Today’s chart of the day was shared in a research note from Andrew Adams (@DayTraderGator). The chart examines the correlation between the U.S. Dollar Index and the S&P 500 over the past 10-years. There’s a lot of speculation and discussion over how the Dollar will impact the stock market however, this chart proves that no meaningful relationship exists between the […]
Chart of the Day – Tuesday, June 18th, 2019
Today’s chart of the day was shared on Twitter by Michael Antonelli of Baird (@BullandBaird). It’s a chart of the S&P 500 in blue and the NDR Daily Trading Sentiment Composite in red. Antonelli notes that this indicator was signaling “extreme pessimism” as of yesterdays close. Meanwhile, the S&P 500 is less than 2% away from all-time highs. Sentiment, at […]
Chart of the Day – Monday, June 17th, 2019
Today’s chart of the day was shared on Twitter by Jeroen Blokland (@jsblokland). It’s a line chart of Bitcoin prices over the past year. Bitcoin printed a fresh 52-week high today at around $9,430. Jeroen highlights the remarkable comeback that Bitcoin has made this year. It’s up about 150% so far in 2019, after falling 72% in 2018. $10,000 will be […]
Chart of the Day – Friday, June 14th, 2019
Today’s chart of the day was shared on Twitter by Neil Blalock, (@NeilBlalock). It’s a daily candlestick chart of the Nasdaq Composite with the % of stocks above their 200-day moving average on top. The price action this week from the index was unexciting, as it simply consolidated at its 50-day moving average. Neil points […]
Chart of the Day – Thursday, June 13th, 2019
Today’s chart of the day was shared on Twitter by Jon Najarian (@jonnajarian). It’s a chart comparing the year-to-date performance of Disney ($DIS) and Netflix ($NFLX). The chart shows the two stocks neck & neck, with both up around 28%, so far in 2019. By today’s close, Disney was able to surpass Netflix and the two […]