Good Saturday Morning Chart Fans!
You might notice I am (mostly) no longer starting downtrend lines from the January 2022 peak. That is because in the next few weeks they will fall off the 1 yr charts & give us a new view. Consider this a preview!
Merry Christmas!
You might notice I am (mostly) no longer starting downtrend lines from the January 2022 peak. That is because in the next few weeks they will fall off the 1 yr charts & give us a new view. Consider this a preview!
Merry Christmas!
DJIA. This will be the last week with these lines. 
Transports.
Utes. Watch them since they have diverged from bonds this week.
SPX. That big downtrend line gonna look a tad different by mid January.
Naz
IWM. The blue line will become the dominant line in a few weeks.
SOX
Bank Index. Still hovering around 100, same place it was when the hysteria started in early December.
QQQ
QQQJ. Juniors act better than seniors.
IGV
XLI
XLB
XME
XLP
XLV
XBI
ITB
GLD
EEM
XLE. That low from a year ago will fall off the chart in the next few weeks.
OIH.
McClellan Summation Index.
Bondaleros. Yield on 10 yr.
DXY.
Insiders.
Citi Panic/Euphoria hovering right over the Panic level.
Delta Sentiment Indicator still 100% Equities.
Just a reminder that I write a daily column for @realmoney . Here's the column from Friday.
realmoney.thestreet.com/investing/stoc…
realmoney.thestreet.com/investing/stoc…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
