Crypto charts have been creeping back into the financial twittersphere lately. As most popular coins ala Ethereum, Bitcoin and Ripple are still cooling off from last year’s bloodbath, one coin has been showing consistent outperformance. As Trader, Peter Brandt points out in his tweet below, “in the past three months $LTC has doubled in value […]
Archives for March 2019
Daily Chart Report ? Thursday, March 7th, 2019
Sponsored By: Today’s Summary Thursday, March 7th, 2019 Indices: US stocks fell for the fourth day in a row today, with the Dow Jones Industrial Average closing down 200 points or 0.78%. The Dow Transportation Average extended its rare losing streak to 10 consecutive days. The Nasdaq was the weakest among the major US averages down 1.13%. Sectors: The Utility sector was the […]
Stephen Suttmeier: All-time Highs for the S&P in 2019?
On Tuesday, Bank of America Chief Technical Strategist Stephen Suttmeier appeared on CNBC to give his thoughts on the current environment and what he sees for the remainder for 2019. Stephen first notes the 2800 level, a zone that nearly all technicians are paying attention to at the moment, as it is a major resistance area. […]
Daily Chart Report ? Wednesday, March 6th, 2019
Sponsored By: Today’s Summary Wednesday, March 6th, 2019 US stocks fell in today’s session, with the Dow Jones Industrial Average closing down 133 points or 0.52%. The small-cap Russell 2000 index was especially weak today, closing down 2.01%. The Dow Transportation Average booked its ninth consecutive loss, marking the longest losing streak for the index in […]
Investigating the Recent Dow Transports Weakness
It’s hard to find a risk-on equity asset class that hasn’t bounced since the Dec 24th low but that’s old news.. What should intrigue investors is the recent weakness in the Dow Jones Transportation Average, including a 9-day losing streak and a lack of discussion about it. Frank Cappelleri, Executive Director at Instinet, provided data […]
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