Today’s Chart of the Day was shared on Twitter by Neil Blalock (@NeilBlalock). It’s a chart of the percentage of stocks in the S&P 500 trading above their 200-day moving average. Neil points out that in the past two cyclical bear markets, (2015-2016 and Q4 2018) this indicator fell below 50% and stayed there until the market was […]
Range-Bound
After a stellar June and July, markets have been hit in August. So far, we saw a nearly 7% drawdown from all-time highs on the S&P 500 ($SPX), but have rebounded over the last few trading sessions. However, even being so close to these highs, sentiment remains quite bearish, as we have pointed out in […]
Chart of the Day – Monday, August 19th 2019
Today’s Chart of the Day was shared on Twitter by Adam Koos of Libertas Wealth Management Group (@AdamKoos). It is a daily candlestick chart of the S&P 500 index. The chart serves as a good roadmap for investors looking to buy the August pullback. Adam notes some bullish technical developments that have taken place. 1.) A positive […]
Trendless Markets
The legendary Paul Tudor Jones once said: “Markets trend only about 15 percent of the time; the rest of the time they move sideways.” When you think about this quote in the context of today’s stock market it’s clear that we’re in the midst of that 85% of the time when markets move sideways. In […]
Chart of the Day – Wednesday, August 7th 2019
Today’s Chart of the Day was shared on Twitter by Luke Kawa of Bloomberg (@LJKawa). It is a chart of the S&P 500 futures this week. Luke cleverly sums up this week’s price action as Meltdown Monday, Turnaround Tuesday and Whiplash Wednesday. Monday we saw the S&P 500 drop by nearly 3%. Tuesday the index rebounded about 1.30%. Today, […]