The consensus bearish narrative toward equities seems overly confident. The S&P 500 may be retesting its breakout point rather than starting a new down leg. RSI and MACD lows from December are worth keeping an eye on. pic.twitter.com/mTywCPnyJG — Gina Martin Adams (@GinaMartinAdams) February 24, 2023 Today’s Chart of the Day was shared by Gina […]
Archives for February 2023
Daily Chart Report ? Thursday, February 23rd, 2023
Sponsored By: Today’s Summary Thursday, February 23rd, 2023 Indices: Nasdaq 100 +0.94% | Russell 2000 +0.71% | S&P 500 +0.53% | Dow +0.33% Sectors: 7 of the 11 sectors closed higher. Technology led, gaining +1.66%. Utilities lagged, dropping -0.52%. Commodities: Crude Oil futures gained +1.95% to $75.39 per barrel. Gold futures dropped -0.80% to $1,827 per ounce. Currencies: The US Dollar Index inched higher by +0.09% to $104.59. Crypto: Bitcoin fell -1.03% to $23,939. Ethereum rose +0.44% to $1,651. Interest Rates: The US 10-year […]
Chart of the Day – Thursday, February 23rd, 2023
The wrecking ball is back.#USD $DXY pic.twitter.com/YHRgFccrll — Greg Rieben (@gregrieben) February 23, 2023 Today’s Chart of the Day was shared by Greg Rieben (@gregrieben). This is one of the more concerning charts out there right now. It’s a daily candlestick chart of the US Dollar Index ($DXY) over the past 16 months. The Dollar […]
Daily Chart Report ? Wednesday, February 22nd, 2023
Sponsored By: Today’s Summary Wednesday, February 22nd, 2023 Indices: Russell 2000 +0.34% | Nasdaq 100 +0.05% | S&P 500 -0.16% | Dow -0.26% Sectors: 3 of the 11 sectors closed higher. Materials led, gaining +0.75%. Real Estate lagged, dropping -0.90%. Commodities: Crude Oil futures dropped -3.16% to $73.95 per barrel. Gold futures were flat at $1,842 per ounce. Currencies: The US Dollar Index rose +0.38% to $104.50. Crypto: Bitcoin fell -1.18% to $24,162. Ethereum fell -1.07% to $1,642. Interest Rates: The US 10-year […]
Chart of the Day – Wednesday, February 22nd, 2023
$SPX – Does 3930-3940 look like an important area? Quite a lot going on there. ?200-Day MA ?The ATH downtrend line?Oct '22 low trendline ?Oct '22 low AVWAP pic.twitter.com/BQBRvJcbN5 — Andrew Moss, CMT (@Andy__Moss) February 22, 2023 Today’s Chart of the Day was shared by Andy Moss (@Andy_Moss). The S&P 500 poked its head above […]
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