The number of sectors trading above their 200-day moving averages has gone from zero in September to ten as of yesterday. All prior zero-to-ten cases since 1973 are marked on the chart and have generally been good buying opportunities. pic.twitter.com/QTkYXWg86Y — Rob Anderson (@_rob_anderson) February 2, 2023 Today’s Chart of the Day was shared by […]
Archives for February 2023
Daily Chart Report ? Wednesday, February 1st, 2023
Sponsored By: Today’s Summary Wednesday, February 1st, 2023 Indices: Nasdaq 100 +2.16% | Russell 2000 +1.49% | S&P 500 +1.05% | Dow +0.02% Sectors: 9 of the 11 sectors closed higher. Technology led, gaining +2.35%. Energy lagged, falling -1.97%. Commodities: Crude Oil futures dropped -3.12% to $76.41 per barrel. Gold futures inched lower by -0.13% to $1,943 per ounce. Currencies: The US Dollar Index dropped -0.90% to a nine-month low of $101.17. Crypto: Bitcoin rose +2.53% to $23,712. Ethereum gained +3.58% to $1,642. […]
Chart of the Day – Wednesday, February 1st, 2023
$QQQ If your nose is stuck in the weeds of day or swing trading, pay attention. We've been looking for a bottom in The Q's which have been lagging. Now we have a higher high. The Secular Bull Market of 2009 is just resuming. The '82 Secular Bull ran 18 years. 2009 – still dancin. […]
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