After slaughtering R2K troops, traders recently began shooting NDX generals. Whether NDX can reverse last week’s minor breakdown is a key question, in my view. pic.twitter.com/yIGVmPCbZe — Mark Ungewitter (@mark_ungewitter) October 30, 2023 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). One of the more bearish aspects of last week’s price action […]
Chart of the Day – Monday, July 10, 2023
Peak analyst disparity? pic.twitter.com/v5g19JRS2i — Mark Ungewitter (@mark_ungewitter) July 10, 2023 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). The chart on the bottom is making its rounds, as Bloomberg points out that Wall Street strategists are extremely spit right now. The gap between the highest and lowest year-end targets for the […]
Chart of the Day – Tuesday, July 26th, 2022
$ARKK jumps back into the creek. pic.twitter.com/v9WFe8poWf — Mark Ungewitter (@mark_ungewitter) July 26, 2022 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). It’s a chart of the Ark Innovation ETF ($ARKK) over the past six months. The five largest holdings in this ETF include $TSLA, $ZM, $ROKU, $TDOC, and $CRSP. Mark points […]
Chart of the Day – Friday, June 17th, 2022
Bear markets typically leave no sector unscathed. Is energy staging a descent toward 200dma? pic.twitter.com/oqyQ2zHs3o — Mark Ungewitter (@mark_ungewitter) June 17, 2022 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). The Energy Sector has been the only place to hide this year, however, this week was an entirely different story. It tumbled […]
Chart of the Day – Monday, May 23rd, 2022
All bear markets come to an end, but there’s no telling how deep they will run. Fortunately, you don’t need to call a bottom, as price momentum typically confirms the next durable advance. pic.twitter.com/10K54BKxSb — Mark Ungewitter (@mark_ungewitter) May 23, 2022 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). Bernard Baruch once […]