P 500 took a slight pause this week, falling just -0.69%. It’s been fairly calm recently, considering we haven’t had a 1% move in either direction in six days now. Yuriy points out […]
Chart of the Day – Wednesday, November 16th, 2022
I don't usually post a 15-minute chart, but this one's kinda interesting: pic.twitter.com/JGtpEswvoP — Walter Deemer (@WalterDeemer) November 16, 2022 Today’s Chart of the Day was shared by Walter Deemer (@WalterDeermer). It’s a 15-minute candlestick chart of the S&P 500 over the past eight days. It was a fairly quiet day for stocks, however, Walter […]
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