Chart of the Day - Friday, March 17th, 2023
March 17, 2023
Today’s Chart of the Day was shared by David Rath (@DJwrath). The Nasdaq led by a wide margin this week, gaining 5.85%, marking its best week since November. It's outperformed the S&P 500 for 12 consecutive days now, which is its third-longest streak of outperformance over the past 25 years. David points out that the Nasdaq is currently testing a key resistance level relative to the S&P 500 (second chart down). We've seen several notable inflections around this level over the past couple of years. Will this level break the Nasdaq's impressive streak of outperformance next week?