$AVGO oh dear pic.twitter.com/xrr0nHTqKd — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) May 30, 2023 Today’s Chart of the Day was shared by Mike Zaccardi (@MikeZaccardi). Broadcom ($AVGO) broke out to record highs last week, as it caught a sympathy bid from $NVDA. This was a textbook breakout from an 18-month base, but the rally […]
Daily Chart Report 📈 Friday, May 26, 2023
Powered By: Today’s Summary Friday, May 26, 2023 Indices: Nasdaq +2.58% | S&P 500 +1.30% | Russell 2000 +1.05% | Dow +1.00% Sectors: 8 of the 11 sectors closed higher. Technology led, rising +2.84%. Energy lagged, falling -0.39%. Commodities: Crude Oil futures gained +1.17% to $72.67 per barrel. Gold futures were flat and continue to trade around $1,944 per oz. Currencies: The US Dollar Index was flat and continues to […]
Chart of the Day – Friday, May 26, 2023
What comes next for the S&P500? Are we finally breaking above $420… ? My best guess is a breadth expansion with broader participation while the mega cap names take a back seat over the coming weeks. How do you see it?$SPX $SPY pic.twitter.com/yAiCpgTkmb — Sam McCallum (@Honeystocks1) May 26, 2023 Today’s Chart of the Day […]
Daily Chart Report 📈 Thursday, May 25, 2023
Powered By: Today’s Summary Thursday, May 25, 2023 Indices: Nasdaq +2.46% | S&P 500 +0.88% | Dow -0.11% | Russell 2000 -0.70% Sectors: 3 of the 11 sectors closed higher. Technology outperformed by its widest margin in over a decade, rising +3.84%. Energy lagged, dropping -1.78%. Commodities: Crude Oil futures dropped -3.38% to $71.83 per barrel. Gold futures dropped -1.06% to $1,996 per oz. Currencies: The US Dollar Index rose +0.31% to a […]
Chart of the Day – Thursday, May 25, 2023
$QQQ 50d, 200d, & 200w moving averages. Which way is the trend? pic.twitter.com/ARzIjsmxVA — ChartingCycles (@ChartingCycles) May 25, 2023 Today’s Chart of the Day was shared by @ChartingCycles. The chart shows three moving averages for the Nasdaq 100 ETF ($QQQ) the 50-Day (yellow), the 200-Day (orange), and the 200-Week (red). $QQQ closed at a […]
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