Sponsored By: Today’s Summary Wednesday, May 8th, 2019 Indices: US stocks were little changed in today’s session, with the Dow Jones Industrial Average closing higher by just 2 points or 0.01%. The S&P 500 fell 0.16% while the Nasdaq fell 0.26%. Sectors: Healthcare led, gaining 0.21%. Utilities lagged, falling 1.38%. Commodities: WTI Crude Oil futures were higher […]
Archives for May 2019
What is Volatility Telling Us?
For most of the year, volatility, typically monitored via the CBOE Volatility Index ($VIX), has been pretty stable. After reaching a peak of 36 in late December, the index has seen a steady decline back to levels that typically translate to healthy equity markets. However, over the last week or so, we have seen the […]
Daily Chart Report ? Tuesday, May 7th, 2019
Sponsored By: Today’s Summary Tuesday, May 7th, 2019 Indices: US stocks closed lower in today’s session with the Dow Jones Industrial Average falling 473 points or 1.79%. Sectors: All 11 sectors of the S&P 500 finished lower. Utilities led, falling 0.31%. Technology lagged, falling 2.15%. Commodities: WTI Crude Oil futures were lower by 1.31% to settle at $61.44 per barrel. Gold futures were […]
Daily Chart Report ? Monday, May 6th, 2019
Sponsored By: Today’s Summary Monday, May 6th, 2019 Indices: US stocks staged an intraday comeback, with the Dow Jones Industrial Average opening down over 400 points but paring losses throughout the day to close down only 66 points or 0.25%. The Russell 2000 was the strongest of the major indices, closing up 0.06% after being down over 1.50%. Sectors: Healthcare led, gaining 0.60%. Materials were the […]
Chart of the Week: Utilities, REITs and Polarity
You may find these charts boring, but what better opportunity is there to illustrate the Principle of Polarity than with Utilities ($XLU) and REITs ($IYR) recently retesting former resistance turned support at prior highs. Within the context of Technical Analysis, polarity is founded in the fundamentals of supply and demand and is applicable across all […]
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