The second half of February historically can be troublesome for stocks. After the great start to this year, some typical seasonal weakness wouldn't be all that surprising. pic.twitter.com/JhtOp39WVi — Ryan Detrick, CMT (@RyanDetrick) February 9, 2023 Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). The S&P 500 had one of its best […]
Chart of the Day – Wednesday, February 8th, 2023
$SPX – I know my brain is small but it feels odd to me to call a 9 month base an "irrational bear market rally". pic.twitter.com/LLqORHhv6m — Larry Thompson (@HostileCharts) February 8, 2023 Today’s Chart of the Day was shared by Larry Thompson (@HostileCharts). It’s a monthly chart of the S&P 500 over the past […]
Chart of the Day – Tuesday, February 7th, 2023
$SPX $SPY daily…1) Price has been holding above the10-ema2) 10-ma has been holding above the 203) 20-ma holding above 504) All MAs upward sloping This is an up-trending market where price tends to draw in more buyers because of persistent strength. pic.twitter.com/uIxBYWjo5L — Jonathan Harrier, CMT (@jonathanharrier) February 7, 2023 Today’s Chart of the Day […]
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 – Friday, February 3rd, 2023
With the Value Line Geometric Index $VLG back above the 2018 and August 2022 highs, the path of least resistance is now higher for the median stock ? pic.twitter.com/2StUHMKUGj — Steven Strazza (@sstrazza) February 3, 2023 Today’s Chart of the Day was shared by Steve Strazza (@sstrazza). It’s a chart of the Value Line Geometric […]
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