Today’s Chart of the Day was shared in a note titled “Signs of a Washout” by the team at LPL Financial Research. It’s a chart of the S&P 500 index over the past decade. The indicator in yellow shows the percentage of stocks within the S&P 500 that are trading above their respective 200-day moving averages. Over the […]
Chart of the Day – Monday, February 10th, 2020
Add this chart to the list of bearish divergences abounding right about now…S&P at new highs but less stocks rebounding above their moving averages.$SPX $SPY pic.twitter.com/lDdjlBqmn5 — David Keller, CMT (@DKellerCMT) February 10, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a chart of the S&P 500 over […]
Chart of the Day – Monday, October 14th, 2019
Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). It’s a daily candlestick chart of the Large-Cap Russell 1000 index ($RUI). The bottom pane of the chart is a breadth indicator showing the percentage of stocks above their 200-day moving average. Drew points out that 50% of the Russell 1000 components […]