In yesterday’s Chart of the Day, we highlighted the Dow Jones Industrial Average ($DJI) trying to resolve above its key resistance level around 27,000. In the post, Patrick explains this level represents a logical area of interest among buyers and sellers as it coincides with the 261.8% Fibonacci extension measured from the Great Financial Crisis […]
Daily Chart Report đ Monday, October 7th, 2019
Sponsored By: Todayâs Summary Monday, October 7th, 2019 Indices: US stocks closed lower with the Dow Jones Industrial Average falling 96 points or 0.36%. The Russell 2000 was the strongest of the major averages but still slipped 0.19%. Sectors: None of the sectors advanced. Communications led but closed unchanged. Energy lagged falling 0.89%. Commodities: Crude Oil futures were flat, changing just 0.02%. Gold Futures moved lower by 0.56% to $1,504 […]
Diverging Performance Among Chinese Stocks
The prevailing narrative is that growth has slowed in China amid the escalation in tariffs while the US economy and stock market have been relatively unscathed by the trade dispute. The simplest way to measure the winner and loser of the current trade war is by comparing the performance of each nation’s stock market. Interestingly, […]
Daily Chart Report đ Thursday, October 3rd, 2019
Sponsored By: Todayâs Summary Thursday, October 3rd, 2019 Indices: US stocks closed higher in todayâs session with the Dow Jones Industrial Average gaining 122 points or 0.47%. The Nasdaq was the strongest of the major indices, advancing 1.12%. Sectors: All 11 sectors were positive. Technology led, gaining 1.23%. Utilities lagged but still closed higher by 0.24%. Commodities: Crude Oil futures slipped 0.28% to $52.49 per barrel. […]
Bitcoin Breaks Down But Remains Leadership
While investors have been busy with headlines related to the Fed, trade negotiations, Brexit news and more, it has been a relatively quiet summer for the usually rambunctious Cryptocurrency market. Bitcoin ($BTCUSD) and “Alt-Coins” such as Ethereum ($ETHUSD) and Litecoin ($LTCUSD) rallied aggressively from April to June but volatility has since cooled off as prices […]
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