Today’s Chart of the Day was shared by Brian Joyce (@Nasdaqbjoyce). The Dollar Index ($DXY) is at a crossroads again, and the next move for stocks could hinge on the path it takes. $DXY broke down to a 15-month low three weeks ago, after violating the February/April lows, around $101. However, that breakdown is failing […]
Chart of the Day – Monday, February 6th, 2023
$DXY Houston, …. pic.twitter.com/7pTeYa5J5t — brian.joyce.nasdaq (@Nasdaqbjoyce) February 6, 2023 Today’s Chart of the Day was shared by Brian Joyce (@Nasdaqbjoyce). The US Dollar index kicked off the week on a strong note after hitting a nine-month low on Thursday. It’s back above that crucial $103 level, which increases the likelihood of a failed breakdown. As we […]
Chart of the Day – Thursday, October 27th, 2022
$IWM $RTY $RLV if you like the relative strength breakout in small caps, note the strong correlative this ratio has to the Russell 1K (large cap) Value / Growth ratio (RLV / RLG). Value outperformed Growth for straight 6yrs starting in 2000. #Value pic.twitter.com/vFNcAfRNKX — brian.joyce.nasdaq (@Nasdaqbjoyce) October 27, 2022 Today’s Chart of the Day […]
Chart of the Day – Tuesday, August 16th, 2022
In this 2% range 4,288 -4,367 you have 4 technicals that could mark A top in this rally: 200-d sma (= 40W), 61.8% fib retracement, declining trendline on the Nov. and March highs,+neckline of the H&S pattern; amidst a backdrop of a Fed bent on tightening financial conditions. pic.twitter.com/a7ohgQlcmR — brian.joyce.nasdaq (@Nasdaqbjoyce) August 16, 2022 […]
Chart of the Day – Tuesday, March 8th, 2022
$XAU/$INDU ratio … learned from Martin Pring – the monthly period of Gold to the Dow, using a crossover w/ the 48M sma as a signal to over/under-weight gold. Flipped to OW in Feb. Note: brief head fake in 2020 … but often the signal is long lasting. pic.twitter.com/YubzOGXbo1 — brian.joyce.nasdaq (@Nasdaqbjoyce) March 8, 2022 […]