Little island on $SPY at the moment: pic.twitter.com/u88NyEgFac — Walter Deemer (@WalterDeemer) May 5, 2023 Today’s Chart of the Day was shared by Walter Deemer (@WalterDeemer). The S&P 500 fell -0.80% this week, but it ended on a strong note gaining +1.85% on Friday. Walter points out that the S&P 500 ETF, $SPY, has formed a bullish […]
Chart of the Day – Wednesday, November 16th, 2022
I don't usually post a 15-minute chart, but this one's kinda interesting: pic.twitter.com/JGtpEswvoP — Walter Deemer (@WalterDeemer) November 16, 2022 Today’s Chart of the Day was shared by Walter Deemer (@WalterDeermer). It’s a 15-minute candlestick chart of the S&P 500 over the past eight days. It was a fairly quiet day for stocks, however, Walter […]
Chart of the Day – Wednesday, August 17th, 2022
Point to ponder: If this is a "bear market rally", a lower low, by definition, is somewhere ahead. But what is a rally followed by a significant decline that does *not* lead to a lower low (e. g., the 12.9% decline in Aug-Oct 1962)? Not a forecast; just some semantics to ponder. pic.twitter.com/NXZwE8iIgt — Walter […]
Chart of the Day – Thursday, January 20th, 2022
$IWM has broken more hearts than the NY Jets. pic.twitter.com/uVyLYyFYjv — Walter Deemer (@WalterDeemer) January 20, 2022 Today’s Chart of the Day was shared by Walter Deemer (@WalterDeemer). The Russell 2000 has been one of the most frustrating charts over the past year. It’s been a trendless mess for months now, but we’re starting to […]
Chart of the Day – Wednesday, October 13th, 2021
The Advance-Decline Line, which generated a whole bunch of negative divergences in July-August, has now managed to generate a positive divergence. pic.twitter.com/Lzs9j5696i — Walter Deemer (@WalterDeemer) October 13, 2021 Today’s Chart of the Day was shared by Walter Deemer (@WalterDeemer). It’s a chart of the NYSE Advance-Decline Line over the past year, along with the S&P […]