Each time the gold/silver ratio moved more than 2 standard deviations away from its 200-week moving average since 1971, it resulted in a mean-reversion move. This ratio is currently at its most extended levels since the 2008 crisis. $gold $silver $GLD $SLV $GDX $GDXJ $SLV pic.twitter.com/3Ess7oHktz — Aazan Habib, CFA, CMT (@aazanhabibCMT) April 5, 2020 […]
Archives for April 2020
Daily Chart Report ? Friday, April 3rd, 2020
Sponsored By: Today’s Summary Friday, April 3rd, 2020 Indices: US Stocks ended the week on a sour note today with the Dow Jones Industrial Average closing lower by 361 points or 1.69%. The S&P 500 and Nasdaq fell 1.51% and 1.53%, respectively. The Russell 2000 was by far the weakest of the major indices, dropping 3.11%. Sectors: Consumer Staples was the only sector to close higher, […]
Chart of the Day – Friday, April 3rd, 2020
Equally weighted index, Offensive $XLF & $XLK & $XLY vs Defensive $XLP & $XLU & $XLV. Respecting a support and resistance level dating back to 2007. pic.twitter.com/1LrMpyrYDI — Grant Hawkridge (@granthawkridge) April 3, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). It’s a ratio chart showing a basket of the offensive […]
Daily Chart Report ? Thursday, April 2nd, 2020
Sponsored By: Today’s Summary Thursday, April 2nd, 2020 Indices: US Stocks closed higher in today’s session with the Dow Jones Industrial Average gaining 470 points or 2.24%. The S&P 500 and Nasdaq finished up 2.28% and 1.72%, respectively. The Russell 2000 underperformed the other major indices but still gained 1.29%. Sectors: All 11 sectors closed higher. Energy led significantly, rebounding 9.16%. Consumer Discretionary lagged but still closed […]
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 […]
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