NASDAQ making higher highs from a price perspective, but momentum and breadth heading in the opposite direction (% of stocks > 50-day actually contracted yesterday). pic.twitter.com/ltsV6RImbe — Willie Delwiche, CMT, CFA (@WillieDelwiche) July 2, 2020 Today’s Chart of the Day was shared on Twitter by Willie Delwiche (@WillieDelwiche). The Nasdaq closed at an all-time high […]
Chart of the Day – Thursday, May 21st, 2020
Greatest near-term risk from my perspective is investor complacency in the face of an uneven and uncertain path for the economy. Equity P/C ratio dropping below 50% suggests that is what's happening. pic.twitter.com/6MAhZMfAWB — Willie Delwiche (@WillieDelwiche) May 21, 2020 Today’s Chart of the Day was shared on Twitter by Willie Delwiche (@WillieDelwiche). In blue […]
Chart of the Day – Thursday, April 16th, 2020
$OEX (mega-caps) making a new high vs $SML (small-caps) today. Not what you typically see if stocks have made a sustainable low and are looking forward to better (or at least less bad) economic conditions. pic.twitter.com/tvvvKWFX8Z — Willie Delwiche (@WillieDelwiche) April 16, 2020 Today’s Chart of the Day was shared on Twitter by Willie Delwiche (@WillieDelwiche). […]
Crude Oil Surges
WTI Crude Oil rallied over 14% today to close at $62.88 per barrel. This marks the largest single-day percentage gain for the commodity since June of 1998. On Friday we ran a Twitter poll asking which level WTI Crude Oil will hit first, $50 or $60. While 54% of respondents said $60, I don’t think […]
Chart of the Day – Thursday, August 8th 2019
Today’s Chart of the Day was shared on Twitter by Willie Delwiche (@WillieDelwiche). It is a chart of the latest AAII Sentiment Survey results with the percentage of bulls in green, and the percentage of bears in red. Willie notes that the percentage of bulls fell drastically this week from 38% to 22% while the percentage of […]