The $SPX fell 1.8% in Aug after surging 19.5% YTD thru July. The 13 previous times SPX +>10% thru July &⬇️in Aug, it rose every time Sept-Dec by avg of 9.9%. Just one data point, but it supports the case that the Aug decline was a pullback within an ongoing uptrend. @NDR_RESEARCH pic.twitter.com/phypwypnA0 — Ed […]
Chart of the Day – Thursday, August 31, 2023
$SPX August'23 did NOT equal August'22 after all. pic.twitter.com/UU5DAmyE9Q — Frank Cappelleri (@FrankCappelleri) August 31, 2023 Today’s Chart of the Day was shared by Frank Cappelleri (@FrankCappelleri). August is in the books! The S&P 500 snapped a five-month winning streak, falling -1.77%. On a brighter note, it closed +4% off the month’s lows. Frank points out […]
Chart of the Day – Thursday, August 24, 2023
Today was both a 7 day high & 3 day low in $SPX, closing 1.84% below the high. Biggest intraday reversal since March 22nd. $XLK with 3.5% reversal after making 14 day high: pic.twitter.com/iTmxOnHEun — Optuma (@Optuma) August 24, 2023 Today’s Chart of the Day was shared by Optuma (@Optuma). The S&P 500 was up […]
Chart of the Day – Tuesday, August 22, 2023
Just some perspective on how long of a correction we've been in compared to every other correction since 2012 pic.twitter.com/NOH9ebRICn — Nick Maggiulli (@dollarsanddata) August 22, 2023 Today’s Chart of the Day was shared by Nick Maggiulli (@dollaranddata). They say markets can correct in one of two ways: price or time. However, Nick points out […]
Chart of the Day – Thursday, August 17, 2023
Best chart we saw for the bulls was the spike in Put/Call ratios yesterday. We prefer more persistence than 1-day for $SPX, but every journey starts with a first step. pic.twitter.com/Jqv5gxFhhi — RenMac: Renaissance Macro Research (@RenMacLLC) August 17, 2023 Today’s Chart of the Day was shared by Renaissance Macro Research (@RenMacLLC). The S&P 500 […]
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