It’s been over a year since AMZN’s last new high (Sept. ’18). As a roughly 30% weight in Discretionary, this is a headwind for the cap-weighted sector. Chart via @verrone_chris @Todd_Sohn pic.twitter.com/hm6Ib297ii — Strategas (@StrategasRP) November 12, 2019 Today’s Chart of the Day was shared on Twitter by Strategas Research Partners (@StrategasRP). It’s a chart […]
Chart of the Day – Friday, August 16th 2019
Today’s Chart of the Day was shared on Twitter by Strategas Research Partners (@StrategasRP). It is a chart of the 20+ Year Treasury Bond ETF, $TLT with a 200-day moving average in red. The indicator in the lower pane measures how extended price is from the 200-day moving average. Strategas notes that price is extremely extended right now. In […]
Tech Stocks Take the Lead
The market has staged quite a comeback from the December 2018 lows with all of the major US stock indices up over 10% year-to-date. The sharp, V-shaped recovery has been met with a lot of skepticism. Many technicians are warning that the 2800 level in the S&P 500 will act as resistance, while others point to improving […]
Technical Analysts Remain Bullish
While the headlines remain scary to some, those who view the markets through technical analysis continue to see many positive developments for stocks. Scott Redler, a partner with T3Live.com, believes that with the S&P 500 closing above it’s 200-day Moving Average, this has now opened the door for the index to reach the 2800 level. […]
