Sponsored By: Today’s Summary Tuesday, February 2nd, 2021 Indices: US Stocks continued higher in today’s session with the Dow Jones Industrial Average advancing 476 points or 1.57%. The S&P 500 and Nasdaq rose 1.39% and 1.56%, respectively. The Russell 2000 slightly underperformed, but still gained 1.19%. Sectors: All 11 sectors closed higher for the second straight day. Financials led, rising 2.42%. Health Care lagged but still […]
Chart of the Day – Tuesday, February 2nd, 2021
$30.39 on Mar21 Silver. Above=Good, Below=Bad. Every once in awhile it’s just not all that complicated. Either price takes out resistance and the race higher begins (maybe) … or it bashes it’s head painfully against resistance and falls off the ladder. Thud. pic.twitter.com/p7b0zbBy6i — Jay Kaeppel (@jaykaeppel) February 2, 2021 Today’s Chart of the Day was […]
Daily Chart Report ? Monday, February 1st, 2021
Sponsored By: Today’s Summary Monday, February 1st, 2021 Indices: US Stocks kicked off the week/month on a positive note, with the Dow Jones Industrial Average advancing 229 points or 0.76%. The S&P 500 and Nasdaq rose 1.61% and 2.55%, respectively. The Russell 2000 closed higher by 2.53%. Sectors: All 11 sectors closed higher. Consumer Discretionary led, gaining 2.60%. Consumer Staples lagged but still managed to close slightly positive by 0.09%. Commodities: Crude […]
Chart of the Day – Monday, February 1st, 2021
The active de-grossing (long selling + short covering) has been some of the most extreme (7 sigma event) on record and was in-line with mid-Mar ’20 (biggest since 2010). Such events typically mark the bottom in equities and have been followed by 20%+ rallies in coming months. pic.twitter.com/DY7sLZTRLB — Moritz (@Moritz_of_Hesse) January 29, 2021 Today’s […]
Daily Chart Report ? Friday, January 29th, 2021
Sponsored By: Today’s Summary Friday, January 29th, 2021 Indices: US Stocks ended the week/month on a sour note in today’s session, with the Dow Jones Industrial Average dropping 621 points or 2.03%. The S&P 500 and Nasdaq fell 1.93% and 2.00%, respectively. The Russell 2000 outperformed but closed lower by 1.57%. Sectors: All 11 sectors closed lower. Utilities led, but still fell 0.54%. Energy lagged dropping 3.32%. Commodities: Crude Oil […]
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