While Large-Cap Tech's decline is making many think today's market is down, Equal-wgt $SPX ($RSP) is higher by +0.78%, and we're seeing DJ Transports rise to highest levels on a closing basis in over 3 mths-$XLK -0.36%, but $RSPT (Equal-wgtd #Tech) is up +0.66%. Food for… pic.twitter.com/pAKqRJ1y9y — Mark Newton CMT (@MarkNewtonCMT) June 26, 2023 […]
Chart of the Day – Friday, June 23, 2023
The S&P 500 is on track to close lower by more than 1% for the first time since early March. However, the index is set to post a second consecutive weekly close above the August highs pic.twitter.com/eNE7oJ4GEx — Scott Brown, CMT (@scottcharts) June 23, 2023 Today’s Chart of the Day was shared by Scott Brown […]
Chart of the Day – Thursday, June 22, 2023
Home builders and semiconductors both hitting new highs. This doesn’t happen in bear markets. These industries also are usually among the earliest signals of an emerging economic recovery from recession. pic.twitter.com/YaUrRozrVU — Gina Martin Adams (@GinaMartinAdams) June 22, 2023 Today’s Chart of the Day was shared by Gina Martin Adams (@GinaMartinAdams). These three industry groups […]
Chart of the Day – Wednesday, June 21, 2023
$BTCUSD – Bitcoin in a logical area to take a breather. Let's see if we can get some polarity at 28.5K area (blue area). #Bitcoin pic.twitter.com/V0TZVFIUw0 — Larry Thompson (@HostileCharts) June 21, 2023 Today’s Chart of the Day was shared by Larry Thompson (@HostileCharts). Bitcoin reclaimed $30k today after rallying +20% over the past week. It was skating […]
Chart of the Day – Tuesday, June 20, 2023
Rare air for the QQQ, trading 24% above its 200-day average. Stretched? Sure, but also consistent with a move coming off market lows. Not much endorsement from ETF flows either. pic.twitter.com/DEO7dqds9O — Todd Sohn (@Todd_Sohn) June 20, 2023 Today’s Chart of the Day was shared by Todd Sohn (@Todd_Sohn). The mild ~2% pullback over the […]
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