Gordon Owens, CMT

Director | Private Wealth Management - providing insight on market trends and equities. @rwbaird CMT, CFP®, CIMA®, CPWA®.

[StockCharts TV @StockChartsTV]

This week's @InTheKnowTrader show is now on demand and YouTube. Rick Bensignor talks all about the Technology Sector of the S&P 500, as most of Tech has kind of petered out, covering the macro group and 12 individual names. https://t.co/ou8fJVI8da

[Gordon Owens, CMT @Chartist_Baird]

Quantifying Country Exposures in the Face of COVID-19 https://t.co/uzDYGEiKto via @FactSet

[Gordon Owens, CMT @Chartist_Baird]

Media Perspectives on U.S. Airlines Amid Coronavirus Fears https://t.co/aT13mur8FW via @FactSet

[Baird Strategas @BairdStrategas]

Big base for Europe Discretionary… the Autos have
held back the index to an extent and their response to oversold conditions will be a factor in whether the sector can breakout and outperform Staples. Via @verrone_chris @Todd_Sohn

[Gordon Owens, CMT @Chartist_Baird]

IBD Live: excellent this morning
$RUT Small Cap Value challenging resistance.
Historically small caps represent risk appetite.
Good to keep on watch list. @IBD_JNielsen @IBD_ECarson @mwebster1971 #ibd

[Gordon Owens, CMT @Chartist_Baird]

Dr Copper... still under 40 week ma. RRG starting to roll over.

[Gordon Owens, CMT @Chartist_Baird]

$FXI Island reversal with a close at the 200 dma

[Mark Newton CMT @MarkNewtonCMT]

$ACAD Acadia Pharma, one of my favorite patterns from today's price action, broke out above Sept highs today on the highest volume since early Sept #IBDPartner Note the long-term base since 2015 which was exceeded in early Sept 2019- Thanks @MarketSmith @IBDinvestors

[Gordon Owens, CMT @Chartist_Baird]

US asset class derby.

[Mark Minervini @markminervini]

It's so rewarding to inspire the future generation. The kids at University of Maryland were beautiful, and the IBD Summit was also very fun; I met some really wonderful people, including a 16-yr old young lady who told her father that she had to meet me, so they flew up from Fla.

[Willie Delwiche, CMT, CFA @WillieDelwiche]

Yesterday's all-time high close on NASDAQ Composite came with a a decline in % of stocks trading above 200-day avg (still <50%), % of stocks trading above 50-day avg (down from 81% to 54% in past two months) and a contraction in the net new high list.

[Gordon Owens, CMT @Chartist_Baird]

Price and momentum chart

[Willie Delwiche, CMT, CFA @WillieDelwiche]

Even after yesterday's rally, daily momentum on the S&P 500 is not that great. The % of stocks trading above their 200-day averages however has moved to a new recovery high (above 65%) and that certainly seems like a reason to be encouraged.

[Gordon Owens, CMT @Chartist_Baird]

Excellent graph of S&P 500 blackout period

[Gordon Owens, CMT @Chartist_Baird]

Interesting set up for LT Trsy Bonds
Testing support
Not a perfect set up (H&S)
#china $TLT #401kDay #EmergingMarket

[Gordon Owens, CMT @Chartist_Baird]

$EWT weekly hammer at support
worth placing on watch list

[Gordon Owens, CMT @Chartist_Baird]

$BIIB stops at resistance / moving average
Encouraging candle at long term moving avg
MACD positive cross but still under center

[Gordon Owens, CMT @Chartist_Baird]

$YY Consolidating with RS holding above 80
Resisting correction
Break to upside resumes trend
#China #tariffs #Trump

[Gordon Owens, CMT @Chartist_Baird]

$FB $GOOGL excellent graphic illustration of disruption @WillieDelwiche

[Gordon Owens, CMT @Chartist_Baird]

Great chart of the difference between the US and Chinese consumer
$BABA $TCEHY $V $MC $PYPL $GOOG $AAPL @WillieDelwiche

[Gordon Owens, CMT @Chartist_Baird]

SCHW breaking out after wide&lose consolidation Relative strength looks good