Chart of the Day - Wednesday, August 12th, 2020
August 12, 2020
Today’s Chart of the Day was shared on Twitter by Larry Tentarelli (@LMT978). The S&P 500 flirted with all-time closing highs today but was unable to seal the deal. Nevertheless, Larry gives the bulls something to smile about. He points out that economically sensitive areas of the market, like Semiconductors ($SOX), Railroads ($DJUSRR), Trucking ($DJUSTK), and Housing ($ITB) have already hit all-time highs this week. In a comment to The Chart Report, Larry told us, "These four signal a bullish technical trend for markets and forward-looking economic expectations, as they are leading cyclical groups."