Dune AnaIytics Profile picture
Sep 12, 2020 14 tweets 4 min read Read on X
Last week most of the uptrend lines were hanging by a thread and holding. This week, not so much.
DJIA Image
Transports have a YUGE level up here. Image
Utes just sorta sit there. Image
Yield on Ten Year similar to Utes, big sideways. Image
S&P broke the uptrend line. I tried to use a thicker pencil but couldn't find one Image
Naz broke the uptrend line. Image
QQQs fell out of that long standing channel. Image
RUT (IWM) broke a week ago. Image
SOX Image
Interesting about the SOX, when you look at it relative to Naz it has been outperforming in the decline. Image
Bank Index hangs by a thread. Image
XLI still has that gap overhead. Image
XLE. Oils are worse than banks. Imagine that. Image

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More from @DuneAnaIytics

Nov 11, 2023
Good Saturday Morning Chart Fans!

Were those breakouts on Friday or rallies to resistance?
DJIA. Been in a trading range for a year, with two quick trips outside. Image
Transports. I expected more considering oil's move. Image
Read 25 tweets
Nov 4, 2023
Good Saturday Morning Chart Fans!

The bears will see resistance overhead. The bulls will say, if we pullback from here, won't we form (on some charts) h/s bottoms?
Reminder: this is art, not science.
DJIA Image
Transports Image
Read 26 tweets
Oct 28, 2023
Good Saturday Morning Chart Fans!

The fan lines are spreading from just a few charts last week, now they are everywhere.
DJIA Image
Transports. Image
Read 26 tweets
Oct 21, 2023
Good Saturday Morning Chart Fans!

What can we say except this will be an interesting week in the markets?
DJIA. Fan lines developing. Image
Transports. Image
Read 25 tweets
Oct 7, 2023
Good Saturday Morning Chart Fans!

Not even sure how to sum up the week so let's just get to the charts!
DJIA Image
Transports. Weak bounce off that line. For now. Image
Read 28 tweets
Sep 30, 2023
Good Saturday Morning Chart Fans!

I suppose we could say last week was a Chop-fest (h/t @followtheh ) but there was some interesting movement behind the scenes.
DJIA Image
Transports. Image
Read 27 tweets

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