Russell 3000 – which presents essentially all equities – up 2 days in a row. It hasn’t been up more than that since August 25. Happens all the time in uptrends (shading). Also a chance for RSI to get back above neutral (top panel). Looking at you Mr Thursday pic.twitter.com/ne0Rvmat5R — Urban Carmel (@ukarlewitz) October […]
Chart of the Day – Wednesday, December 30th, 2020
$SPX up 14% the past 2 months. Only 7 other occurrences in 40 years. 6 of prior 7 went much higher in months ahead because all happened at major lows (like March of this year); 1987 started after SPX dead flat for 9 months (box). So, current instance nothing like the others pic.twitter.com/beQ4eSrPjl — Urban […]
Chart of the Day – Wednesday, November 18th, 2020
Blue arrows when $vix <20 pic.twitter.com/tTzRkv2tBy — Urban Carmel (@ukarlewitz) November 18, 2020 Today’s Chart of the Day was shared on Twitter by Urban Carmel (@ukarlewitz). It’s a chart of the S&P 500 over the past four years along with the Volatility Index ($VIX) below. The VIX hasn’t closed below 20 since February 21st. That’s […]
Chart of the Day – Wednesday, August 19th, 2020
In fact, $SPY volume over the past 5 days has never been lower, even during holiday weeks. Volume always spikes into sell off lows; arguably, it starts to rise into highs, too (lower panel) pic.twitter.com/28l95L2WDf — ukarlewitz (@ukarlewitz) August 19, 2020 Today’s Chart of the Day was shared on Twitter by Urban Carmel (@ukarlewitz). The […]
Chart of the Day – Friday, August 7th, 2020
Another look at breadth, using % stocks >50-d or 200-d. Poor participation + divergences hasn’t stopped a 4-mo rally back to ATHs. This is nothing new. Divergences can last days or a year. Markets can peak with or without them, on ‘good breadth’ or bad. In real time, worthless pic.twitter.com/QI1EKqqzPY — ukarlewitz (@ukarlewitz) August 7, […]