Today’s Chart of the Day was shared on Twitter by Chad Shoop (@ChadShoopGuru). It’s a daily candlestick chart of the highly contested electric automaker, Tesla ($TSLA). Chad points out that the stock has coiled into a narrow range. This pattern of higher lows and lower highs represents a growing frustration between buyers and sellers. Eventually, […]
Archives for October 2019
Daily Chart Report ? Thursday, October 3rd, 2019
Sponsored By: Today’s Summary Thursday, October 3rd, 2019 Indices: US stocks closed higher in today’s session with the Dow Jones Industrial Average gaining 122 points or 0.47%. The Nasdaq was the strongest of the major indices, advancing 1.12%. Sectors: All 11 sectors were positive. Technology led, gaining 1.23%. Utilities lagged but still closed higher by 0.24%. Commodities: Crude Oil futures slipped 0.28% to $52.49 per barrel. […]
Chart of the Day – Thursday, October 3rd, 2019
Today’s Chart of the Day was shared on Twitter by Scott Redler (@RedDogT3). It’s a daily candlestick chart of the S&P 500 ETF, $SPY. Scott uses this chart to highlight a “Red Dog Reversal” pattern. The first example is the candle from October 1st, where price broke out to a 4-day high but then quickly […]
Daily Chart Report ? Wednesday, October 2nd, 2019
Sponsored By: Today’s Summary Wednesday, October 2nd, 2019 Indices: US stocks closed lower in today’s session with the Dow Jones Industrial Average dropping 494 points or 1.86%. The S&P 500 and Nasdaq were lower by 1.79% and 1.56%, respectively. The Russell 2000 outperformed the rest of the major indices but still slid 0.92%. Sectors: All 11 sectors fell for the second day in a […]
Chart of the Day – Wednesday, October 2nd, 2019
Today’s Chart of the Day was shared on Twitter by Todd Gordon (@toddgordontrade). It’s a chart of the NYSE Tick Index ($TICK) with a 10-period moving average in blue. In purple is the S&P 500. The Tick Index is a short-term indicator often used by day traders. It measures the number of stocks in the […]