Today's 2.3% drop in the Nasdaq 100 $NDX ranks as the 2nd-worst 1-day drop of the year. The only bigger fall was on February 21. Buy the dip or sign of a top? pic.twitter.com/hDOTkKDBfr — Matt Weller CFA, CMT (@MWellerFX) July 20, 2023 Today’s Chart of the Day was shared by Matt Weller (@MWellerFX). Matt […]
Daily Chart Report 📈 Wednesday, July 19, 2023
Powered By: Today’s Summary Wednesday, July 19, 2023 Indices: Russell 2000 +0.45% | Dow +0.31% | S&P 500 +0.24% | Nasdaq -0.09% Sectors: 8 of the 11 sectors closed higher. Real Estate led, gaining +1.10%. Materials lagged, falling -0.54%. Commodities: Crude Oil futures fell -0.49% to $75.29 per barrel. Gold futures were unchanged at $1,981 per oz. Currencies: The US Dollar rose +0.36% to $100.28. Crypto: Bitcoin was flat and […]
Chart of the Day – Wednesday, July 19, 2023
Today’s Chart of the Day was shared by Joe Fahmy (@jfahmy). Joe points out that the current rally in the Nasdaq Composite (right) resembles the rally in 2003 when the index was recovering from the dot-com bubble. Both 2003 and 2023 were preceded by bear markets that bottomed in October. As we know, October has […]
Daily Chart Report 📈 Tuesday, July 18, 2023
Powered By: Today’s Summary Tuesday, July 18, 2023 Indices: Russell 2000 +1.27% | Dow +1.06% | Nasdaq +0.82% | S&P 500 +0.71% Sectors: 8 of the 11 sectors closed higher. Tech led, gaining +1.13%. Real Estate lagged, falling -0.83%. Commodities: Crude Oil futures rose +2.04% to $75.66 per barrel. Gold futures gained +1.25% to $1,981 per oz. Currencies: The US Dollar was little changed (+0.04%) and is at $99.92. […]
Chart of the Day – Tuesday, July 18, 2023
Well, how about that? Papa finally did it.$DJI $DIA $DJIA pic.twitter.com/NXyqSv3LFB — Ian McMillan, CMT (@the_chart_life) July 18, 2023 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). The Dow rose for the seventh straight day and officially joined the new 52-week high club today. Ian points out that price decisively cleared resistance […]
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