199 trading days since last 5% correction in SPX, longest since 2017-18 and 15th-longest since 1928. Temptation is to say we're "overdue" and seasonals support the case, but perhaps a bigger takeaway is 11 of previous 14 were in secular bulls. #trendisyourfriend @NDR_Research pic.twitter.com/mppqf1VPrJ — Ed Clissold (@edclissold) August 17, 2021 Today’s Chart of the Day […]
Daily Chart Report ? Monday, August 16th, 2021
Sponsored By: Today’s Summary Monday, August 16th, 2021 Indices: US Stocks were mixed to start the week. The Dow rose 110 points or 0.31% to an all-time high. The S&P 500 also closed at a record high, gaining 0.26%. The Nasdaq slipped 0.20%. The Russell 2000 underperformed, falling 0.89%. Sectors: 7 of the 11 sectors closed higher. Health Care led, gaining 1.14%. Energy lagged, dropping 1.84%. Commodities: Crude […]
Chart of the Day – Monday, August 16th, 2021
Dow Theory non-confirmation was triggered when Industrials made new highs and Transports did not. $TRAN now back above 50-day moving average driven by rails, delivery services. Enough to rotate back to Dow Theory buy signal? $INDU $DJIA $DJIT pic.twitter.com/AldMFOh9ru — David Keller, CMT (@DKellerCMT) August 16, 2021 Today’s Chart of the Day was shared by David […]
Daily Chart Report ? Friday, August 13th, 2021
Sponsored By: Today’s Summary Friday, August 13th, 2021 Indices: US Stocks were little changed in today’s session. The Dow ticked higher by just 15 points or 0.04%. The Nasdaq also ticked higher by 0.04%, while the S&P 500 rose 0.16% to a record high. The Russell 2000 underperformed, falling 0.98%. Sectors: 7 of the 11 sectors closed higher. Consumer Staples led, gaining 0.83%. Energy lagged, falling 1.18%. Commodities: Crude Oil futures […]
Chart of the Day – Friday, August 13th, 2021
Weekly $SPX update: the wicked game of musical chairs continues. Nobody knows when the music stops. pic.twitter.com/c1riQ7ENma — Michael Turvey (@MikeTurvey_TDA) August 13, 2021 Today’s Chart of the Day was shared by Michael Turvey (@MikeTurvey_TDA). The S&P 500 ended the week on a positive note, closing at an all-time high for the 48th time this year. The […]
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