One of my fav market risk measures. Microcap stocks continue to smash those old levels vs Quality stocks, and there's quite a bit of room to the next speed bump around the 1.30 area $IWC $QUAL pic.twitter.com/Yd3b2qOFJ8 — Drew Wells, CMT, CIMA® (@DrewTheCharts) January 15, 2021 Today’s Chart of the Day was shared on Twitter […]
Chart of the Day – Wednesday, August 5th, 2020
Despite all the action with mega caps recently, the equal weight $SPX is still maintaining the lead off the March 23rd lows $SPY $RSP pic.twitter.com/gT4iK3DUjQ — Drew Wells, CMT, CIMA® (@DrewTheCharts) August 5, 2020 Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). There’s been a lot of concern over […]
Chart of the Day – Monday, June 15th, 2020
$SPX Finding support around 2,960 at the convergence of 50, 100, 200-day EMAs without material weakness in momentum $SPY pic.twitter.com/GHkbHxymYV — Drew Wells, CMT, CIMA® (@DrewTheCharts) June 15, 2020 Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). It’s a daily candlestick chart of the S&P 500 over the past year. […]