Sponsored By: Today’s Summary Thursday, April 23rd, 2020 Indices: US Stocks ended mostly flat after giving back the day’s earlier gains. The Dow Jones Industrial Average closed higher by just 40 points or 0.17%. The S&P 500 and Nasdaq changed just 0.05% and 0.01%, respectively. The Russell 2000 was the strongest of the major indices, gaining 1.04%. Sectors: Energy led by a wide margin, gaining 3.23%. Utilities lagged […]
Archives for April 2020
Chart of the Day – Thursday, April 23rd, 2020
Gold miner ETF making a 7yr high breaking out from a huge base formation. pic.twitter.com/Ru45AodLqo — RenMac: Renaissance Macro Research (@RenMacLLC) April 23, 2020 Today’s Chart of the Day was shared on Twitter by Renaissance Macro Research (@RenMacLLC). The chart shows the Gold Miners ETF, $GDX, along with a ratio chart of $GDX relative to […]
Daily Chart Report ? Wednesday, April 22nd, 2020
Sponsored By: Today’s Summary Wednesday, April 22nd, 2020 Indices: US Stocks closed higher with the Dow Jones Industrial Average advancing 557 points or 1.99%. The S&P 500 and Nasdaq closed higher by 2.29% and 2.81%, respectively. The Russell 2000 was the weakest of the major indices but still rose 1.39%. Sectors: All 11 sectors closed higher. Technology led, gaining 3.85%. Consumer Staples lagged but still closed higher […]
Chart of the Day – Wednesday, April 22nd, 2020
Today’s Chart of the Day was shared in a research note by Frank Cappelleri of Instinet (@FrankCappelleri). It’s a bar chart of the S&P 500 index over the past four months. In the note, Frank explains – “The SPX’s 31% rally hasn’t even tagged the 61.8% retracement level yet. From this perspective alone, any counter-trend move […]
Daily Chart Report ? Tuesday, April 21st, 2020
Sponsored By: Today’s Summary Tuesday, April 21st, 2020 Indices: US Stocks closed lower in today’s session with the Dow Jones Industrial Average dropping 632 points or 2.67%. The S&P 500 and Nasdaq closed lower by 3.07% and 3.48%, respectively. The Russell 2000 was the strongest of the major indices but still fell 2.33%. Sectors: All 11 sectors closed lower for the second day in […]
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