Chart of the Day - Thursday, April 2nd, 2020

Today’s Chart of the Day was shared with us in a note by MarketShark. We call this chart pack, "The Good, The Bad, and The Ugly."  The Nasdaq ETF, $QQQ, is "The Good"  because it is the only one whose long-term uptrend remains intact after last month's historic crash. The S&P 500 ETF, $SPY, is "The Bad"  because it broke its long-term uptrend line, which is now acting as resistance. There is still hope for $SPY if it can confirm a failed breakdown this week, by closing back above that long-term uptrend line. Lastly, the Dow Jones Industrial Average ETF, $DIA, is "The Ugly"  because its the only one of the three that is trading below the December 2018 lows. Also, its long-term uptrend has been broken for weeks now.