Today’s Chart of the Day was shared in a note by seasonality expert, Jeff Hirsch (@AlmanacTrader). Jeff points out that the first trading day in July has been quite bullish for the major indices over the past 21-years. The S&P 500 has closed higher 85.7% of the time, for a median gain of 0.54%. Jeff adds, “No other day […]
Chart of the Day – Thursday, June 11th, 2020
Today’s Chart of the Day was shared by Jonathan Krinsky of Baycrest Partners (@jkrinskypga). It’s a daily candlestick chart of the Nasdaq Composite Index. Bulls woke up with a nasty hangover this morning after celebrating the Nasdaq’s first close above 10,000 yesterday. The index gapped lower by 2.29% at the open this morning, and continued to sell-off throughout […]
Chart of the Day – Wednesday, June 10th, 2020
$NDX Daily Sentiment at 94, among the 8 most extreme days since 2009 (11 years). Three months ago, this was at 4. Few days ever reached this high level – odds are growing for a sharp correction into Q3, magnitude to be determined. pic.twitter.com/I98cqsFXmM — Macro Charts (@MacroCharts) June 10, 2020 Today’s Chart of the […]
Chart of the Day – Thursday, April 2nd, 2020
Today’s Chart of the Day was shared with us in a note by MarketShark. We call this chart pack, “The Good, The Bad, and The Ugly.” The Nasdaq ETF, $QQQ, is “The Good” because it is the only one whose long-term uptrend remains intact after last month’s historic crash. The S&P 500 ETF, $SPY, is “The Bad” because […]
Chart of the Day -Monday, March 23rd, 2020
170 is the line in the sand for the Nasdaq right now… this level was tested just about every day last week $QQQ pic.twitter.com/VgyenRpNoR — Steven Strazza (@sstrazza) March 23, 2020 Today’s Chart of the Day was shared on Twitter by Steve Strazza (@sstrazza). It’s a daily candlestick chart of the Nasdaq 100 ETF, $QQQ. […]