eSponsored By: Today’s Summary Thursday, August 22nd, 2019 Indices: US stocks were mixed in today’s session with the Dow Jones Industrial Average closing up 50 points or 0.19%. The Nasdaq fell 0.36% while the S&P 500 finished more or less flat. Sectors: Financials led, gaining 0.68%. Materials lagged, falling 0.67%. Commodities: Crude Oil futures fell 0.66% to $55.28 per barrel. Gold futures moved lower by 0.48% to $1,508 per ounce. Currencies: The US Dollar […]
Archives for August 2019
Chart of the Day – Thursday, August 22nd, 2019
Today’s Chart of the Day was shared on Twitter by Matt (@commander10). It’s a weekly candlestick chart of Copper futures. Matt points out three different bearish patterns that have developed on the chart. The first being a bearish head and shoulders pattern that has been forming since 2017. He adds that the right shoulder of […]
Bond Market Ratio Shows Strength from Treasuries
US yields have continued to collapse, with another hard leg down this month following July’s FOMC decision to cut rates for the first time since the Financial Crisis. A few weeks ago, I wrote about the 30-Year Yield pushing towards its record low of 2.10%. It fell as far as 1.92% in the time since […]
Daily Chart Report ? Wednesday, August 21st, 2019
eSponsored By: Today’s Summary Wednesday, August 21st, 2019 Indices: US stocks were higher in today’s session with the Dow Jones Industrial Average closing higher by 240 points or 0.93%. The S&P 500 and Nasdaq rose 0.82% and 0.90%, respectively. Sectors: All 11 sectors of the S&P 500 were positive. Consumer Discretionary led for the second day in a row, gaining 1.93%. Consumer Staples lagged […]
Chart of the Day – Wednesday, August 21st 2019
Today’s Chart of the Day was shared on Twitter by Neil Blalock (@NeilBlalock). It’s a chart of the percentage of stocks in the S&P 500 trading above their 200-day moving average. Neil points out that in the past two cyclical bear markets, (2015-2016 and Q4 2018) this indicator fell below 50% and stayed there until the market was […]
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