If we were witnessing a real trial-by-jury (which, at the end of the day, is actually what the market is), I think it’d be safe to say that bears and bulls both have pretty solid evidence to put forth in their favor. Yes, there have been sub-industries that have done well and that we have […]
Chart of the Day – Tuesday, October 8th, 2019
Today’s Chart of the Day was shared on Twitter by Strategas Research Partners (@StrategasRP). So much time is spent arguing over who will win the 2020 presidential election. But, perhaps the outcome lies in the performance of the stock market. The light blue line shows the average performance of the S&P 500 in the years […]
Chart of the Day – Monday, October 7th, 2019
Today’s Chart of the Day was shared on Twitter by Andrew Thrasher (@AndrewThrasher). It’s a one-hour candlestick chart of the S&P 500 index. Andrew points out that price is running into short-term resistance. The chart is a great example of the principle of polarity, where former resistance tends to act as support and vice versa. […]
Chart of the Day – Thursday, October 3rd, 2019
Today’s Chart of the Day was shared on Twitter by Scott Redler (@RedDogT3). It’s a daily candlestick chart of the S&P 500 ETF, $SPY. Scott uses this chart to highlight a “Red Dog Reversal” pattern. The first example is the candle from October 1st, where price broke out to a 4-day high but then quickly […]
Chart of the Day – Wednesday, October 2nd, 2019
Today’s Chart of the Day was shared on Twitter by Todd Gordon (@toddgordontrade). It’s a chart of the NYSE Tick Index ($TICK) with a 10-period moving average in blue. In purple is the S&P 500. The Tick Index is a short-term indicator often used by day traders. It measures the number of stocks in the […]
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