Nice breakout in small caps $IWM $RUT pic.twitter.com/u5XRPD2WAT — Michael Kahn, CMT (@mnkahn) November 25, 2019 Today’s Chart of the Day was shared on Twitter by Michael Kahn (@mnkahn). It’s a daily bar chart of the Small-Cap Russell 2000 index ETF, $IWM. Michael points out that Small-Caps are breaking out from a key resistance level […]
Evidence On Both Sides
If we were witnessing a real trial-by-jury (which, at the end of the day, is actually what the market is), I think it’d be safe to say that bears and bulls both have pretty solid evidence to put forth in their favor. Yes, there have been sub-industries that have done well and that we have […]
Chart of the Day – Tuesday, August 13th 2019
Today’s Chart of the Day was shared on Twitter by Michael Kahn (@mnkahn). It’s a daily bar chart of Gold over the past year. Gold has had a terrific run this year and is actually outperforming the S&P 500 year-to-date. Michael notes that it may be a good time to “ease up on the gas” […]
Why All The Pessimism?
“Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria…” -Sir John Templeton We are staring at a rally that a majority of market participants truly hate. There is a lot of noise out there these days, including the back-and-forth from both sides of the political aisle and, of […]
The Voodoo of “Overbought” & “Oversold”
This week, Michael Kahn put out a great piece on truly understanding what the terms “overbought” and “oversold” mean when it comes to evaluating a chart. And I have to say that I wholeheartedly agree with almost everything he puts forth here. “We technicians love to bandy about terms like overbought and oversold, which we […]