Today’s Chart of the Day comes from a blog post by Michael Batnick of Ritholtz Wealth Management (@michaelbatnick). It’s a chart of the S&P 500 index going back to 2009 when stocks bottomed. Michael calls this chart the “Wall of Worry” because it illustrates the numerous reasons to sell over the past decade. Despite these bearish headlines, the […]
Archives for August 2019
Bearish Undertones
“Risk happens fast.” Or whatever the smart alecks in the media and Twitter say. But it is hard to deny that there are some bearish undertones to the market these days, at least over the short term. Is it because someone Tweeted something? Is it because of interest rates? Is it because of the US […]
Daily Chart Report ? Friday, August 2nd, 2019
Sponsored By: Today’s Summary Friday, August 2nd, 2019 Indices: US stocks were lower in today’s session with the Dow Jones Industrial Average closing down 98 points or 0.37%. The Nasdaq lagged the rest of the major averages, falling 1.32%. Sectors: Real Estate led, gaining 0.77%. Technology lagged, falling 1.63%. Commodities: Crude Oil futures rallied 3.23% to settle at $55.67 per barrel. Gold futures rose 1.79% to $1,457 per ounce. Currencies: The […]
Chart of the Day – Friday, August 2nd 2019
Today’s Chart of the Day was shared on Twitter by Tarek Saab (@FibLines). It is a weekly chart of Copper futures over the past 20 years. Tarek points out that Copper is in danger of breaking down from both the 200-week moving average, as well as a long-term trendline. Copper is an important industrial metal […]
5 Things to Know About Martin Zweig
Whoever said: “I’ve never met a rich technician” had clearly never met Marty Zweig. Zweig is considered one of the greatest technicians of all time, and he was undoubtedly wealthy considering he owned the most expensive apartment in Manhattan (at the time). He wrote a popular newsletter called The Zweig Forecast and authored several books, but his big […]