Today’s Chart of the Day was shared on Twitter by David Zarling (@AdaptivCharts). It’s a weekly candlestick chart of Taiwan Semiconductor $TSM. In a report today, we highlighted the ongoing breakout in Semiconductor stocks. $TSM is the largest component in the popular Semiconductor ETF, $SMH. As you can see, $TSM is testing that key $45 […]
Archives for September 2019
Chip Stocks Breaking Out!
Yesterday we discussed the improvement in Small-cap stocks and why it favors the bull case for US Equities. Another bullish technical development that deserves some attention here is the breakout in Semiconductor stocks. Semiconductors are found in almost anything tech-related. Therefore, they serve as a good leading indicator for the Technology sector, as well as […]
Unlocking the Value in Financials
The talk of the town this week has been the swift rotation out of Growth and Momentum and into the Value factor. As interest rates and yield spreads have stabilized, cyclical areas of the market such as Transports, Retail, Banks and Energy have caught a bid. While it’s likely a bullish development for the broader […]
Small-caps Showing Signs of Life
For a majority of the year, the underperformance of Small-caps has been one of the more valid arguments that the bears have had for betting against stocks. However, in the past week, Small-caps have made an impressive comeback. As a legendary trader, Peter Brandt points out in the tweet below, this eliminates what has been […]
Daily Chart Report ? Thursday, September 12th, 2019
Sponsored By: Today’s Summary Thursday, September 12th, 2019 Indices: US stocks were higher in today’s session with the Dow Jones Industrial Average gaining 45 points or 0.17%. The Russell 2000 was the weakest of the major indices, changing just 0.04%. Sectors: Materials led, gaining 0.78%. Energy lagged, falling 0.62%. Commodities: Crude Oil futures moved lower by 1.09% to $55.13 per barrel. Gold futures rose 0.29% to $1,507 per ounce. Currencies: The US Dollar […]
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